I want to offer a warm BiggerPockets welcome to you as well.As Jon noted, please do not post in Bold (I edited your post to remove it), as it is a bit distracting and difficult to read.

It will be interesting to see what effect, if any, this has on the real estate slowdown. 8)

Some of my buyers still want to walk through or have their contractor walk through, and some will just do a drive by depending on the circumstances.Bottom line, yes, your buyer needs to know what's wrong with a property, but a professional property inspection is not always a feasible or effective way to achieve that goal.

So in light of the Fed's decision on Tuesday, I am curious to how this effects the average home buyer.

My guess (and my realtor sort of confirmed this) is that the market is whacked out due to the after effects of Hurricane Katrina.

Whether you own the property outright or have a loan on it has no effect on your liability.

If something was removed it had to be one of them.

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The rate cut will have a psychological effect more than anything else but it will do little to solve any perceived mortgage crisis.

Realtors are extremely valuable to me overall but in a case like this, having the ability to go directly to the homeowner to make an offer will only help your bottom line if Realtor fee's can be saved.That being said, I wanted to offer my method for making an offer.Granted, this is more effective when the property is "distressed" rather than an ordinary house listed for sale.I don't make offers like most do by offering a number and hope they will accept it or counter.