Point Loma reducing a little

[jpinpb]

[quote=]Ok… I’m confused.
How was this not transparent.

Looking at the listing history on redfin.
http://www.redfin.com/CA/San-Diego/3345-Lucinda-St-92106/home/5742637

It was first listed in Jan 2009, delisted the next day – then put back on with a new MLS in Feb 09. rinse and repeat – list/delist… but basically on the market the whole time… until Jan 2010 when it’s marked contingent. That must not have worked – because in Aug 2010 it’s relisted.
Later that month – it’s listed again (7th MLS since Jan 09) at $1,050,000. A couple price changes upward… then it’s contingent in Oct and then Dec 09. It’s relisted Feb 16, 11, with a price change to 1,130,000. 2 days later it’s marked contingent.

It seems like anyone who wanted to make an offer on this could. And that at least 3 offers had occurred previously (3 contingents before the final one.)

How was this not transparent?[/quote]

Exactly. It is a fairly upfront transaction. And yes, I was looking at properties over my price range and making low ball offers. Many that weren’t accepted. But the longer something is on that market (even off and on counts, IMO as for sale) then the greater potential of price reduction and willingness to accept a lower offer.

And BG, I have a story that I will post soon on the kitchen appliances thread along the same line about retail stores negotiating.

Now w/regard to this place selling in today’s market as 900k being fair, the point is not too long ago for similar condition it was fetching much more. People were buying many properties that had problems for way more than it was worth. sdr had clients of his own who overspent during the bubble on a place that had problems from the get-go. But during the bubble when prices were going up, people turned a blind eye to condition and bought whatever they could.

[Scarlett]

[quote=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).[/quote]

I agree with JP and CAR. ANYBODY knows they CAN lowball houses, they might just NOT get it, that’s the only risk. (ok, and maybe pissing off seller and agent(s)).

( I must admit, I didn’t know that you can lowball at superstores like Macys, good for you BG!)

What not all buyers MAY know is that they CAN go through the Listing Agent.

I’ve always looked at 50K above my top dollar (and below).

[Scarlett]

[quote=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).[/quote]

I agree with JP and CAR. ANYBODY knows they CAN lowball houses, they might just NOT get it, that’s the only risk. (ok, and maybe pissing off seller and agent(s)).

( I must admit, I didn’t know that you can lowball at superstores like Macys, good for you BG!)

What not all buyers MAY know is that they CAN go through the Listing Agent.

I’ve always looked at 50K above my top dollar (and below).

[Scarlett]

[quote=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).[/quote]

I agree with JP and CAR. ANYBODY knows they CAN lowball houses, they might just NOT get it, that’s the only risk. (ok, and maybe pissing off seller and agent(s)).

( I must admit, I didn’t know that you can lowball at superstores like Macys, good for you BG!)

What not all buyers MAY know is that they CAN go through the Listing Agent.

I’ve always looked at 50K above my top dollar (and below).

[Scarlett]

[quote=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).[/quote]

I agree with JP and CAR. ANYBODY knows they CAN lowball houses, they might just NOT get it, that’s the only risk. (ok, and maybe pissing off seller and agent(s)).

( I must admit, I didn’t know that you can lowball at superstores like Macys, good for you BG!)

What not all buyers MAY know is that they CAN go through the Listing Agent.

I’ve always looked at 50K above my top dollar (and below).

[Scarlett]

[quote=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).[/quote]

I agree with JP and CAR. ANYBODY knows they CAN lowball houses, they might just NOT get it, that’s the only risk. (ok, and maybe pissing off seller and agent(s)).

( I must admit, I didn’t know that you can lowball at superstores like Macys, good for you BG!)

What not all buyers MAY know is that they CAN go through the Listing Agent.

I’ve always looked at 50K above my top dollar (and below).

[bearishgurl]

Check out all the commercial credits Mosher has here in SD County (especially the UCSD campus bldgs)!

see: http://www.modernsandiego.com/MosherDrew.html

Here are a couple of City documents considering and recommending one of Mosher’s nearby works located at 3250 McCall for an Historical Designation.

http://docs.sandiego.gov/reportstocouncil_attach/2004/04-026%20Atch%203.pdf

http://docs.sandiego.gov/reportstocouncil/2004/04-026.pdf

I find this particular micro area of SD so, so interesting. There really is no other area that compares to it.

