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temeculaguy
Participantocrenter, I was going to say the same thing, but it’s your thunder, btw, thanks for the props with the reference on your blog, I’m famous now.
Participantocrenter, I was going to say the same thing, but it’s your thunder, btw, thanks for the props with the reference on your blog, I’m famous now.
Participantocrenter, I was going to say the same thing, but it’s your thunder, btw, thanks for the props with the reference on your blog, I’m famous now.
ParticipantIt may fool someone, can’t hurt, personally I only looked at resales that had been on the market a while, with many price reductions or repos on the market one day. Buyers are not fooled by real estate these days, a saavy buyer might want to wait it out until it gets reduced, leaving it up and showing the reductions lets them know it’s been allowed to run it’s course. Desperation is the new black. Out in so cal land, things have dropped about 100 grand since you pondered why your house wasn’t selling, it is now to the point that someone can relocate from Oklahoma to Southern California in order to get a cheaper house.
I found part 1 of your saga, in August I told it was worth 225k. I’m afraid you are dropping too little too late, a 10% drop puts you at 270k, if the comps dropped 10% you are still above the market, what does your realtor say? Why isn’t anyone bidding?
http://piggington.com/selling_my_house_part_1
I’d don’t have the energy to run the comps again but I’m guessing real estate didn’t go up over the last five months there.
If you drop the price every 30 days by 5%, guess what, you will find what it is worth, not to you, but to a buyer.
Thinking DOM is the problem is just distracting yourself from the real problem, people buy on price and payment. Do you really think some couple shopping for a house is going to have this conversation:
Husband: “Hey babe, this house is nice and it is priced well, plus they just lowered the price 50 grand.”
Wife: “No hun, it’s been on the market for 200 days, lets buy the one up the street for 50 grand more because it was just listed, who needs 50 grand, I wan’t a fresh listing.”
If you need it gone, go agressive, be the most competatively priced one within a mile radius or you could ignore the advice and hope the economy turns around after the holidays, but I’m doubting that.
I can’t remember but were you looking to relocate to another town, odds are the prices fell there as well so losing money on the sale will be rewarded with a lower price on the buy, just pay less wherever you are going.
ParticipantIt may fool someone, can’t hurt, personally I only looked at resales that had been on the market a while, with many price reductions or repos on the market one day. Buyers are not fooled by real estate these days, a saavy buyer might want to wait it out until it gets reduced, leaving it up and showing the reductions lets them know it’s been allowed to run it’s course. Desperation is the new black. Out in so cal land, things have dropped about 100 grand since you pondered why your house wasn’t selling, it is now to the point that someone can relocate from Oklahoma to Southern California in order to get a cheaper house.
I found part 1 of your saga, in August I told it was worth 225k. I’m afraid you are dropping too little too late, a 10% drop puts you at 270k, if the comps dropped 10% you are still above the market, what does your realtor say? Why isn’t anyone bidding?
http://piggington.com/selling_my_house_part_1
I’d don’t have the energy to run the comps again but I’m guessing real estate didn’t go up over the last five months there.
If you drop the price every 30 days by 5%, guess what, you will find what it is worth, not to you, but to a buyer.
Thinking DOM is the problem is just distracting yourself from the real problem, people buy on price and payment. Do you really think some couple shopping for a house is going to have this conversation:
Husband: “Hey babe, this house is nice and it is priced well, plus they just lowered the price 50 grand.”
Wife: “No hun, it’s been on the market for 200 days, lets buy the one up the street for 50 grand more because it was just listed, who needs 50 grand, I wan’t a fresh listing.”
If you need it gone, go agressive, be the most competatively priced one within a mile radius or you could ignore the advice and hope the economy turns around after the holidays, but I’m doubting that.
I can’t remember but were you looking to relocate to another town, odds are the prices fell there as well so losing money on the sale will be rewarded with a lower price on the buy, just pay less wherever you are going.
