- This topic has 8 replies, 9 voices, and was last updated 18 years ago by waiting hawk.
-
AuthorPosts
-
September 19, 2006 at 6:12 PM #7552September 19, 2006 at 11:13 PM #35917powaysellerParticipant
He’s a typical seller, who prices an asset for what he hopes to get, rather than what the market will bear. To me, this is proof that house sellers are more emotional than rational.
September 19, 2006 at 11:31 PM #35919PerryChaseParticipantMy observation of human nature is that people are emotional about themselves but expect others to be rational. That applies to everything — houses, kids, wives, cars, etc…
September 20, 2006 at 1:33 AM #35922IONEGARMParticipantWhat is funny about the article (and not surprising knowing most realtors) is his “Do as I say, not as I do” attitude.
He clearly doesn’t trust his realtors, they told him his house is too high to start, he lists it high anyways.
They continually tell him to lower his price, he refuses (for over a YEAR!!).
He goes on the record recognizing his mistakes and telling all the other sellers not to mimic his poor judgement, yet he hasn’t lowered his house price!
Here is his house on realtor.com: http://www.realtor.com/Prop/1052217777
All sellers are emulating the NAR President, he hasn’t come to terms with reality, why should they.
September 20, 2006 at 8:47 AM #35930PeaceParticipantThe outside of Nar Pres’ house looks very nice but the pictures of the interior look boring and cheap and disappointing – so the price and inventory selection is what is killing this place.
September 20, 2006 at 9:37 AM #35931no_such_realityParticipantState of the art, circa 1979. And it appears not to have been updated.
That’s a pretty good spin article. He bought it for $49,000 on a high interest loan and today it’s worth $1.45 million. Not. He bought the land for $49,000. Proceeded with construction with another loan… It’s been offered at $1.45 million for year and isn’t sold and much like this article
A $1.65 Million dollar home in Monarch beach need a $500,000 reduction to get sold. Basically, a 25% reduction off of initial wish list price.
September 20, 2006 at 10:02 AM #35934sdrebearParticipant"But, he noted, in his defense: "Who knew last September how long this down trend was going to continue," after so many years of climbing upward?"
Me… < Slowly raising my hand at my desk and looking around. >
🙂
September 20, 2006 at 10:14 AM #35935sdrealtorParticipantGreat Point PerryChase
“My observation of human nature is that people are emotional about themselves but expect others to be rational. That applies to everything — houses, kids, wives, cars, etc…”
I just had a conversation with my Father-in-law about home prices in South Florida. He’s a realtor there. He’s sticking with the “but it’s different here” scenario for FLA, his city, his community, even his floorplan. I had to laugh.
September 20, 2006 at 1:21 PM #35947waiting hawkParticipantDon’t forget to read my review I did last week.
-
AuthorPosts
- You must be logged in to reply to this topic.