Speaking very anecdotally, meaning I haven't done a study, it still feels like demand is much, much higher than supply and even though more and more investors are interested in owning rental houses here and new duplexes and triplexes it doesn't feel like it did in 2006 and 2007 when you would see homes go up and sit vacant.In my previous response, I was thinking you were committed to building, either now or after things pullback.  

I suspect it better now.. but I can for sure see this happening.Also keep in mind real estate transactional Fraud is FAR more prevalent in those markets and back east than in our markets. 

I recently received a copy of the title commitment which shows encroachment issue in the the "Schedule B, Section II - Exceptions". 

Here I got to learn how prevalent old knob and tube wiring could be in older houses.

At this point in my opinion they have committed fraud and are entitled to government housing with 3 hots and a cot.  

It needed someone who was going to commit to keeping the integrity of the house.

@Mike Terry IMO Values dropping shouldn’t matter unless you HAVE to sell and/or you’ve committed to a mortgage payment that’s economically callous.

The current addendum says the 26.I have asked for a commitment letter from the bank the closing atty. claims the buyer only needs to show Inability to provide financing.

It is important NOT to commit to anything except to continue to explore an arrangement that suits you both. 

There are a lot of lenders out there who don't really want to commit time to you unless they know you're going to do a deal.