A lot of lenders do have LTV reductions for properties that are located in an area which the appraiser deems a declining market, but that is in reference to property values and not STR data.

Assuming no appreciation, or depreciation, you need to figure 4% in principle reduction each year. (4%* 5 years + your existing 5%) Keep in mind, refinance appraisals are typically tougher to "hit your number" because they go in with no preconceived purchase price to comp to.

If you get a ton of showings and no offers, you're close to the right price point, a slight reduction will usually do the trick. 

I was able to get the rehab costs as a reduction to the purchase price.

I think they’re going to raise the rent on me fairly significantly (~10%) the next time the lease renews, which will sort of be a bitter pill to swallow, but had they raised the rent a little every year or two, I’d probably already be paying that amount or more, so I’ll probably get over it.

Negotiated a 4% price reduction due to condition of property.

So, if interest rates are a buyer’s primary reason for staying on the sideline, my recommendation is to focus on opportunities to negotiate a reduced interest rate from a seller or take a look at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

Is it far enough along that you can live in it and ask for a reduction on the price to take it as is?

(water in toilets, tanks, and bowels from leaking sinks) I am using this as a point of negotiation with the seller to get a significant reduction in price due to this.

So, if interest rates are a would-be buyer’s primary reason for staying on the sideline, my recommendation would be to focus on opportunities to negotiate a reduced interest rate from a seller or take a look at new construction, where builders are often offering hefty rate reductions and other substantial incentives.What does this mean as a seller?