ParticipantIt may fool someone, can’t hurt, personally I only looked at resales that had been on the market a while, with many price reductions or repos on the market one day. Buyers are not fooled by real estate these days, a saavy buyer might want to wait it out until it gets reduced, leaving it up and showing the reductions lets them know it’s been allowed to run it’s course. Desperation is the new black. Out in so cal land, things have dropped about 100 grand since you pondered why your house wasn’t selling, it is now to the point that someone can relocate from Oklahoma to Southern California in order to get a cheaper house.
I found part 1 of your saga, in August I told it was worth 225k. I’m afraid you are dropping too little too late, a 10% drop puts you at 270k, if the comps dropped 10% you are still above the market, what does your realtor say? Why isn’t anyone bidding?
http://piggington.com/selling_my_house_part_1
I’d don’t have the energy to run the comps again but I’m guessing real estate didn’t go up over the last five months there.
If you drop the price every 30 days by 5%, guess what, you will find what it is worth, not to you, but to a buyer.
Thinking DOM is the problem is just distracting yourself from the real problem, people buy on price and payment. Do you really think some couple shopping for a house is going to have this conversation:
Husband: “Hey babe, this house is nice and it is priced well, plus they just lowered the price 50 grand.”
Wife: “No hun, it’s been on the market for 200 days, lets buy the one up the street for 50 grand more because it was just listed, who needs 50 grand, I wan’t a fresh listing.”
If you need it gone, go agressive, be the most competatively priced one within a mile radius or you could ignore the advice and hope the economy turns around after the holidays, but I’m doubting that.
I can’t remember but were you looking to relocate to another town, odds are the prices fell there as well so losing money on the sale will be rewarded with a lower price on the buy, just pay less wherever you are going.
ParticipantIt may fool someone, can’t hurt, personally I only looked at resales that had been on the market a while, with many price reductions or repos on the market one day. Buyers are not fooled by real estate these days, a saavy buyer might want to wait it out until it gets reduced, leaving it up and showing the reductions lets them know it’s been allowed to run it’s course. Desperation is the new black. Out in so cal land, things have dropped about 100 grand since you pondered why your house wasn’t selling, it is now to the point that someone can relocate from Oklahoma to Southern California in order to get a cheaper house.
I found part 1 of your saga, in August I told it was worth 225k. I’m afraid you are dropping too little too late, a 10% drop puts you at 270k, if the comps dropped 10% you are still above the market, what does your realtor say? Why isn’t anyone bidding?
http://piggington.com/selling_my_house_part_1
I’d don’t have the energy to run the comps again but I’m guessing real estate didn’t go up over the last five months there.
If you drop the price every 30 days by 5%, guess what, you will find what it is worth, not to you, but to a buyer.
Thinking DOM is the problem is just distracting yourself from the real problem, people buy on price and payment. Do you really think some couple shopping for a house is going to have this conversation:
Husband: “Hey babe, this house is nice and it is priced well, plus they just lowered the price 50 grand.”
Wife: “No hun, it’s been on the market for 200 days, lets buy the one up the street for 50 grand more because it was just listed, who needs 50 grand, I wan’t a fresh listing.”
If you need it gone, go agressive, be the most competatively priced one within a mile radius or you could ignore the advice and hope the economy turns around after the holidays, but I’m doubting that.
I can’t remember but were you looking to relocate to another town, odds are the prices fell there as well so losing money on the sale will be rewarded with a lower price on the buy, just pay less wherever you are going.
ParticipantIt may fool someone, can’t hurt, personally I only looked at resales that had been on the market a while, with many price reductions or repos on the market one day. Buyers are not fooled by real estate these days, a saavy buyer might want to wait it out until it gets reduced, leaving it up and showing the reductions lets them know it’s been allowed to run it’s course. Desperation is the new black. Out in so cal land, things have dropped about 100 grand since you pondered why your house wasn’t selling, it is now to the point that someone can relocate from Oklahoma to Southern California in order to get a cheaper house.
