Proposal to get prices to come down faster

[Bugs]

Appraisers pay attention to listings and they pay attention to the relationship between listing and selling prices on the closed sales. In an increasing market where sale prices are routinely in excess of the listing prices we tend to value those properties at the leading edge. When the markets are in decline and the listing prices are lower than the sale prices then we go to the edge of that trend as well.

Appraisers know from experience that the market doesn’t move so fast. Buyers always have alternatives and a single conversation with one of the competing brokers will bring your strategy to light. Once a competing broker says there’s been a lot of interest but you guys aren’t really interested in selling then the jig is up.

In order to manipulate a market – which is what you’re talking about here – you’d have to control enough of that market to convey those false expectations. I don’t think it could be done.

[sdrealtor]

I’ve got a great idea. Send me over a couple hundred thousand and I’ll conspire to force all the agents I know to drive down their listing prices. As Bugs said, it probably wont work but it will work for me;)

[sdrealtor]

I’ve got a great idea. Send me over a couple hundred thousand and I’ll conspire to force all the agents I know to drive down their listing prices. As Bugs said, it probably wont work but it will work for me;)

[sdrealtor]

I’ve got a great idea. Send me over a couple hundred thousand and I’ll conspire to force all the agents I know to drive down their listing prices. As Bugs said, it probably wont work but it will work for me;)

[sdrealtor]

I’ve got a great idea. Send me over a couple hundred thousand and I’ll conspire to force all the agents I know to drive down their listing prices. As Bugs said, it probably wont work but it will work for me;)

[sdrealtor]

I’ve got a great idea. Send me over a couple hundred thousand and I’ll conspire to force all the agents I know to drive down their listing prices. As Bugs said, it probably wont work but it will work for me;)

[jpinpb]

I know one listing in UTC which sold to a family member for considerably higher price and a friend I met on another blog told me about a property in which the guy ran the price up by selling it to his wife.

There was so much BS going on to move prices higher. Anything that will help bring it down to reality, I’m up for it.

[jpinpb]

I know one listing in UTC which sold to a family member for considerably higher price and a friend I met on another blog told me about a property in which the guy ran the price up by selling it to his wife.

There was so much BS going on to move prices higher. Anything that will help bring it down to reality, I’m up for it.

[jpinpb]

I know one listing in UTC which sold to a family member for considerably higher price and a friend I met on another blog told me about a property in which the guy ran the price up by selling it to his wife.

There was so much BS going on to move prices higher. Anything that will help bring it down to reality, I’m up for it.

[jpinpb]

I know one listing in UTC which sold to a family member for considerably higher price and a friend I met on another blog told me about a property in which the guy ran the price up by selling it to his wife.

There was so much BS going on to move prices higher. Anything that will help bring it down to reality, I’m up for it.

[jpinpb]

I know one listing in UTC which sold to a family member for considerably higher price and a friend I met on another blog told me about a property in which the guy ran the price up by selling it to his wife.

There was so much BS going on to move prices higher. Anything that will help bring it down to reality, I’m up for it.

[Coronita]

So um. Let get this straight. Let's assume the plan works. The plan is

1) Get a bunch of people to pool together $1 million to buy say 1 house in a nice area.  Ok, assuming you can pool this off.

2) Buy a home for $1million and list it for say $500k.

3) The goal of this plan is to drive home prices in that area down to $500k (say). Ok let's say this works, and prices fall to $500k.

 

What do you now do with your $500k loss? Dollar cost average and buy more homes???? How long will it take to recoup that loss???

I admit though, if it works, it would work out great for others buying in that area….

Heck with that approach, tell you what. You folks pool together and give me $200k cash. I'll list my home with never any intention to sell. Then if the home prices in my block falls to 50%, you guys can come to my block and buy all the other outstanding listings (there's only 1 right now.) Of course, Consider the $200k due to me as insurance on my side. If this   50% drop works, I'm roasting my own house, so I need to be able to be compensated for this somewhat. Of course, if this doesn't work, I get to keep the $200k. Sounds great for me.  Want to try?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

So um. Let get this straight. Let's assume the plan works. The plan is

1) Get a bunch of people to pool together $1 million to buy say 1 house in a nice area.  Ok, assuming you can pool this off.

2) Buy a home for $1million and list it for say $500k.

3) The goal of this plan is to drive home prices in that area down to $500k (say). Ok let's say this works, and prices fall to $500k.

 

What do you now do with your $500k loss? Dollar cost average and buy more homes???? How long will it take to recoup that loss???

I admit though, if it works, it would work out great for others buying in that area….

Heck with that approach, tell you what. You folks pool together and give me $200k cash. I'll list my home with never any intention to sell. Then if the home prices in my block falls to 50%, you guys can come to my block and buy all the other outstanding listings (there's only 1 right now.) Of course, Consider the $200k due to me as insurance on my side. If this   50% drop works, I'm roasting my own house, so I need to be able to be compensated for this somewhat. Of course, if this doesn't work, I get to keep the $200k. Sounds great for me.  Want to try?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

So um. Let get this straight. Let's assume the plan works. The plan is

1) Get a bunch of people to pool together $1 million to buy say 1 house in a nice area.  Ok, assuming you can pool this off.

2) Buy a home for $1million and list it for say $500k.

3) The goal of this plan is to drive home prices in that area down to $500k (say). Ok let's say this works, and prices fall to $500k.

 

What do you now do with your $500k loss? Dollar cost average and buy more homes???? How long will it take to recoup that loss???

I admit though, if it works, it would work out great for others buying in that area….

Heck with that approach, tell you what. You folks pool together and give me $200k cash. I'll list my home with never any intention to sell. Then if the home prices in my block falls to 50%, you guys can come to my block and buy all the other outstanding listings (there's only 1 right now.) Of course, Consider the $200k due to me as insurance on my side. If this   50% drop works, I'm roasting my own house, so I need to be able to be compensated for this somewhat. Of course, if this doesn't work, I get to keep the $200k. Sounds great for me.  Want to try?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

So um. Let get this straight. Let's assume the plan works. The plan is

1) Get a bunch of people to pool together $1 million to buy say 1 house in a nice area.  Ok, assuming you can pool this off.

2) Buy a home for $1million and list it for say $500k.

3) The goal of this plan is to drive home prices in that area down to $500k (say). Ok let's say this works, and prices fall to $500k.

 

What do you now do with your $500k loss? Dollar cost average and buy more homes???? How long will it take to recoup that loss???

I admit though, if it works, it would work out great for others buying in that area….

Heck with that approach, tell you what. You folks pool together and give me $200k cash. I'll list my home with never any intention to sell. Then if the home prices in my block falls to 50%, you guys can come to my block and buy all the other outstanding listings (there's only 1 right now.) Of course, Consider the $200k due to me as insurance on my side. If this   50% drop works, I'm roasting my own house, so I need to be able to be compensated for this somewhat. Of course, if this doesn't work, I get to keep the $200k. Sounds great for me.  Want to try?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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