[quote=SellingMyHome] . . . You all need to get back to telling me how I, and others like me, ruined the market. Then go back and show me exactly where I erred, taking the time to show me in finite detail where I erred at each step in the process. Then ask me why I didn’t sell my house at the top of the market, because everyone knew when the top was, right?[/quote]
SMH, that was another intent of my long post . . . to show you, and others like you, in finite detail, where you erred in each step of the process. Maybe you knew where some of your errors were and maybe you didn’t.
I also attribute a good portion of the blame to your incompetent (and/or self-serving) agent, who placed an offer for you (and got it accepted) on the property for far more money than it was worth. As a first-time buyer, a truly competent agent with integrity is sometimes hard to find if you don’t have any experience as a RE principal and don’t have excellent referrals given to you.
“Everyone” did not exactly know where the top of the market was, but when a 60 yo 1700 sf dry-rotted house with old windows and a wall furnace down my street sold to a landscaper and hotel maid for $590K, even my neighbors with zero RE education or experience could see that something was up. How was this couple able to spend that much for a house?? There were clues all around everyone who was not living in large apartment communities, rural areas and/or oblivious to their surroundings.
If you don’t understand where you went wrong, how are you going to avoid the same mistake again?
I hope I was able to shed some light on what happened in your case, even if the numbers were a little off :=]
Pay no mind to sdr’s antics. Instead of contributing anything useful, he unfortunately chooses to play this petty game here. The Piggs have long ago tired of it.