I found part 1 of your saga, in August I told it was worth 225k. I’m afraid you are dropping too little too late, a 10% drop puts you at 270k, if the comps dropped 10% you are still above the market, what does your realtor say? Why isn’t anyone bidding?
http://piggington.com/selling_my_house_part_1
I’d don’t have the energy to run the comps again but I’m guessing real estate didn’t go up over the last five months there.
If you drop the price every 30 days by 5%, guess what, you will find what it is worth, not to you, but to a buyer.
Thinking DOM is the problem is just distracting yourself from the real problem, people buy on price and payment. Do you really think some couple shopping for a house is going to have this conversation:
Husband: “Hey babe, this house is nice and it is priced well, plus they just lowered the price 50 grand.”
Wife: “No hun, it’s been on the market for 200 days, lets buy the one up the street for 50 grand more because it was just listed, who needs 50 grand, I wan’t a fresh listing.”
If you need it gone, go agressive, be the most competatively priced one within a mile radius or you could ignore the advice and hope the economy turns around after the holidays, but I’m doubting that.
I can’t remember but were you looking to relocate to another town, odds are the prices fell there as well so losing money on the sale will be rewarded with a lower price on the buy, just pay less wherever you are going.
ParticipantAnother wawanesa plug, had a claim a few years back and they blew away past insurers (state farm, mercury) First off it’s cheap and i like how you get a menu of how much more or how much less each level of each category is.
So the one claim that stands out, had a typical window smash, stereo theft incident. Drove the car to work the next day, called wawanesa, they sent a mobile window guy and a mobile stereo guy to my work that day, I didn’t even have to meet them in the parking lot, I stayed inside. came out at 5 p.m., window was replaced, car was vaccumed of broken glass, new stereo and new dash piece was in place and worked, my only inconvenience or knowledge that anything had happend was that I had to set the clock since they didn’t have an ignition key. That is what I want in an insurance company, no estimates, no taking to some service center, no adjustor, just one phone call and all they needed to know was where the car was parked.
The new stereo was also much nicer. The guy on the phone asked if I wanted the factory cassette player that was stolen or for the same cost to them they would put in a cd player (which was a big deal at the time). he explained that dealer stereos are overpriced, that i had the option of having a high end brand cd player or the exact dealer brand casette, that it cost them the same and they had no preference other than my happiness, so I went with the cd.
ParticipantAnother wawanesa plug, had a claim a few years back and they blew away past insurers (state farm, mercury) First off it’s cheap and i like how you get a menu of how much more or how much less each level of each category is.
So the one claim that stands out, had a typical window smash, stereo theft incident. Drove the car to work the next day, called wawanesa, they sent a mobile window guy and a mobile stereo guy to my work that day, I didn’t even have to meet them in the parking lot, I stayed inside. came out at 5 p.m., window was replaced, car was vaccumed of broken glass, new stereo and new dash piece was in place and worked, my only inconvenience or knowledge that anything had happend was that I had to set the clock since they didn’t have an ignition key. That is what I want in an insurance company, no estimates, no taking to some service center, no adjustor, just one phone call and all they needed to know was where the car was parked.
The new stereo was also much nicer. The guy on the phone asked if I wanted the factory cassette player that was stolen or for the same cost to them they would put in a cd player (which was a big deal at the time). he explained that dealer stereos are overpriced, that i had the option of having a high end brand cd player or the exact dealer brand casette, that it cost them the same and they had no preference other than my happiness, so I went with the cd.
ParticipantAnother wawanesa plug, had a claim a few years back and they blew away past insurers (state farm, mercury) First off it’s cheap and i like how you get a menu of how much more or how much less each level of each category is.
