My house is up/2 showings in the first few days

[PerryChase]

little lady, don’t worry…. you’ll sell if you house is realistically priced. There are plenty of suckers out there.

I bought something off of craigslist today. The seller lives in a crappy 1970s 2bd condo that she paid $335k in 1995. She’s trying to unload and break even.

Your house sounds like a real bargain compared to what’s out there. Of course the bargain is relative to the market today.

[SD Realtor]

As usual I agree with Perry. (btw Perry did you buy a home? I was reading that you bought something off of craigslist so I think I incorrectly interpreted that to be a home)

Littlelady, I am sure you take everything on this board with a grain of salt as do I. The very best things you can do are as follows:

1 – Have your realtor keep you updated with the acitivity in your neighborhood. All the actives, pendings, solds, cancelleds, expireds and withdrawns.

2 – Scope out the competition. Go to visit the competitors when they have an open house or even have your realtor show you thier home by setting up an appt.

3 – Make sure you are priced aggressively.

4 – Solicit feedback from those who visited. It is unlikely this will help much but it cannot hurt. If you change the price then make sure your realtor contacts those who came by.

5 – Above all do not panic. It has only been a week.

— I AM a bitter wannabe buyer AND priced out of the neighborhood I want to be in. Some people like to assert thier opinions in harsher manners then others, what can we do right? Anyways if you stay on top of things and work closely with your realtor your house will indeed sell. While there are ALOT of lookers out there I can tell you there are bonafide buyers out there as well. Why? I have no clue but they are there. I do not personally have any looking in Santee but I have a few, sdrealtor does as well, and it wouldn’t surprise me if other realtors who post here don’t have them.

Am I saying the market isn’t going to go down, of course not. I am saying that if you be proactive and keep doing your diligence to make your home the best deal (be it price, showability, condition, etc) out of the competitors, it will sell.

[lendingbubblecontinues]

Wrong.

Panic.

LBC

[little lady]

Thanks Sd Realtor, again I appreciate your input. I know everyone(including myself) is bitter about the housing prices around here. I for one am worried about the next generation- my kids- an their shot at the “American Dream”.

My realtor told me lenders are doing things differently. It doesn’t make sense to me but he said they are taking one income JUST for the house payment alone and whatever else they make… I didn’t understand this, but that meant to me my kids will have to be 2 a income family or there will be no home of their OWN. I can’t see how this can last.

“4 – Solicit feedback from those who visited. It is unlikely this will help much but it cannot hurt. If you change the price then make sure your realtor contacts those who came by. ”

That’s funny you say that because my agent is very repetitive about that he’ll “be calling on Thursday” with this very information. I kinda joke with my husband about it(him saying it over and over).

[PerryChase]

sd realtor, no i didn’t buy a home (are you kiddin’ me, pal? :)).

I bought a piece of furniture for my backyard off of Craigslist and I had to go pick it up at a Mission Valley condo. Of course, I did an sdlookup on the condo to see how deep in debt the owner is. Turns out that she bought is at the peak in 2005. I kind of feel sorry for her because she’s selling her furniture and moving. I don’t think she can afford the place anymore. I see a big loss on the horizon.

little lady, one my friends sold his old crappy house for $535k recently. I thought that he would never sell and chase the market down. Well, he proved me wrong. Price your house very competitively but don’t leave any money on the table. Best of luck to you.

[BuyerWillEPB]

I’m actually one of those “bitter renters” you hear about. I went back to school awhile back with the intention of 1. graduating 2. getting decent job 3. staying in San Diego, I love it here (used to anyway).

By the time I finished my degree at UCSD, and got a fairly good job, I found out I was completely priced out. I did all the “right” things. I got the degree, paid off all the student loans, got a decent job, carry no credit card debt, rent the same “college” apartment, and still drive the same beater car that carried me through the college years. And I still can’t even come close to affording (forget the ARMs) an average house in SD.

Yeah, I’m bitter.

Very soon I will give up and take one of those jobs in Kansas or something.

[PerryChase]

BuyerwillEPB, you’re supposed to get married first. It takes 2 incomes to afford a house in SD.

[little lady]

BuyerwillEPB

Hang in there, you know it may never be as cheap as you may like but it has GOT to get better than what it is.

I don’t know how old you are but, back in ’94 it was about 900$ a month to rent a house in my area. When we bought our house our payment (with taxes) was I think about $1100(it was a very small house too, cheaper than most). That seemed like ALOT of money to us. Now rents here are averaging about twice they were, but if you can afford rent than if/when this market corrects you will find a home.

[Author]

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