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September 2, 2015 at 11:01 PM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789113
paramount
ParticipantEpoxy Strength Test:
August 31, 2015 at 12:21 AM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789047Participant[quote=bearishgurl]A first-time buyer (“FTB”) or “former homedebtor in recovery” could possibly get an accepted offer on a single family home in SD County for $350K to $400K. It may be smallish (1000-1400 sf) and may need a little work for habitability, but nonetheless, it is located in SD County vs. RIV County. There is a HUGE difference between the two counties (in the absence of considering age and condition of a SFR listing).
Just sayin ….[/quote]
The answer is simple: school districts. TVUSD was recently ranked as one of the best school districts in California.
#29 Temecula Valley Unified (nerdwallet)
There are relatively few school districts in San Diego county that can compare favorably to TVUSD. And for the ones that do, most can’t afford to live in the district.
It’s the sacrifice parents make to be in a high quality school district like TVUSD.
Not to mention the excellent athletic activities and numerous fields/parks that the city provides.
It’s a big part of the reason I rented my house for $1750 in 3 days.
August 30, 2015 at 9:25 PM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789045Participant[quote=Reality]
Why would anyone use Zillow as a benchmark?[/quote]
Because they have sophisticated algorithms.
August 30, 2015 at 3:02 PM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789033ParticipantAnd as mentioned by another pigg in the past, when the emotion of the bidding settles down and ‘cooler heads’ prevail – how many deals fall apart or never make it through escrow?
What happens when the house doesn’t appraise?
August 30, 2015 at 2:55 PM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789032Participant[quote=scaredyclassic]is this really possible?
if the price is too low, wont the listing attract attention, cause people to bid about what they want to pay.
if the price is too high, wont people think, huh, let me throw a lower offer out there, see what happens.
i mean, is precise pricing really that important? if it is, then why not go lower than one thinks, just to draw attention and let the free market sort it out…
?
seriously would liek to know. theres a house i ride my bike by that was recently ont he market for 600, no seller, then they took it off market, now its over a million.not sure what theyre thinking..[/quote]
Very good question(s). When I listed my property I was well within comps although slightly (5k) higher than the zillow zestimate.
I thought the same thing you did: why not just make an offer. But there was very little traffic.
In general I think pricing needs to be low enough to attract, but high enough to optimize profit. It’s not that easy…you really need to research the comps IMO.
That’s what my realtor failed to do – it was laziness IMO.
August 30, 2015 at 12:14 PM in reply to: Why I FIRED my listing agent: My Listing was a Lemon! #789026Participant[quote=CA renter]If your house isn’t selling in a hot RE market like today’s, there is only ONE reason for it: your price is too high.
Never trust a Realtor to look out for your best interests, and don’t think that having a Realtor absolves you from doing your homework, I don’t care who the Realtor is. You must take charge and know what you are doing.
If you do the above, you can sell your house within a week, or less, if you price it correctly. Heck, ask one of our Pigg Realtors, maybe SDR, if they can help you or recommend someone.
I think you were right to try to sell it right now. This is a fantastic time to sell — you might even manage to sell it at/near a market peak. Not sure why you gave up so quickly and rented it out, instead. Might want to re-think that.
Good luck![/quote]
Thanks CAR for the comments.
I reluctantly decided to re-rent for these reasons:
1. Once the listing price was to high, I felt the listing was botched or as I noted a lemon.
2. I barely had any traffic and the heavy buying season was on it’s way out. If this all would have happened in April I would have kept it on the market knowing we were going into the buying season.
3. The house costs ~2k/month to carry when water, elec, etc..are factored in – maybe a little less. It was critical to get the price right from the start.
4. Given that the listing was a lemon, I wanted to get the property back on the rental market ASAP. After labor day it gets more and more difficult to rent or sell – at least that’s my impression.
I agree I have some responsibility, but I also depend on a realtor to provide competent advice. That didn’t happen.
And yes, this may end up costing even more in the long run. That’s why it’s so critical to hire a competent realtor.
The house is in very good/move-in condition. But it’s essentially a starter home.
First time buyers are a smaller and smaller share of the market – there are many more renters than 1st time buyers.
On top of that, millenial buyers IMO have very unrealistic expectations.
Participant[quote=urbanrealtor]
Complaining about hipster prejudice while talking about how “mi barrio” is real and genuine.
Good stuff.[/quote]
Are you referring to Mi Barrio Famous pizza? It is good stuff; no it’s great!
ParticipantI’d bet by January we’re in recession.
Participant[quote=bearishgurl]
I’m not the only one opposed to any more growth. [/quote]
Many of your comments smack of elitism and a “screw you, I’ve got mine” mentality.
And now you want to attack hard working families already struggling and working hard to stay afloat and keep food on the table while raising a family.
All because you believe we should all follow your life philosophy of not living in “exurb hell”. And if not, we’ll take you to the cleaners…again and again.
Isn’t it also because of a level of disdain for the guys who load up their F150’s and Silverado’s and get on the road at 5AM and WORK all day. No glorious pensions or medical benefits or golden parachute. But then these guys aren’t whiney govt workers either.
Just a life of hard work and struggle. It’s true; for the most part these guys didn’t go to a UC. Or even a lowly CSU.Do they even deserve to live here? I mean if you can’t live near ‘desirable’ coastal california, do you even have a life worth living? How could you?
And now elitists and environmental radicals want to punish these families by making it even harder to keep gas in their tanks.
I think that’s one of the reasons I’d much rather live in Temecula: the trendy/hipster elitist attitude so prevelant in San Diego. At least up here in the valley of the dirt people we keep it real.
Participant[quote=bearishgurl] No one … and I mean NO ONE is “trapped” in exurban hell. [/quote]
Can you please elaborate on what you mean by “exurban hell”?
Participant[quote=moneymaker]It really is crazy to lug around a 3000lb.+ vehicle every where you go. Even my motorcycle is over 600lbs. and only gets 47 mpg.Smaller/lighter vehicles that get better mileage just make more sense.Nothing to do with SB350, just saying![/quote]
My vehicles are more in the 6000lb range and burns lots of fuel. Call it survival of the fittest-that’s what makes sense to me.
Lot’s of aggression and anger on the roads.
To many neanderthals driving around in jacked up trucks.
ParticipantSB350 is nothing less than an attack on the red burbs/suburbs.
ParticipantI was in home depot the other day and there was a line forming to buy ant control stuff.
The shelves were nearly empty and the employees were handing customers ant control spray as they broke down the pallets.
ParticipantExcellent Commentary on todays market by Peter Schiff:
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