Need a good laugh... check out this listing

User Forum Topic
Submitted by DoJC on May 2, 2009 - 12:57pm

http://www.redfin.com/CA/Escondido/2082-...

Listed at $599k in January, then, after not selling for two months they...wait for it... raised the price to $668k!

It's agents and sellers like this that crack me up and cause this bubble to deflate even more slowly.

‹ Opinions please... Mandolin Del Sur ›
"Owner is licensed Real
Submitted by jpinpb on May 2, 2009 - 1:10pm.

"Owner is licensed Real Estate agent."

Who knows why? Maybe the
Submitted by patientrenter on May 2, 2009 - 2:49pm.

Who knows why?

Maybe the owner found the right appraiser and lender, or hopes to. After all, if it's legal then it's OK, even if it's unethical by most of our standards.

I didnt look at the listing.
Submitted by SD Realtor on May 2, 2009 - 6:00pm.

I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.

A master bedroom that's
Submitted by Ren on May 3, 2009 - 9:34am.

A master bedroom that's 20x11, in a 3700sf house? If that's accurate, whoever designed it needs a career change.

"Washer, dryer, ceiling fans
Submitted by meadandale on May 3, 2009 - 10:22am.

"Washer, dryer, ceiling fans and refrigerator don't convey"

Who the hell takes their ceiling fans with them when they move out?!

Unbelievable...

http://www.phoenixrealestateguy.com/what...

Quote:

Simply put, a fixture is something that is permanently attached to real property (a house). Things such as ceiling fans, chandeliers, towel racks, built in shelves, carpet etc. Fixtures are always included in the sale of a home. The owner of a home can’t unbolt everything connected to a home before you take possession.

Granted, a ceiling fan isn’t really “permanent”. It could be uninstalled. But it IS an integral part of the home (unlike say, a piece of furniture) and is included in the sale of a home.

jpinpb wrote:"Owner is
Submitted by 5yearwaiter on May 3, 2009 - 10:51am.

jpinpb wrote:
"Owner is licensed Real Estate agent."

And you know every time Real Estate agent song is 'This is the best time to buy house - interest rates are going to be higher'. May be this time they want to show practical by putting this kind of rates what they sing a song

SD Realtor wrote:I didnt look
Submitted by Eugene on May 3, 2009 - 1:00pm.

SD Realtor wrote:
I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.

Quite possible.

Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.

The "licensed real estate agent" has a good chance of celebrating next Thanksgiving in this house.

Yeah I know Eugene. Therein
Submitted by SD Realtor on May 3, 2009 - 3:09pm.

Yeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.