Deals can be had

Where are the buyers? Seems like everyone is frozen, waiting for something to happen, and when we hit bottom (and it will happen), no one will know until a few months later. But in the meantime, I have a buyer that got a great deal on a home in an exclusive area of Pasadena. The asking was $450k, no offers in 90 days. Same exact property was in escrow at $475k. My clients decided to offer $410k and got it. Just a day later the $475k home closed escrow, and my buyer's $410k home appraised for a lot more than their contract. The market is great for buyers, and there are sellers that will give big discounts, but you just have to ask (in other words, give an offer).