{"id":268295,"date":"2010-02-02T14:11:58","date_gmt":"2010-02-02T19:11:58","guid":{"rendered":"http:\/\/www.businessinsider.com\/your-mortgage-bargaining-power-increased-by-01-percent-2010-2"},"modified":"2010-02-02T14:11:58","modified_gmt":"2010-02-02T19:11:58","slug":"dear-homebuyers-its-time-to-start-lowballing-like-crazy-again","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/268295","title":{"rendered":"Dear Homebuyers: It&#8217;s Time To Start Lowballing Like Crazy Again"},"content":{"rendered":"<p>For the first time in 11 months, homebuyers gained some negotiating power in December.<\/p>\n<p>Zillow.com&#8217;s measure of discounts off list price creeped up from 2.6% to 2.7%, saving homebuyers an additional $80 on average.<\/p>\n<p>The rise in negotiating power is a sign that demand does not easily support the market comeback.<\/p>\n<p>National sentiment is still of the view that that <a href=\"http:\/\/www.businessinsider.com\/your-house-will-lose-12-value-in-2010-2010-2\">home prices will fall<\/a>.<\/p>\n<p>Homebuyer negotiating power is highest in Florida and the Northeast, where homebuyers should plan to lowball like hell (from <a href=\"http:\/\/www.zillow.com\/blog\/buyers-gain-more-negotiating-power-in-december-florida-northeast-buyers-still-bargaining-the-most\/2010\/02\/02\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29\">Zillow.com<\/a>):<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6864dd0000000000ebff15\/reduced-homes.png\" border=\"0\" alt=\"reduced homes\" \/><\/p>\n<p>On the other hand, there&#8217;s a growing seller&#8217;s market in places that saw high foreclosures re-sales, which are now perceived as undervalued. Namely, So-Cal:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6864d700000000008b469a\/reduced-homes.png\" border=\"0\" alt=\"reduced homes\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/your-mortgage-bargaining-power-increased-by-01-percent-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/goldman-recoveries-always-suck-after-housing-busts-but-stocks-go-up-regardless-2010-1\">Goldman Studies 24 Housing Busts: Recoveries Always Weak, But Stocks Go Up Regardless<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/hows-your-city-doing-2010-1\">Is Your City STILL In The Housing Market Gutter?<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/rosenberg-housing-is-in-a-depression-and-already-double-dipping-2010-1\">Rosenberg: Housing Is In A Depression, And It&#8217;s Already Double-Dipping <\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/RgeBd8eHbyU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time in 11 months, homebuyers gained some negotiating power in December. Zillow.com&#8217;s measure of discounts off list price creeped up from 2.6% to 2.7%, saving homebuyers an additional $80 on average. The rise in negotiating power is a sign that demand does not easily support the market comeback. National sentiment is still [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-268295","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/268295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=268295"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/268295\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=268295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=268295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=268295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}