There is no crystal ball here, but I'm personally using the unemployment rate as my leading indicator.

Welcome to the site, Terah Harris, and congrats on getting the ball moving!

A motivated seller that is against holding a note may be ok with a low-ball All Cash offer.

I am not involved in your transaction but someone somewhere it seems to me really dropped the ball.

Especially given that we're likely to get the house on the market in July, when the temperatures in Atlanta are likely to be 100+.

She says the days of low balling are over and it would be VERY hard to get started in flipping at all now.

Do be sure to check out our Ultimate Beginner's Guide to Real Estate Investing when you have the opportunity -- it'll give you much of the basic knowledge you'll need to get the ball moving!

This was lowered on 2/16/13.The bank appears to not to be very aggressive in their pricing to sell the property over the 5 months of it being on the market.The property is in bad shape, but the major cost items of the house (roof, foundation, furnace and ect) are all in GREAT SHAPE, however the inside has been torn up badly, and about 50% of the windows have been knocked out, which have been boarded up by the property management company.So, I put in an offer on the property around 1 PM on Monday, March 11th, for $12,000, 55% of the asking price, because I only have $13,000 in cash and I wanted this to be an all cash offer.The question is, did I low ball the offer too low?

I mean, my sellers already know I'm low-balling their properties.

So you'll have to go with their estimates for replacement value, or something close to it.Best thing to do is call your insurance agent and get some ball park quotes- if you have a house in mind that'll help.