Cracks in the foundation

We are beginning to lean towards a new tactic- regardless of listing price, we make an offer.

$2,195,000 with 170 days on market? No problem. We will offer you the $1.6 we think it is worth...

Now if only we had an agent willing to comply... I swear I am going to start copying off a set of offers and just pasting in the particulars...

Comments

Anonymous said…
Miss Maria,

I think thats a bad strategy...offering low really pisses off sellers, even if they are out of touch with todays market. I would look into the properties that have'wiggle room', like the houses that have been owned for years and the sellers are not looking to make an unreasonable profit. I find that the sellers who have a lot of equity are not as greedy...you are just looking at houses (maybe) where the sellers have used the house as a piggy bank and don't have enough equity to work with...
April 7, 2008 at 12:41 PM
Terri said…
It might be a bad strategy, but I'm really getting tired of getting into these multiple bidding situations for the three nice houses with fair list prices. What the seller is making for "profit" is not my business. We have needs, wants and a budget. If anything, perhaps if the only offers you get are low, lower and even lower- just perhaps- you might get a clue what the market will bear currently.
April 7, 2008 at 3:17 PM
Post a Comment

Popular posts from this blog

Pointing and laughing

For the people who have screamed out about "catching a falling knife", I hear ya, really I do. But the uncertainty of living in a rental or buying at a (what we consider a reasonable price) greatly reduced (think early 2004) price in a superior school district at 6.5% interest on our loan really influenced our decision. We will be in a neighborhood that we love (even at night) with parks, superior schools and a grocery store within walking distance. The backyard has room for the swingset of doom. The guest room is sufficiently removed from the rest of the house so my mother in law doesn't have to listen to my children at odd hours of the day and night.
Read more

Getting the FBI Background Check

Start now. No really. Even with the expediter ($79.99) and using Livescan to deliver the fingerprints ($39.99) turnaround time to get the FBI letter into my hands was 9 business days. Then Federal Express to Washington DC expediter to get the Apostille (otherwise 6-8 weeks). Arrives at expediter on Monday. Enters system on Tuesday AM, returned to expediter on Friday PM. Federal Express to Cyprus because the documents will not be in my hands before we fly there.  Even with the expeditors on both ends of the transaction, an FBI Background check can take 4 weeks. You cannot "save time" by having your background check sent directly to the expediter in Washington DC to be carried to the counter for the Apostille. They can't accept it. You need it sent to your attorney, who will forward it to you (or directly to the expediter), then to Washington, DC to the Department of State counter, then 3 -5 days later, back to the expediter and on to courier service. So TL;DR Start pro
Read more

Is that the Expo line in your backyard?

Hello 10631 BRADBURY RD , LOS ANGELES 90064 Your newly reduced price of $1,599,000 is truly impressive considering that your lot size is the minimal Cheviot Hills/Rancho Park 6,600 sq ft. Your close cousin on Dunleer Place (with a bigger lot) is now listed at $995,000 and still not moving, so perhaps the value is a touch inflated. Really, how much is it worth to you to have commuter train hurling through your back yard on its way to Santa Monica and back?
Read more