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Home › Forums › Housing › Such confusion in this market and so many uneducated people!

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  • November 18, 2007 at 8:06 PM #10935
    socrattt
    Participant

    As a real estate investor and somewhat of educated human being, I find it so hard to believe that people can’t quite figure how to sell homes in this market. It seems straight forward, but maybe I just understand simple economics like many of you others do here.

    I continue to watch listing after listing overpriced by $200K-$300K+ and then the agent tries to make the home sound as if it is the only one on the market. If realtors want to move inventory in this market, prices need to be competitive. It is almost frustrating to watch because so many realtors are do nothing more than adding more supply to our slowing demand. With over a year of inventory in almost every city in San Diego County it will be sometime before we see this market stabilize.

    I think the Board of Realtor needs to have a mandatory to educate the 540,000 licensed agents in this State, so that they understand how to list a home at MARKET VALUE.

    November 18, 2007 at 8:28 PM #100909
    pizzaman
    Participant

    I thought I was the only one that was getting irritated by this. I have one in mind where the seller has plenty of equity and might be able to make a sale if they priced the house somewhere in the low/mid 400’s. Instead they list it for 635 and when it doesn’t sell in 60 days they lowered the price to 619. I wonder if I offered 575 they would counter at 600? Whats the point?

    November 18, 2007 at 8:28 PM #100994
    pizzaman
    Participant

    I thought I was the only one that was getting irritated by this. I have one in mind where the seller has plenty of equity and might be able to make a sale if they priced the house somewhere in the low/mid 400’s. Instead they list it for 635 and when it doesn’t sell in 60 days they lowered the price to 619. I wonder if I offered 575 they would counter at 600? Whats the point?

    November 18, 2007 at 8:28 PM #101007
    pizzaman
    Participant

    I thought I was the only one that was getting irritated by this. I have one in mind where the seller has plenty of equity and might be able to make a sale if they priced the house somewhere in the low/mid 400’s. Instead they list it for 635 and when it doesn’t sell in 60 days they lowered the price to 619. I wonder if I offered 575 they would counter at 600? Whats the point?

    November 18, 2007 at 8:28 PM #101021
    pizzaman
    Participant

    I thought I was the only one that was getting irritated by this. I have one in mind where the seller has plenty of equity and might be able to make a sale if they priced the house somewhere in the low/mid 400’s. Instead they list it for 635 and when it doesn’t sell in 60 days they lowered the price to 619. I wonder if I offered 575 they would counter at 600? Whats the point?

    November 18, 2007 at 8:28 PM #101025
    pizzaman
    Participant

    I thought I was the only one that was getting irritated by this. I have one in mind where the seller has plenty of equity and might be able to make a sale if they priced the house somewhere in the low/mid 400’s. Instead they list it for 635 and when it doesn’t sell in 60 days they lowered the price to 619. I wonder if I offered 575 they would counter at 600? Whats the point?

    November 18, 2007 at 9:53 PM #100949
    cr
    Participant

    Yeah, it’s funny. People turn down offers less than asking but those offers may still allow them to cover their loans, or even make money depending when they bought.

    The longer they hold out the worse it will be. In a year they’ll be asking what they were offered today and by then they will still be too high.

    Cut the price today and get it over with, unless you really like having open houses.

    November 18, 2007 at 9:53 PM #101034
    cr
    Participant

    Yeah, it’s funny. People turn down offers less than asking but those offers may still allow them to cover their loans, or even make money depending when they bought.

    The longer they hold out the worse it will be. In a year they’ll be asking what they were offered today and by then they will still be too high.

    Cut the price today and get it over with, unless you really like having open houses.

    November 18, 2007 at 9:53 PM #101047
    cr
    Participant

    Yeah, it’s funny. People turn down offers less than asking but those offers may still allow them to cover their loans, or even make money depending when they bought.

    The longer they hold out the worse it will be. In a year they’ll be asking what they were offered today and by then they will still be too high.

    Cut the price today and get it over with, unless you really like having open houses.

    November 18, 2007 at 9:53 PM #101061
    cr
    Participant

    Yeah, it’s funny. People turn down offers less than asking but those offers may still allow them to cover their loans, or even make money depending when they bought.

    The longer they hold out the worse it will be. In a year they’ll be asking what they were offered today and by then they will still be too high.

    Cut the price today and get it over with, unless you really like having open houses.

    November 18, 2007 at 9:53 PM #101065
    cr
    Participant

    Yeah, it’s funny. People turn down offers less than asking but those offers may still allow them to cover their loans, or even make money depending when they bought.

    The longer they hold out the worse it will be. In a year they’ll be asking what they were offered today and by then they will still be too high.

    Cut the price today and get it over with, unless you really like having open houses.

    November 18, 2007 at 10:36 PM #100969
    golfproz
    Participant

    Awe, come on now, at least 1/2 the listings I see say “priced below market value”. They wouldn’t lie now would they?

    November 18, 2007 at 10:36 PM #101054
    golfproz
    Participant

    Awe, come on now, at least 1/2 the listings I see say “priced below market value”. They wouldn’t lie now would they?

    November 18, 2007 at 10:36 PM #101067
    golfproz
    Participant

    Awe, come on now, at least 1/2 the listings I see say “priced below market value”. They wouldn’t lie now would they?

    November 18, 2007 at 10:36 PM #101081
    golfproz
    Participant

    Awe, come on now, at least 1/2 the listings I see say “priced below market value”. They wouldn’t lie now would they?

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