I was approached by a commercial developer who wants to buy the land and tear down the house and turn it into a fast food drive thru restaurant.

But on the flipside, things don't come crashing down as hard/fast as they do here either ..... theoretically. 

If you have hard money loans at 12%, get out of them as fast as possible with lower rates... but if you have a long-term note at sub-5%, I would expect you could use the cash you'd be putting into paying down your mortgage to make more money elsewhere... just make sure you're making more than the interest you're paying on your mortgage ;)I'm no professional RE investor (yet), so take my thoughts for what they're worth. 

The e-mails have been fast and furious about interest in the property.

Tell them how you can buy their house FAST, AS-IS with CASH.

Knowing he had another offer, we didn't want to play too much hard ball especially since it was in a neighborhood that is would sell fast. 

I'd still want to get it a few grand less so if s@&t gets real it will be easier to sell and sell fast without taking a big hit.  

The paper was just trumpeting that median prices have hit the same level as 2006 and that houses are selling as fast as they are listed. 

I have learned to get professionals to do things for me fast and at a high level.

I play the market all the time but I am young and far from wealthy so I'm a gambler and stick to options and go in and out very fast i have gone in and out of higher and lower tax brackets over night.... the market could crash this year and many say we are in for an earnings recession and in my view it could be any day bc if you just google S&P500 and look at the chart in max view you will see from as far back as it will show up up up up down down up up up up down down up up up up etc...... we are due for a major correction soon although i think markets will rally some more this year and this coming earnings will generally be poor but not as poor as predicted so the market will be looking good and the FED will raise rates at the end of the summer than yea after the holidays things will be super slow higher rates higher costs and with the oil prices and political movements more volatile than shares of tesla maybe yea a big crash and some people will lose it all while some people will be buying it all waiting for the next upswing its the cycle of life...Craziest thing i ever read about the stock market was that SEC halted trading on a bunch of medical marijuana stocks that were trading on the OTC market and i said WAIT WTF theres public pot corps lol i mean who would buy a medical marijuana stock... forget cooking the books what happens when the DEA burns the books so how does that work.... so aslong as there are people dumb enough to invest publicly in a company that is operating in a risky federally illegal business than yea the stock market can crash any day of the week for just about any reason...