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September 18, 2006 at 5:51 PM in reply to: I cant take it anymore! It’s a TRACT house not a TRACK house #35748
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Participantno_such_reality, I totally agree, 10% is not a low ball offer, regardless of what you’re buying. 10% is just a good start point for negotiation. You never what to put in an offer too high that seller will accept it right away. You can always go up in offer but not down if you start the negotiating process. I would say low ball is 30-50% bellow asking price. Low ball is design to fish around for desperate sellers.
September 18, 2006 at 11:32 AM in reply to: I cant take it anymore! It’s a TRACT house not a TRACK house #35683ParticipantWhile we’re @ it, get your, you’re, their, there, and they’re right.
ParticipantI don’t think 2007 G35 is out yet. However, the reviews sound good. The interior will be all new. The mags say it’s much better than the current gen G35. It will have 306HP and 1/4 mile in high 13s. I think for $36k fully loaded, I think it’s much cheaper than the rest of its competitor. I love my G35c, even after 2 years, it still bring a smile to my face every time I walk to it :-).
ParticipantFormerSanDiegan, I’m glad I wasn’t the only one driving a G35 to compensate. What you describe seems to be the reverse of what has been happening the last few years, where buyers would have to cater to every needs/wants from the sellers. I hear people even writing cover letter begging seller to sell it to them. It will definitely be a glorious day when it’s the other way around.
Participantno_such_reality, you take the words right out of my mouth.
ParticipantI think because I never bought a home before, I might over simplifying things, but I would think that of the sell are desperate enough, they might try to work with you on the price just a little bit more than they would have if they know you’re keeping your options open.
ParticipantI don’t think any will disagree that no two houses are exactly the same. However, I have a question, for you, how would you prioritize which is feature should add more to the home and is that the same as what the seller is thinking? The reason I ask is, lets say two houses is a few house from each other with the same floor plan, so it remove the variable of lot size, house size, and direction the house is facing. Then there are things at sets it apart, one has a pool and granite counter top while the other have hard wood floor, stainless steel appliances and brand new carpet. Which one would you like more and be willing to pay more? I’m almost certain that no house less than a custom home built for you have everything you want.
However, back to the original topic. I don’t see why it’s so wrong for trying to get the best price you can get. To my experience of buying things, you always get lower price when you pit seller together. So, why can’t you do the same for houses?
ParticipantNah, dog food is too expensive for me. Rice and soy sauce everyday for me. Natural diet plan too :).
Participant“I just did an analysis of the cost to purchase a G35 Coupe and discovered that the price of a new G35 coupe has risen by 7.4% over the last 4 years. This is well above inflation and is not sustainable. I think that it will revert to the mean so I’m planning on selling mine now and waiting it out a couple years to buy when the price gets more in line with the underlying fundamentals.”
Wow, really? I should follow you and sell mine too. Or maybe I should hang on to mine and it’ll be worth a bazillion dollar one day. Supply and demand, right? There are Billions of people and only a few thousand coupes :).Participantbalasr, in pure financial sense, yes, it would make more sense to buy a $15k civic. It would make even more sense to buy a $3k used civic. It would also make a lot more financial sense to live in Texas than San Diego as well since houses there are 1/3 the price if not a lot more. The reason why I buy a G35 is the same reason why I want to live in San Diego. I want the best for myself/family for the price I can afford. With that said, I want to live in San Diego and want to drive a sport car because that’s what I want in my life. So I’ll pay a premium for it. But that doesn’t mean I want to pay more for a 330Ci while I can get something cheaper and be 95% just as good. That’s the same as buying a track house that have less option or different options that have less premium.
sdrealtor, my oil change cost me $15 every 3 month or 3000 miles. Sorry but I don’t drive a Ferrari. In regards to fast depreciating asset, I don’t intend to sell this car until it break down 10-15 years from now, so depreciation means nothing to me. I highly doubt cars are the fastest depreciating asset by any stretch of imagination. I can guarantee you the electronics in your house depreciate so much more faster than the fastest depreciating car. To you, $10k-$20k might be small, but to me, it is not. If I think $10-$20k is small, I would have just bought the 300Ci or M3 already. To me, it also doesn’t matter if it’s $5 or $5000, if I can save $5, I would do everything I can to get that discount. Bottom line is, I don’t like to over pay or anything. That doesn’t mean I don’t want nice things, I just want nice things at the best price. We’re also assuming that the owner who has the nicer house would not go lower than the one w/ less attractive house. That might not always be the case.
PerryChase, that’s exactly what I’m saying. I don’t know about others, but the house I can afford to buy are tract homes. So the difference is very small. So I rather save $10k-$20k and do my own remodeling to my own taste rather than pay it up front for upgrades I might not like 100%.
Participant“And of course at that point things do tend to become flacid and atrophy – which goes right along with the new family car! :> So I guess there is a correlation after all!”
Not with a trusty vitamin V :).ParticipantWhat does my car choice have anything to do with my p*nis size? My #1 criteria for my car was RWD and sporty with leather. I would be completely satisfied with a 240SX if they come out w/ a new one. Name me a new RWD 4 seater coupe that’s cheaper than $30k and I’d love to trade for it. So please don’t make any stereotypical comment about me unless you know my criteria for choosing my car. I would still be buying the same car if it cost me $10k. My criteria wasn’t about $ but about RWD sport coupe w/ 4 seat.
In regards to the house, I understand that those factors will affect the value of the house. However, there are also houses that’s 2-3 houses apart, having the same view or lack there of, same floor plan, same lot size, facing the same direction. Right now, I can go on ziprealty and pick out 10 house that I really like and would love to buy if the price is right and they are all in the same price range. Some have feature A,B,C that I like, while other have feature B,C,D, or A,B,D. Of course, if one that has all the features A,B,C,D that I like at the price I’m willing to pay, then that’d be my #1 choice. However, that would probably mean it’s a custom built home. None of the cookie cutter I’ve seen have everything I want.
PS, I agree with you about the upgrades. Everybody have different tastes. So not all upgrades warrant a price premium to all buyers.ParticipantI don’t know about other people but price play a big role in which house I end up choosing. Also, you can’t really say you love one cookie cutter and not love the other. Of course, it it’s an older house or custom house and does not have any other like it around, then you can potentially fall in love with that one and nothing else. With that said, I’d still rather pass on the house I love and buy the house I really really like and save 10-20k. That 10-20k in 20 years could be the difference between my kid going to a great college or a community college. So bottom line is, unless you’re wealthy enough to say you’re willing to burn thousands on a house you really love rather than a house you really like, then so be it. But to me, price is also part of the equation to determine which house I love more. That’s why I decided to buy a G35 over a BMW 330Ci. Sure, I can pay more and get a little bit more, but I rather buy the G35 that is 95% of what the 330Ci is for 25% less.
ParticipantThen how about this scenario, negotiate like a bastard on one, find the lowest they will go, then take that price to the next and see if they’ll beat it, if so, take that to the 3rd and see if they’ll beat it. If not, take it back to the first to see if they’ll beat it. If not, then buy house #2, if yes, then rinse and repeat? How’s that for a strategy?
BTW, you don’t have to let the seller know you’re negotiating w/ other at the same time. I still don’t see why having multiple negotiation at one time not work? -
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