So the one claim that stands out, had a typical window smash, stereo theft incident. Drove the car to work the next day, called wawanesa, they sent a mobile window guy and a mobile stereo guy to my work that day, I didn’t even have to meet them in the parking lot, I stayed inside. came out at 5 p.m., window was replaced, car was vaccumed of broken glass, new stereo and new dash piece was in place and worked, my only inconvenience or knowledge that anything had happend was that I had to set the clock since they didn’t have an ignition key. That is what I want in an insurance company, no estimates, no taking to some service center, no adjustor, just one phone call and all they needed to know was where the car was parked.
The new stereo was also much nicer. The guy on the phone asked if I wanted the factory cassette player that was stolen or for the same cost to them they would put in a cd player (which was a big deal at the time). he explained that dealer stereos are overpriced, that i had the option of having a high end brand cd player or the exact dealer brand casette, that it cost them the same and they had no preference other than my happiness, so I went with the cd.
ParticipantAnother wawanesa plug, had a claim a few years back and they blew away past insurers (state farm, mercury) First off it’s cheap and i like how you get a menu of how much more or how much less each level of each category is.
So the one claim that stands out, had a typical window smash, stereo theft incident. Drove the car to work the next day, called wawanesa, they sent a mobile window guy and a mobile stereo guy to my work that day, I didn’t even have to meet them in the parking lot, I stayed inside. came out at 5 p.m., window was replaced, car was vaccumed of broken glass, new stereo and new dash piece was in place and worked, my only inconvenience or knowledge that anything had happend was that I had to set the clock since they didn’t have an ignition key. That is what I want in an insurance company, no estimates, no taking to some service center, no adjustor, just one phone call and all they needed to know was where the car was parked.
The new stereo was also much nicer. The guy on the phone asked if I wanted the factory cassette player that was stolen or for the same cost to them they would put in a cd player (which was a big deal at the time). he explained that dealer stereos are overpriced, that i had the option of having a high end brand cd player or the exact dealer brand casette, that it cost them the same and they had no preference other than my happiness, so I went with the cd.
ParticipantAnother wawanesa plug, had a claim a few years back and they blew away past insurers (state farm, mercury) First off it’s cheap and i like how you get a menu of how much more or how much less each level of each category is.
So the one claim that stands out, had a typical window smash, stereo theft incident. Drove the car to work the next day, called wawanesa, they sent a mobile window guy and a mobile stereo guy to my work that day, I didn’t even have to meet them in the parking lot, I stayed inside. came out at 5 p.m., window was replaced, car was vaccumed of broken glass, new stereo and new dash piece was in place and worked, my only inconvenience or knowledge that anything had happend was that I had to set the clock since they didn’t have an ignition key. That is what I want in an insurance company, no estimates, no taking to some service center, no adjustor, just one phone call and all they needed to know was where the car was parked.
The new stereo was also much nicer. The guy on the phone asked if I wanted the factory cassette player that was stolen or for the same cost to them they would put in a cd player (which was a big deal at the time). he explained that dealer stereos are overpriced, that i had the option of having a high end brand cd player or the exact dealer brand casette, that it cost them the same and they had no preference other than my happiness, so I went with the cd.
Participantthat’s because buyers are pricing in the taxes, people buy on payment as much as price, I did. I’m gonna pay hefty mello roos (once again not all are mello roos, some are cfd, some infrastructure bond service, some landscape maintenance, some trash service, some voter approved school crap, but it’s the same thing effectively, fixed taxes above the 1%). My tab was 1k a year fixed fees higher than the other development I was considering and $100 a month is about 17k in price differential. If I pay 17k less for the house than in the neighboring development, then it’s a wash in my monthly payment. He could pay 100k more and have pure 1% taxes but it would actually cost him more monthly, so the market finds it’s equilibrium. If his choice is to pay 250k and have 3k in mello roos or 350k and no mello roos, then take the taxes, if prices are equal, go with the lower taxes, point is, don’t get hung up on the taxes, look at the bottom line, what is the “true cost” it’s just math, it’s not subjective.
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