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  • August 20, 2007 at 9:43 PM #9960
    rube
    Participant

    Had to post this, please do not excommunicate me. Call it temporary stupidity.

    Subject house:
    http://www.riccirealty.com/401074w/index.php?main=listing&MLS_NUM=P543181&pt=RES&num_list=1&searchres=ok&CITY=ORG&STR_NAME=smiley&pt=RES&PTYPE=SFR&id_from=8v3C1Q8jd9x0S4r770xp

    Jan 2007, it’s listed at $899k…I offered $700K and didn’t get so much as a counter. (Didn’t want one anyway, it was a clearly a lowball)

    March 2007, price is now $799k. I again offer $700k, and again, no takers & no counter. At the time I was fine with it, as I could have afforded the house, but it would have been a stretch and I could see the market deteriorating faster and faster.

    Then it went to $769k…then $749…

    It now sits, at over a year DOM at….$699,900!

    I can’t get over this feeling of relief that only a man who dodged a BIG bullet can know. All you Piggs will be happy to know that I have since become a loyal reader, and appreciate the wise advise that I get for free here every day.
    P.S. bash if you must for throwing the offer at them in the first place, at least I have lived to fight another day…

    August 20, 2007 at 9:47 PM #78572
    rube
    Participant

    ahhh…that was cathartic.

    August 20, 2007 at 9:47 PM #78721
    rube
    Participant

    ahhh…that was cathartic.

    August 20, 2007 at 9:47 PM #78700
    rube
    Participant

    ahhh…that was cathartic.

    August 20, 2007 at 9:48 PM #78578
    SD Realtor
    Participant

    Good for you rube.

    SD Realtor

    August 20, 2007 at 9:48 PM #78707
    SD Realtor
    Participant

    Good for you rube.

    SD Realtor

    August 20, 2007 at 9:48 PM #78727
    SD Realtor
    Participant

    Good for you rube.

    SD Realtor

    August 20, 2007 at 9:51 PM #78583
    bsrsharma
    Participant

    Keep an eye, you may get it for half of your original offer.

    August 20, 2007 at 9:51 PM #78713
    bsrsharma
    Participant

    Keep an eye, you may get it for half of your original offer.

    August 20, 2007 at 9:51 PM #78733
    bsrsharma
    Participant

    Keep an eye, you may get it for half of your original offer.

    August 20, 2007 at 9:58 PM #78743
    Arraya
    Participant

    I wonder how stupid they feel for rejection yours and how many others? Watch out for the phone call “good news we decided to take your offer”.

    I’m glad to see OC dipping that much. I have freinds in OC that say “it’s different up here”

    On side note. I think they were high when they came up with that 899. Even peak prices don’t support that. That gets filed under WTF

    August 20, 2007 at 9:58 PM #78722
    Arraya
    Participant

    I wonder how stupid they feel for rejection yours and how many others? Watch out for the phone call “good news we decided to take your offer”.

    I’m glad to see OC dipping that much. I have freinds in OC that say “it’s different up here”

    On side note. I think they were high when they came up with that 899. Even peak prices don’t support that. That gets filed under WTF

    August 20, 2007 at 9:58 PM #78592
    Arraya
    Participant

    I wonder how stupid they feel for rejection yours and how many others? Watch out for the phone call “good news we decided to take your offer”.

    I’m glad to see OC dipping that much. I have freinds in OC that say “it’s different up here”

    On side note. I think they were high when they came up with that 899. Even peak prices don’t support that. That gets filed under WTF

    August 20, 2007 at 10:06 PM #78746
    rube
    Participant

    I agree arraya, although it is horse property, and 2 lots, but still $100k high off the bat.
    The agent has text messaged me at every price drop, including the latest to $699k, to re-submit at $680k, that they will take it. I politely say no thanks, then retreat to my rental to dance the polka.

    August 20, 2007 at 10:06 PM #78595
    rube
    Participant

    I agree arraya, although it is horse property, and 2 lots, but still $100k high off the bat.
    The agent has text messaged me at every price drop, including the latest to $699k, to re-submit at $680k, that they will take it. I politely say no thanks, then retreat to my rental to dance the polka.

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