Point Loma reducing a little

[sdrealtor]

Thats fine but most buyers arent like you. I said home’s listed between 600K and 900K were the sweet spot. Most buyers arent looking at properties 20 to 30% above their price range.

When you bought your house were you making offers for 400K on 650K homes? I dont think so.

[sdrealtor]

Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.

[sdrealtor]

Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.

[sdrealtor]

Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.

[sdrealtor]

Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.

[sdrealtor]

Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.

[jpinpb]

I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.

[jpinpb]

I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.

[jpinpb]

I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.

[jpinpb]

I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.

[jpinpb]

I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.

[CA renter]

[quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).

[CA renter]

[quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).

[CA renter]

[quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).

[CA renter]

[quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).

[Author]

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