experience is that these are pretty accurate.
as a buyer, you could always go in and make an offer at this newly reduced sales price, take the $40,000 price drop and run, or……we could get creative.
now here’s where it gets interesting. this recent price drop started from an already reduced price of $585,000. stay with me here, we’re going to come in at the original listing price 59 days ago, and we’re going to use $595,000 as our starting point.
your principal and interest payment would be $2,698 mo, which is actually $12 less than if you bought the home at $40,000 less.
keep in mind that by raising the interest purchase price, 