Reply To: Severe correption in property market & bargain times

#74212

Anonymous
Participant

When the market is bad, the value is not what the bank values at less any %, but what the financial position of the owner is and what he can get a buyer to pay for it.
When the financial markey is good, owners just feel they can hang onto the property until the right offer comes along, but when the lender comes knocking, they may have to cut their losses drasticallly.