How to lowball a builder

[sdduuuude]

Maybe ask them to fully landscape it for you.

To me, that wuold be one of the the worst things about buying a brand new home. It stinks living in a dirt lot and it’s expensive as heck to make nice.

Ask for the world, I say – some HOA fees, a few important upgrades inside, cash refunds in the contract, closing costs, major landscaping, a new car, a plasma TV.

Just let them show a nice high publicly available sales price and I think you’ll have good luck. Good idea to give them this pitch mid-quarter, let them reject it, then come back towards the end of the quarter and say “how bout now?”

[cr]

I’m in the SFV too and many people here think LA is insulated even though we’ve already seen 17-20% depending on where you look. I believe LA is behind SD by 6-12 months in terms of trends and will still fall 20% or so in the next year.

You can always raise your low-ball offer, but you can’t reduce it once they accept.

You have the money, they have a depreciating asset.

[cr]

I’m in the SFV too and many people here think LA is insulated even though we’ve already seen 17-20% depending on where you look. I believe LA is behind SD by 6-12 months in terms of trends and will still fall 20% or so in the next year.

You can always raise your low-ball offer, but you can’t reduce it once they accept.

You have the money, they have a depreciating asset.

[cr]

I’m in the SFV too and many people here think LA is insulated even though we’ve already seen 17-20% depending on where you look. I believe LA is behind SD by 6-12 months in terms of trends and will still fall 20% or so in the next year.

You can always raise your low-ball offer, but you can’t reduce it once they accept.

You have the money, they have a depreciating asset.

[cr]

I’m in the SFV too and many people here think LA is insulated even though we’ve already seen 17-20% depending on where you look. I believe LA is behind SD by 6-12 months in terms of trends and will still fall 20% or so in the next year.

You can always raise your low-ball offer, but you can’t reduce it once they accept.

You have the money, they have a depreciating asset.

[cr]

I’m in the SFV too and many people here think LA is insulated even though we’ve already seen 17-20% depending on where you look. I believe LA is behind SD by 6-12 months in terms of trends and will still fall 20% or so in the next year.

You can always raise your low-ball offer, but you can’t reduce it once they accept.

You have the money, they have a depreciating asset.

[sd_matt]

Tuba
You mentioned timing for builders. Whats the best timing for banks with a REO property?

[sd_matt]

Tuba
You mentioned timing for builders. Whats the best timing for banks with a REO property?

[sd_matt]

Tuba
You mentioned timing for builders. Whats the best timing for banks with a REO property?

[sd_matt]

Tuba
You mentioned timing for builders. Whats the best timing for banks with a REO property?

[sd_matt]

Tuba
You mentioned timing for builders. Whats the best timing for banks with a REO property?

[sheilawellington]

sd_matt, I don’t think banks have to meet sales targets in a given calendar/fiscal quarter. What I’ve heard from accountant friends, is that internal and external auditors are pressuring the banks (very effectively) to mark their assets to market.

Without this “pressure” banks’ asset managers would be happy to keep a REO property on their books at a fantasy price (say, whatever the defaulted loan amount was). Over time, as they value their assets at more realistic prices, it becomes easier to sell them because they are not as ridiculously overpriced as only a year ago.

[sheilawellington]

sd_matt, I don’t think banks have to meet sales targets in a given calendar/fiscal quarter. What I’ve heard from accountant friends, is that internal and external auditors are pressuring the banks (very effectively) to mark their assets to market.

Without this “pressure” banks’ asset managers would be happy to keep a REO property on their books at a fantasy price (say, whatever the defaulted loan amount was). Over time, as they value their assets at more realistic prices, it becomes easier to sell them because they are not as ridiculously overpriced as only a year ago.

[sheilawellington]

sd_matt, I don’t think banks have to meet sales targets in a given calendar/fiscal quarter. What I’ve heard from accountant friends, is that internal and external auditors are pressuring the banks (very effectively) to mark their assets to market.

Without this “pressure” banks’ asset managers would be happy to keep a REO property on their books at a fantasy price (say, whatever the defaulted loan amount was). Over time, as they value their assets at more realistic prices, it becomes easier to sell them because they are not as ridiculously overpriced as only a year ago.

[sheilawellington]

sd_matt, I don’t think banks have to meet sales targets in a given calendar/fiscal quarter. What I’ve heard from accountant friends, is that internal and external auditors are pressuring the banks (very effectively) to mark their assets to market.

Without this “pressure” banks’ asset managers would be happy to keep a REO property on their books at a fantasy price (say, whatever the defaulted loan amount was). Over time, as they value their assets at more realistic prices, it becomes easier to sell them because they are not as ridiculously overpriced as only a year ago.

[Author]

Posts