Bullet Dodger

[rube]

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.

[bsrsharma]

$699k, to re-submit at $680k, that they will take it

 So, as a seller's agent, he himself doesn't take his price seriously –  Or thinks 19K is funny money?

[bsrsharma]

$699k, to re-submit at $680k, that they will take it

 So, as a seller's agent, he himself doesn't take his price seriously –  Or thinks 19K is funny money?

[bsrsharma]

$699k, to re-submit at $680k, that they will take it

 So, as a seller's agent, he himself doesn't take his price seriously –  Or thinks 19K is funny money?

[drunkle]

it was cathartic reading it!

or maybe it was the spicy curry…

[drunkle]

it was cathartic reading it!

or maybe it was the spicy curry…

[drunkle]

it was cathartic reading it!

or maybe it was the spicy curry…

[rube]

bsrsharma – it was a dual representation deal. The broker was trying to move this stale listing and be done with it. They had tried everything, and still dutifully have open houses about every other weekend, although those are staged furnishings in the pics and they were gone last weekend. The house is empty, sellers moved out of state a year ago. This must be a big drain on the seller as well as the listing agent, they probably both hate each other at this point.

[rube]

bsrsharma – it was a dual representation deal. The broker was trying to move this stale listing and be done with it. They had tried everything, and still dutifully have open houses about every other weekend, although those are staged furnishings in the pics and they were gone last weekend. The house is empty, sellers moved out of state a year ago. This must be a big drain on the seller as well as the listing agent, they probably both hate each other at this point.

[rube]

bsrsharma – it was a dual representation deal. The broker was trying to move this stale listing and be done with it. They had tried everything, and still dutifully have open houses about every other weekend, although those are staged furnishings in the pics and they were gone last weekend. The house is empty, sellers moved out of state a year ago. This must be a big drain on the seller as well as the listing agent, they probably both hate each other at this point.

[Arraya]

considering that they owe 580K, they are probably starting to sweat a little too….

[Arraya]

considering that they owe 580K, they are probably starting to sweat a little too….

[Arraya]

considering that they owe 580K, they are probably starting to sweat a little too….

[one_muggle]

Don’t know the story behind the house starting this thread, but I am either seeing a truly devious plan by master Realtors with unusually long-term strategies or strong evidence that many “johnny-come-lately” Realtors that don’t know WTF they are doing.

Since around February I have been seeing POS houses dumped onto the market at $100-200k over likely peak pricing. They sit for two months or so, and then drop some insulting amount like $1k or 5k off a $750k asking price–I assume they are trying to juice the MLS, because a whopping 0.7% is unlikely to whoo even the dumbest buyer.
The story gets better, with another odd-value drop like $7.9k off–I guess they assume since it works for gas stations, it might work for houses.
On one local house I really feel bad for the stupid seller and joked to my wife that I would stick a letter in his mailbox explaining what a fraud his Realtor must be–she thought I really should.
Finally, as the DOM hits triple digits, these houses drop $20k one day and another $40k the very next day–ur?
Thirty more days later, they drop the price a total of $120k, within striking range of a realistic peak price–but now its almost another $100k too high.
And this is happening on several houses, all are POS homes.
Are they hoping that some stupid buyer, with a bad agent (or none) will swing by and think that with the HUGE price drop, it MUST be a bargain?
I guess while they are at it, they’ll load up on some Countrywide stock.

-one muggle

[one_muggle]

Don’t know the story behind the house starting this thread, but I am either seeing a truly devious plan by master Realtors with unusually long-term strategies or strong evidence that many “johnny-come-lately” Realtors that don’t know WTF they are doing.

Since around February I have been seeing POS houses dumped onto the market at $100-200k over likely peak pricing. They sit for two months or so, and then drop some insulting amount like $1k or 5k off a $750k asking price–I assume they are trying to juice the MLS, because a whopping 0.7% is unlikely to whoo even the dumbest buyer.
The story gets better, with another odd-value drop like $7.9k off–I guess they assume since it works for gas stations, it might work for houses.
On one local house I really feel bad for the stupid seller and joked to my wife that I would stick a letter in his mailbox explaining what a fraud his Realtor must be–she thought I really should.
Finally, as the DOM hits triple digits, these houses drop $20k one day and another $40k the very next day–ur?
Thirty more days later, they drop the price a total of $120k, within striking range of a realistic peak price–but now its almost another $100k too high.
And this is happening on several houses, all are POS homes.
Are they hoping that some stupid buyer, with a bad agent (or none) will swing by and think that with the HUGE price drop, it MUST be a bargain?
I guess while they are at it, they’ll load up on some Countrywide stock.

-one muggle

[Author]

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