Asked by bonbon, Edgewater, MD • Tue Nov 27, 2007
I asked these before but they ended up in Edgewater, FL section. I need some local (Maryland) advice. Here I go:
In a seller's market, the sellers often price their property aggressively, much above the appraised value. Should the buyers use the same strategy now? How aggressive is not considered unreasonable? Is offering 20% less on asking price considered too aggressive (eg. offering 200k for the asking price of 250k), considering that in many markets the prices are going down and will probably continue doing so for another 6-12 months?
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