Buyers market?

way2roll wrote:

robmharper wrote:

Lantley wrote:
In terms of recovery and markets we are in uncharted territory.
This is not like 2007 when business failure caused the issues.
Are economy was deliberately shut down for health reasons.
There will be payment forgiveness and lots of amnesty.

This is a good point, but the unemployment rate is theorized at an actual 14%, expected to reach 19% in the US. The 4.4% is the worse 2 month drop since 1975. 177,000 furloughs that will probably turn into a 3 month or longer break from work. While there may be loan forgiveness to some extent I suspect people will focus on repaying their mortgage as a primary goal and let the RV's go to repossession. The smart people with temporary layoffs will offload themselves if they can, trying to salvage their credit score. This will be at firesale levels, I predict. The rest will go to the auctions but that will take time to start seeing.

We made a reasonable (I think, given the situation) offer, only 13% lower than the advertised price and the RV dealership who was offering the unit on consignment wouldn't even push the offer to the owner. That, to me is criminal. I would bet that owner would be glad to accept a 13% discount to have cash in hand. We are paying cash. Now we are playing the waiting game and I suspect we will prevail, eventually.

While the consignment dealer is in it for profit I agree that any offer should be presented. Keep in mind though that the actual owner is also paying the consignment dealer 10% if not more in addition to your reduced offer.