Creating a sense of urgency. You better buy now!

[murf2222]

Adam, the sure-fire plan of attack is to bid 100K OVER asking price…….preferably on a place with a cracked foundation and kitchen that’s been gutted.

Surely that strategy will yield the home of your dreams………………Right???

Haha, just a little inside joke there y’all!

Murf2222

[SD Realtor]

Murf that may not even get you an accepted offer!

Peter I would agree with what you said given the current and future unemployment conditions.

[SD Realtor]

Murf that may not even get you an accepted offer!

Peter I would agree with what you said given the current and future unemployment conditions.

[SD Realtor]

Murf that may not even get you an accepted offer!

Peter I would agree with what you said given the current and future unemployment conditions.

[SD Realtor]

Murf that may not even get you an accepted offer!

Peter I would agree with what you said given the current and future unemployment conditions.

[SD Realtor]

Murf that may not even get you an accepted offer!

Peter I would agree with what you said given the current and future unemployment conditions.

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[CA renter]

Excellent post, SDR.

I started seeing the crazies last year, beginning around February (2008). This was especially true in the better areas. If it’s getting busier right now, then it’s definitely time to step to the side, IMHO.

The bubble is NOT over. People still have the mindset that housing is the path to riches, and once this little slowdown is over in a few months, then prices will rocket back up.

I refuse to compete with these people, so we’ll just continue to rent. It’s nice having that flexibility anyway. 🙂

There is definitely a lot of supply that’s being kept off the market. Hearing lots of stories about people who haven’t paid their mortgages in many, many months…even years!

Good luck to everyone, both renters and owners!

[CA renter]

Excellent post, SDR.

I started seeing the crazies last year, beginning around February (2008). This was especially true in the better areas. If it’s getting busier right now, then it’s definitely time to step to the side, IMHO.

The bubble is NOT over. People still have the mindset that housing is the path to riches, and once this little slowdown is over in a few months, then prices will rocket back up.

I refuse to compete with these people, so we’ll just continue to rent. It’s nice having that flexibility anyway. 🙂

There is definitely a lot of supply that’s being kept off the market. Hearing lots of stories about people who haven’t paid their mortgages in many, many months…even years!

Good luck to everyone, both renters and owners!

[CA renter]

Excellent post, SDR.

I started seeing the crazies last year, beginning around February (2008). This was especially true in the better areas. If it’s getting busier right now, then it’s definitely time to step to the side, IMHO.

The bubble is NOT over. People still have the mindset that housing is the path to riches, and once this little slowdown is over in a few months, then prices will rocket back up.

I refuse to compete with these people, so we’ll just continue to rent. It’s nice having that flexibility anyway. 🙂

There is definitely a lot of supply that’s being kept off the market. Hearing lots of stories about people who haven’t paid their mortgages in many, many months…even years!

Good luck to everyone, both renters and owners!

[CA renter]

Excellent post, SDR.

I started seeing the crazies last year, beginning around February (2008). This was especially true in the better areas. If it’s getting busier right now, then it’s definitely time to step to the side, IMHO.

The bubble is NOT over. People still have the mindset that housing is the path to riches, and once this little slowdown is over in a few months, then prices will rocket back up.

I refuse to compete with these people, so we’ll just continue to rent. It’s nice having that flexibility anyway. 🙂

There is definitely a lot of supply that’s being kept off the market. Hearing lots of stories about people who haven’t paid their mortgages in many, many months…even years!

Good luck to everyone, both renters and owners!

[Author]

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