Nice story Indeed, sometimes is so hard ford sellers to understand their property, their solid peace of gold they always believed to have in hand, is worth much less than they hoped. during successful years myth created, that real estate is Always a good investment. Unfortunately, no investment is 100% save. I am selling Toronto real estate for more than 15 years and most of the years were calm. Just in last month there has been substantial slow-down, but prices are steady so far, hope we will overcome this soon ....
Best wishes!
Julie
Toronto realtor | Homepage | 06.11.08 - 6:54 pm | #

I'm getting ready to submit the same offer on a home we submitted a month and a half ago... before the foreclosure took place.

The bank wasn't too thrilled with the first offer as a short sale... and they won't be thrilled with this next one - but it is what it is.

Funny thing is - the bank raised the price from $349K to $389K... as if that would help... LOL

Your eating an elephant analogy reminds me of a Chicagoan who used to frequent the restaurant my mom worked at. He would order a drink... drink the drink... then eat the glass. Drove my mom's boss nuts.

His goal in life? To eat a Volkwagen. He was confident he could do it... but was concerned about the tires and the oil...
Doug Quance | Homepage | 06.12.08 - 10:18 pm | #

Surprised they haven't already asked you to make up the difference out of your commission!
John Kalinowski | Homepage | 06.16.08 - 7:07 am | #

I appreciate the great blog and information you provide on your blog. I've been looking around the Chicago area at properties and found a cool tool by PropertyMaps. It's a Google Maps/MLS mashup that has been a lot of help.
Eddie Stewart | 06.20.08 - 12:03 am | #