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Post# of 151692
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Elmer Phud

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Elmer Phud

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Re: imho post# 46339

Monday, 07/30/2007 11:17:19 PM

Monday, July 30, 2007 11:17:19 PM

Post# of 151692
imho

Translation: "with no buyers in sight, we are forced to drop our asking price in order to get rid of this stuff

Good point. How else do you accelerate a sale other than drop the price? If your house won't move and you want to "accelerate" the sale then you have to take a lowball offer, but when the equity in your house was part of your balance sheet then it'll take a hit when you "accelerate" that sale.
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