I think it must be something about the profession that causes the unease… I started a FSBO newspaper a while back in a town my husband and I lived in briefly. We hadnt owned our home long and all the profit of the sale would have gone straight to a realtor. We were a young new couple (with baby) and I wanted to preserve our meager profits. I thought, ‘If only there were an auto-trader-type for homes.’ (Turns out there were similar businesses elsewhere in the country, just not where we were. This was pre-internet). So, I called all the other FSBO in the regular newspaper, went and took photos, and had my first paper out in 30 days. The local realtors went bananas!!!!!! Phone calls, rude looks at the grocery stores… Luckily I was VERY young, and they really couldnt do too much damage to me personally. I let it roll off (and i was moving anyway). Still, life lesson learned… dont mess with the realtors!
Incidentally i sold my house immediately, and also the business soon after!!! it is still in operation today, a more than a decade later.
Sorry to hear you made the wrong choices when selecting agents and you are correct that many are not “decent agents”
As for the B-E-L-I-E-V-E comment, that was poking fun to to your post that PS was gone forever. This blog is too much a part of her life to walk away from. She’s back and I think its a good thing as she adds value.
Lostkitty, I decided to ignore fellows who stray from the manners of a gentleman. I decide to limit my comments and replies to posts showing thought, intelligence, insight, or questions. This simple action will keep this forum elevated, if we can all do so. I prefer the company of gentleman, don’t you?
Just because someone says it is 67% overvalued doesn’t mean it is. Lots of economists also say we are going to have a soft landing. Are you a thief convincing others the market is 67% overvalued when in fact the market will be flat for several years, according to many other sources?
Actually you are right. I’ve even seen reports which say it is as much as 70% overvalued. Perhaps is is only 65% overvalued. I am not going to argue down to the last digit. The fact is that it is extremely overvalued. No one can argue that point, except for realtors. This market is not based in any kind of realty whatsoever. It is not in line with the increase in income, it is not in line with the possible rental value of a property, less than 10% of people can even afford a “median” priced home, even the city istelf has been on the verge of bankruptcy. The only people hoping for that soft landing are probably home owners and thieves and realtors and of course David Lereah. Take a look on the latest article from this website, “Good Luck With That Soft Landing”. It’s not a very likely scenario.
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