We came in about 8% below list (not my recommendation but cant blame them for taking a shot with a lower offer when its been on market awhile)..  

I have built a decent amount of equity in several downtown Seattle condos I own (50-125% equity in each one), and will be selling them, using a 1031 exchange, to buy in a lower priced market I have identified to get more bang for my buck.

My question becomes, do you place an offer that is much lower than the asking price and just see what happens?

I would also check the water heater because a brand new appliance shouldn't be having these problems even at a lower setting.You may need to ask your family members to move out to save the relationship (and your sanity).

Yes market is at a peak and it will fluctuate but you can't go back and buy at a lower price and you can't predict the future. 

No too much you can do to lower the down payment, what you'll have to do is figure out how to get the money.

Hey I see...so I'm trying to get my assessed property tax lower because the bank loaned extra for the property because we put a lot for a downpayment on a 1031 exchangeWhat's the best way to minimize my property taxes?

Their rates were lower than the ones MVB quoted me.

Quick question- you mentioned the purchase price but not the value when it was converted to a rental- It should be the lower of the two used for depreciation purposes.

The price I mentioned to him would waive the buyer/seller agent fee, but it is still much lower than others that I saw popping up recently after agent fees.