Now's The Time To Bargain

If you're buying a second home, you might finagle the price down a bit. If you're selling, be willing to accept a reasonable offer. "The frenzy is over,' Steve Murray, president of Real Trends, Littleton, Colo. tells the Wall Street Journal in a Page One article about cooling first and second home prices. Murray says it may take six to eight months before sellers accept that the market has softened and reduce their asking prices. He said some of the brokers surveyed were surprised at how rapidly the market seemed to be cooling in recent weeks.