You created an new lower comp/value.

I keep resubmitting my offers every 30 days until either I get the house, or someone else does.I've had banks reject my offer with no counter, and then made a lower offer 30 days later and they accept it.Steph

Interest rates increase and lower your purchasing capability.3.

They recently lowered the price to $319.

I live in the lower, and the upper is rented.Can someone walk me though what to do with the taxes?

One other thing, The biggest problem was not the scams that were goign on, that has always happened, it was the Zero interest loans that created a lower payment and created the idea they could afford more house, When in actuality they could not.

"keeping your powder dry" probably depends on the local market - generally it's smart to wait 6-12 months for lower prices.

I read an article in in one of the NJ RE blogs stating that “if you under price by 10 percent, you are going to get a bidding war, even today.â€The article say's that putting in a lower starting price will get the house more attention and ensue in more offers which can lead to the seller getting the price they really wanted for the house or even more...

Billy gets a lower payment, but has the risk of having to come up with a large payoff in five years.

They will not go lower.