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sdrealtor
ParticipantDocteur,
Nice hood if you’re on the canyon.ParticipantPK,
Respectfully, the median price figures are a sham. I can think of a few sellers around me that are losing over $100,000 on homes they bought last year. REAL PRICE DROPS have arrived!Participantsame here
ParticipantNot sure where you were going with this but making a brief joke is hardly a whole host of transgressions. My character is fine, in fact people tell me I am quite the chgaracter in real life. I like to inject humor in my life and see no harm in it as long as I’m not hurting any one. The jokes were harmless and apreciated by a couple fellow posters, thats all. Your request only extended the off topic discussion when it was already time to move on…
ParticipantI give my clients the same advice today that I did 4 years. Buy what you can afford comfortably, finance conservatively, buy something you will be happy with for at least 5 years and buy something that will be relatively easy to sell in a good or bad market (i.e. no power lines, no busy roads behind, no tiny yards, nice floorplan, good location etc.)
ParticipantIt’s a marketing gimmick to increase interest in a property. Lets say you have a house worth 525K in a rising market. When you price it at 499 to 550, it turns up in searches up to 500 and the seller hopes the people at the lower end will stretch. It also built in cushion when the market was rapidly increasing for overbidding. Now it is used when the seller thinks their house is worth 525 to 550 but the agent things more like 500. Personally, I think it confuses the hell out of buyers.
ParticipantDifferent types of buyers than most with different agendas. Wealthy individuals that want to be here not where they are. Well aware of the risks and are willing to buy at a fair price in the current market. Certainly more the exception than the rule.
Its not my job to make the buy or not buy decision. If they want to buy that is their decision. My job is to help them fulfill their wishes not to convince them one way or the other. Similarly when prices were heading up 4 years, it was not my job to knock on the doors of apartments to tell renters that they should buy at all costs because it was the opportunity of a lifetime to make easy money.
Participanttime to move on
ParticipantI have several buyers ready, able and willing to buy. They are looking for a fair price in line with most recent comps. We have written offers on great but overpriced properties (about 10% above comps) and sellers refuse to budge. Time is on my buyers side, they know it and they can/will wait. It’s a one man sample and I dont know if other Realtors have clients waiting like me.
ParticipantI didnt start it, it was a one time infraction and I accepted the slap on the wrist. Time to move on…
ParticipantSorry, I knew that I was breaking my own rule but couldnt resist and apologized in advance.
ParticipantIt’s currently off the market and I dont know what is going on. My guess is that eventually it will get foreclosed upon. However, it looks like I was pretty much on target with my assessment of things over there. Those looking for a dramtaic crash to 500K have been sadly disappointed.
There are currently 12 homes on the market in the tract and there 2 more that are in escrow. In the last 60 days 4 homes have closed escrow with prices of $580,000, $590,000, $595,000 and $597,500.
The pricing of the homes on the market suggests the sellers are looking to get $575 to $600K. The pricing of the homes in escrow suggest they got between $550K and $575K. These sellers stepped to the front of the line (i.e. reduced price just a tad below the others and got theirs sold). The others are holding the line abover $575K and eventually others will step forward and sell at slightly lower levels.
UPDATE:
One of the pendings just closed. Asking price was 549 to 569 and it closed for 547.ParticipantSorry to hijack the thread for a moment but Phil Hendrie will be sadly missed on the airwaves by this realtor. He is a comic genius. I listened to him for several months before finding out what was going on. When I told a friend who listened also he didnt beleive me until I proved it. An amazing talent, I tried to switch between voices like him as a test and my voice hurt after 30 seconds
Dont forget:
“Sessy” Chris Norris
Roland Scwhinn
and the other characters who names escape me (preteen boy,vigilante guy, old black woman etc.)Hilarious!!!
Participantexactly
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