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Dave L Dave L is offline
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Join Date: Nov 2003
Location: Barrie, Ontario Canada
Posts: 2,954
I went with something similar to Rob's tactic on my current house. The owners were leaving for California and had already dropped the price. My realestate agent, in the driveway, commented to the owners that the price was still a little high. A few days later the owners dropped the price another 10k and supposedly had another offer coming in. We offered full price, no conditions (no home inspection, no subject to finance, no subject to selling our house). Fortunately we priced our old house well and were able to sell it in 3 days to a recently divorced woman. Our fall back position was to hold on to the old house and rent it out.

Things are a little more dicey now so I would be sure you can get the additional financing in place and I would try to get as many recent comps on your current place so you can set an aggressive price.
Old 01-25-2009, 07:22 AM
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