Just signed a contract on a 1 yr old house here in Richmond, KY. It was listed at 275K with 2800 sqft all brick with 1 acre in an upscale neighborhood. We offered 190 to see how far they would come down after 2 days they came back with 220K and we said "no thanks", we'll keep looking. Well, yesterday afternoon my realtor calls and says they wanted to know if we were still interested in the house? They also told the realtor they would take 206K if we did a contract that same day. We did, pending a home inspection ofcourse. But damn, this house is 4 bdrm /office granite everything 3 car garage!!! The people owed only 150K or so and just wanted to get it off their hands. Sorry to toot my own horn, but if your a buyer looking in this market, your in for a hell of a deal!!!