If they are not desperate to sell, then he should not be desperate to buy.
There is always another property. Your strongest bargaining position is being willing to walk away.
I couldn't agree more. It's just a house, it's stuff. If he doesn't get some sort of resolve. He's got a 10000 lb. bear in the closet that he will have to fed eventually. But they might not be anxious to sell. I was trying to sell my house a few years ago when this mess started and I wasn't giving up much to sell. I was just trying to make some $$$.
you guys are cracking me up. Just to let you know.... I am selling my current "small" house in a less desirable area for 10% above appraised value. I am buying the "new, larger" house in a more desirable area at a %10 discount from appraised value. When looking at comparables of what has sold in the neighborhood in the last 6 months, we are already getting an extremely good deal.
Markets aren't too bad around here. I have lost about 5% in the last couple of years but I am still selling it for more than I bought it for in 2004. And it was only on the market for 30 days.