[bearishgurl]

Check out all the commercial credits Mosher has here in SD County (especially the UCSD campus bldgs)!

see: http://www.modernsandiego.com/MosherDrew.html

Here are a couple of City documents considering and recommending one of Mosher’s nearby works located at 3250 McCall for an Historical Designation.

http://docs.sandiego.gov/reportstocouncil_attach/2004/04-026%20Atch%203.pdf

http://docs.sandiego.gov/reportstocouncil/2004/04-026.pdf

I find this particular micro area of SD so, so interesting. There really is no other area that compares to it.

[bearishgurl]

Check out all the commercial credits Mosher has here in SD County (especially the UCSD campus bldgs)!

see: http://www.modernsandiego.com/MosherDrew.html

Here are a couple of City documents considering and recommending one of Mosher’s nearby works located at 3250 McCall for an Historical Designation.

http://docs.sandiego.gov/reportstocouncil_attach/2004/04-026%20Atch%203.pdf

http://docs.sandiego.gov/reportstocouncil/2004/04-026.pdf

I find this particular micro area of SD so, so interesting. There really is no other area that compares to it.

[bearishgurl]

Check out all the commercial credits Mosher has here in SD County (especially the UCSD campus bldgs)!

see: http://www.modernsandiego.com/MosherDrew.html

Here are a couple of City documents considering and recommending one of Mosher’s nearby works located at 3250 McCall for an Historical Designation.

http://docs.sandiego.gov/reportstocouncil_attach/2004/04-026%20Atch%203.pdf

http://docs.sandiego.gov/reportstocouncil/2004/04-026.pdf

I find this particular micro area of SD so, so interesting. There really is no other area that compares to it.

[bearishgurl]

Check out all the commercial credits Mosher has here in SD County (especially the UCSD campus bldgs)!

see: http://www.modernsandiego.com/MosherDrew.html

Here are a couple of City documents considering and recommending one of Mosher’s nearby works located at 3250 McCall for an Historical Designation.

http://docs.sandiego.gov/reportstocouncil_attach/2004/04-026%20Atch%203.pdf

http://docs.sandiego.gov/reportstocouncil/2004/04-026.pdf

I find this particular micro area of SD so, so interesting. There really is no other area that compares to it.

[an]

It’s all shades of gray. You can’t logically be pissed w/one scenario w/out being pissed about the other. You gals are just trying to justify low balling AND going straight to the LA to sneak in on the deal. We all know shady agents will push for the offer their representing over other offers, since they can get commissions on both ends. Greed is just human nature. Why would a LA push for other offers instead of the one they’re representing?

Let me ask you one question, if you happen to know the LA and the LA told you that they have a SS that you’d love. They offer to put your offer in at 30% below list price (20-25% below market price) and put the property in contingent state right away. Would you jump on the deal or would your moral stop you from jumping on the deal?

[an]

It’s all shades of gray. You can’t logically be pissed w/one scenario w/out being pissed about the other. You gals are just trying to justify low balling AND going straight to the LA to sneak in on the deal. We all know shady agents will push for the offer their representing over other offers, since they can get commissions on both ends. Greed is just human nature. Why would a LA push for other offers instead of the one they’re representing?

Let me ask you one question, if you happen to know the LA and the LA told you that they have a SS that you’d love. They offer to put your offer in at 30% below list price (20-25% below market price) and put the property in contingent state right away. Would you jump on the deal or would your moral stop you from jumping on the deal?

[an]

It’s all shades of gray. You can’t logically be pissed w/one scenario w/out being pissed about the other. You gals are just trying to justify low balling AND going straight to the LA to sneak in on the deal. We all know shady agents will push for the offer their representing over other offers, since they can get commissions on both ends. Greed is just human nature. Why would a LA push for other offers instead of the one they’re representing?

Let me ask you one question, if you happen to know the LA and the LA told you that they have a SS that you’d love. They offer to put your offer in at 30% below list price (20-25% below market price) and put the property in contingent state right away. Would you jump on the deal or would your moral stop you from jumping on the deal?

[an]

It’s all shades of gray. You can’t logically be pissed w/one scenario w/out being pissed about the other. You gals are just trying to justify low balling AND going straight to the LA to sneak in on the deal. We all know shady agents will push for the offer their representing over other offers, since they can get commissions on both ends. Greed is just human nature. Why would a LA push for other offers instead of the one they’re representing?

Let me ask you one question, if you happen to know the LA and the LA told you that they have a SS that you’d love. They offer to put your offer in at 30% below list price (20-25% below market price) and put the property in contingent state right away. Would you jump on the deal or would your moral stop you from jumping on the deal?

[Author]

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