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How much have comparable properties sold for within the last 3 months? What they purchased it for 4 years ago has no bearing on the market today. The downside would be that they didn't put much money down and have a large mortgage which may give them less flexibility on what they might accept as an offer. 4 years ago life was good for the builders and real estate agents as property values were inflated to take advantage of the sellers market. Swing for the fences and make a low offer, the worst they can do is say no and provide a counter offer. The market value is dictated by what a buyer is willing to pay and a seller is willing to sell their home for. Here is a great website for mortgage rate information, http://www.bankrate.com/brm/updates/ybir/ybir_state.asp?prod…

Good luck!! - Tue Nov 4 2008, 11:49

Point taken Kimberly. Less "move-up" is certainly an issue in the Williamson County area where there has been a dramatic reduction of those buyers from California among other states and those already here with expanding families. Hopefully with the election almost over there will be less fence sitters who are waiting for some sort of stability in the markets. Here's to stability! - Tue Nov 4 2008, 06:45

Hey Tina,"Real Estate Pro", I've got a novel idea... how about a real estate agent/realtor give an honest assessment that includes an obvious issue in an over built area like Westhaven. It doesn't take an insider's perspective (though I live in the same area) to understand the laws of supply and demand as well as speculation. Real estate agents/realtors who continue to paint a pretty picture or neglect to give an honest assessment are part of the root of the problem in the industry. Robert asked an honest question and I would hope any real estate agent/realtor would give him an honest answer. This is a buyers market, the builders over built, the market is correcting, and there are some great deals to be had in Westhaven. A good bit of inventory is on hand for a number of reasons, not simply because of job relocations, flippers or the "builders were busy". In the future maybe you could concentrate on your own market or just answer the question versus commenting to some other commentor:). I seriously doubt that Kimberly Hodges needs you to "stick up" for her. - Mon Nov 3 2008, 15:41

Love it, apparently this realtor "knows" that there are so many homes for sale due to job relocation or investor/flippers. I wonder if any of these homes are for sale because the buyers got in over their head, paid way too much for the homes, have a ARM type loan that is about to reset or has already reset and now they can't afford it. Gee, you think... Yeah the builders were busy throwing up these houses and trying to sock it to the potential buyers and now they are paying the piper. - Mon Nov 3 2008, 11:40

You are very welcome Mary. Thanks for the kind note. I simply offer my honest assessment. Of course, I am not an agent hoping to find buyers or sellers on Trulia so I guess I don't have to worry about rubbing someone the wrong way. - Mon Nov 3 2008, 15:53

You could be in Brentwood for @ $450k considering the market right now. I saw a home just listed for $469k that backs to the woods in the Willomet subdivision on about a 1/3 of an acre. Contact Cindy Jasper, http://www.hummerhomes.com. - Wed Oct 29 2008, 14:09

I thought you were removing this Emily... - Wed Oct 29 2008, 13:09