Harley, bottom next year doesn't sound good!
We just bought a stick house. The seller was a vet, and I felt sorry for him. But, we were looking for someone to skin.
Aside from the amenities, the house was appraised 18 months ago at $225,000. Our VA appraisal was at $200K. We bought at $160K.
I felt like a thief!
He was not upside down. He had it free and clear after 30 years. His wife had gone to S. Cal for cancer treatment, 18 months ago. He wanted to sell so he could join her. After that time he accepted our offer. Still - - - -
He was a nice guy. Lost his foot and one eye in a torpedo accident in Viet Nam. We got to be friends, int the negotiations, much; to the dismay of the RE agents. He was glad to be able to join his wife. We were glad to get the property. It's a very nice house.
Now, you're telling me that we haven't hit bottom yet!
So, we start losing, where he left off?
It's OK, as we have no plans to sell. Still, I feel sorry for him.
Feels bad, to take advantage of someone. But, that's what we were looking to do. (Bad Boy, Ray!)
Bad Boy, Ray D