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September 24, 2007 at 9:25 PM in reply to: “If you want to sell your house then you list it at the market price and you sell it,” he said. “If you don’t really want to sel #85779
Raybyrnes
ParticipantYou say facts are facts. How do you make the claim of 20 miles in 10 minutes and purport that to be a fact. I don’t know about you but the average person does not drive 120 mph.
I wasn’t negative or disparaging of the area. I thought one of the other posters was fairly on track with the description of it being a fairly middle class blue collar area.
I think the biggest thing that people are calling you out on is a longer commute than the 10 minutes.
Additionally don’t through around comments like facts are facts adn then try to say that is my opinion. Yor are contradicting yourself.
ParticipantLittle Lady
Way too strong of Confirmation Bias that this area is great. People are definitely being generous on commute times. It is tainting your ability to constructively argue your points.
Sounds like you are simply going to defend the area to the very death. I think patientlywaiting has captured my image of Santee fairly well.
ParticipantIf I had family income 250K a year I would be looking at Del sur. Great School sytem. Good Loacation. I like the homes and the people it is attracting (Higher Wage Earner). Biggest Downside I see is the Higher tax Rates and Mello Roos. This is something I have a very challenging time getting accepting.
ParticipantWhat wrong with America? How about a complete lack of respect for authority. How about kids taking Ridlin as opposed to getting a kick in the ass? How about parents who make excuses for why their Johnnie didn’t complete their homework?
ParticipantThe way I see it, 75 and sunny every day. I can sit in an office and get fat doing nothing and pretending I am going to make a sale or I can get out of the office and go for a leisurely walk with a stack of business cards and a smile on my face.
Here is what is funny to me. If everyone thinks that the market is going to implode would that mean that all of those people who had never even thought of selling their house should at least have a conversation with someone about their home value.
ParticipantRude is stating I am not interested and have people badger you.
To me rudeness is getting hit up by every friend you have who moves into sales thinking that becaue you are my buddy I should do busuniess with you.
Rude could be every commercial you see on TV. Rude could be every advertisement you see in the peper.
There are definitely rude people but having someone introduce themself does not threaten me or annoy me more than a commercial on TV provided the person is professional.
ParticipantGoing out and meeting people. Sounds to me like Sales 101.
Some people in this world simply understand that when your in a bar someone has to ask for the first dance.
Sounds to me like this is why during the boom years Real Estate Professionals get to earn their commission because during the tough times they have the joy of dealing with a**holes like JWM.
ParticipantRich
What are your thoughts on a contrarian view of Foreign Investment. BRICS have had a major run up. Euro is flying high. EAFA Index at a high. Overlap that to the S and P or the Russell and one may begin to see value in US companies. Additioally cheap foreign capital has provided a great opportunity for companies to buy back stock at relative discounts. Might the simple play be to continue to invest here in the US. Seems like over the long haul it has proven to be a fairly safe strategy.
ParticipantEX-SD
I went to USD. That is Allen Gin.
ParticipantI don’t think 10% is an out of line offer. You start going 20 to 40% and I think that you need to spend more time researching properties.
I’ll go back to the car anology. Once you have identified a loss leader your work is done. Walking in and thinking you are going to negotiate the price you are demonstrating your ignorance not your intelligence.
Maybe we are arguing the same point. Maybe you are saying you are going to identify a 500K home and try to pick it up for 400K. What I am looking to do is identify the same home that is listed at 415 and pick it up for 400K.
ParticipantI sort of think this is better represented as a finanacial instrament called Beta. In general we can look at the San Diego Market Representing the general market. La Jolla, Del Mar, PB might have a Beta of .75 whereas National City, Temekula, Santee might have a Beta of 1.4. There fore as the market moves these areas with higher Beta will ahve greater swings in pricing as a percentage.
ParticipantThe way I see it, the minute you pick up your property at a 20% discount I can then comp simliar homes and they will come down to the level I am looking at. The person who thought he was buying at a discount really didn’t get that big a discount at all.
How many low ball offers are working? None. I don’t see any homes standing out as dropping 20 % relative to otehr homes bought before or afterwards.
What does work. If you are extremely skillful and can buy a good piece of dirt witha crap house on it and with your swaet and labor can bring that house back to life. That guy can get a 20 % discount because he his going to invest his time bringing that property back to life. How many people can do that. Not me. I tip my hat to those who can.
ParticipantRustico
The BS tactic is going into the buying process and thinking that you are going to look at homes you are interested in and think that you are going to get somewhere offering 50% of what the person is listing at.
Seems to me that this low ball logic is a close cousin to mortgage brokers providing higher than par rate loans. What is wrong with that. They could have done their diligence. They could have continued to shop around.
To me if the market is not where I can comfortably afford to buy I’ll simply wait it out or move elsewhere. I’m not going to go out putting offers together at 50 % the value of the house.
ParticipantWhy is it anything different than trading in your car. They have a sales force that is equipped to sell your house. They are looking to make transactions. Even if they break even they are ahead because they ahve their people working and are employed. Live to fight another day. Doesn’t seem fishy to me.
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