Chip

I'm with you TTB. We've been trying to purchase in East Sacto since February and all we see is very old, rundown homes which are still overpriced. I say they're overpriced because the same houses seem to be sitting for weeks on end on the MSL with no apparent movement... If they were priced right they'd be in escrow. Also, we recently made an offer that was only about 4% below asking and the seller didn't even counter! This is a condo that's been on the market since the first of the year. Go figure!!! I think many sellers are reeling from the down turn in the market and are hoping to salvage what they foolishing paid too much for a few years ago. I guess some of us will just need to be more patient. I do know that I don't intend to make the same mistake some of these sellers made when they paid for overpriced junk... - Tue May 6 2008, 23:52