have a heart!

[Peace]

Couldn’t believe what I read in the free paper that is delivered “Today’s Local News”

This is a quote from an article written by a Prudential California Realtor by the name of Vay Ashby:

“In our transitioning San Diego real-estate market, buyers often feel that any offer will do. However, it does a disservice to the sellers and the purchase process to make an offer out of the value range or to come in substantially lower than the asking price.
Buyers must consider how they would feel if they were selling their home, especially in a changing market.
The number of ‘short sales’ is on the rise. This is where the seller must bring money to the closing in order to pay back the bank loan, even after selling.
At times, there is a bottom-line number the seller cannot go below in a short sale, or financial hardship will be too severe. The market requires buyers to be especially considerate when making offers.” pg A8

Maybe those of you at meet-up should have a moment of silence in honor the poor sellers.

Then after you’ve had a couple beers how bout emailing Ms Ashby at vashby@prusd.com

[Anonymous]

LOL! This is an absurd article on so many levels it would take hours to write a proper retort.

Suffice it to say the argument “overpay to bail me out since we had overpaid before you” isn’t going to work.

Hey I have an idea, let’s pass a law that new cars would never lose value. After all, you don’t want someone to find out that the shiny new car they bought 5 years ago is now worth a tiny fraction of what they paid, do you? Imagine the insult and depression that would result!

[masayako]

Vay Ashby,

Why do you think us potential buyer(s) give a ____ what the seller(s) want?

The Market determines the prices, not the sellers.

Go back and take History 101 and talk to the elders what had happened during the Great Depression.

If anyone is stupid enough to buy into the market at the highest, he/she is deemed to pay the price, fool.

The sellers can’t sell their houses because they are greedy. They want the biggest paycheck possible with their property and this guy is blaming us not to buy in????? What the…?!

[PerryChase]

I e-mailed her and politely told her to get real. I emailed the editor also.

Did sellers give buyers a break on the upside? No. Why should anyone care now?

[Bugs]

Ahh, the emotional appeal. That’s always a crowd pleaser here at Piggington’s. A buyer should be willing to pay more in order to not do a disservice to the seller or selling process (read: agent’s commission). Classic.

[SD Realtor]

All I can do is shake my head…

Same profession… different worlds. Yet if there would be ANY Realtor to come with a take like that it doesnt surprise me that it is a Prudential agent.

[waiting hawk]

lmao SD

My website tracking Temecula and South Riverside County

[mycroft]

This is a really odd article. She starts off talking about her friends buying a house in 2002. You know, the good ol’ days when property values had nowhere to go but up…and up…and up. She ends it telling us that her friend from Delaware is a native Californian at heart, and how much she loves her house and the $200K in equity they’ve made in four years.

In the middle of the article, she drops this little tidbit about taking sellers’ feelings into account, so you shouldn’t offend their sensitive feelings by lowballing them. And, oh by the way, short sales are on the rise. As near as I can tell, this has nothing to do with her friends, because they bought the house, they love the house, they love the equity, and they are apparently not planning to sell it. Why then this waring to the reader of this article not to lowball?

At any rate, if this realtor really liked her friends, she’d advise them to sell their house right now and put the $200K equity in CD’s. A year from now, they may well be upside down and kicking themselves for blowing money they’ll never get back on hardwood floors.

[rankandfile]

Honestly, where do these people come from? “The market requires buyers to be especially considerate when making offers.” Are you kidding me? Now we have to be considerate of the market lest we offend it. I didn’t know the market had feelings. Take a look at the large Prudential banner at the top of the page and that tells you all you need to know about the credibility of the website.

I recommend we flood the editors of that website with emails telling them just how little we are fooled by their propaganda.

[powayseller]

If she is truly concerned about seller feelings, why doesn’t she lower her commission?

Prudential, I believe, is the last hold-out in lowering commissions, and they are at 5% or 6%. If she really wants to help people, lower it to 1% for her half.

Her plea reminds me of senators, eager to please their voters, asking Bernanke why he keeps raising interest rates. If they really wanted to help the economy, those same senators would pressure Congress to tighten lending guidelines, overhaul GSEs, and reduce the deficit.

That lady is just like a lame senator. She issues a bunch of words to schmooze her clients, instead of taking the action that will make a difference: tell the client to lower the price.

[ocrenter]

few things she’s trying to get at with the article.
#1: think with your heart, not with your head. finding that perfect home should be a pure emotional decision. (aka. hun, here’s the checkbook. oh look, they are so happy now).
#2: when you find that perfect house, don’t lowball, just accept the asking price because this is afterall a purely emotional decision. is there really a price for that perfect home?

you have to wonder if she wrote a similar article asking sellers to consider the buyers’ feelings during the period of significant cut throat bidding wars and sellers making buyers write essays about why they should be the one allowed to finance the sellers’ early retirement.

[Peace]

here's the link to the article: http://www.todayslocalnews.com/?sect=house&p=1354

[Author]

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