Redwood City, CA
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In United States
Registered Nov 11, 2008
millerdoggy's most recent comments:
- On 18 Nov 2012
Buying a home in California with tenants on a lease,
Thanks for the reply, Roberto. After posting I stumbled across a pdf from the California Department of Consumer Affairs that seemed to say just that. Oh well. I don't like the house enough, nor will it be a screaming deal to feel like becoming a landlord for 9 months. I'm curious about the timing of the sale though. Trying to capitalize on a big seller's market, desperate, whatever - seems like selling the house with tenants under lease for 9 more months really limits the pool of likely buyers.
- On 16 Sep 2010
House "Hunters" Or Freshly Killed Prey?,
The thing is, if you do the math, it doesn’t make much sense for the agent to lie about full-price offers. Let’s say you lowball and get the house for $50k under asking. The agent loses out on $1250 (half of the 5% assuming a 50/50 split with the listing agent) and probably a lot less goes in his/her pocket after giving up the office’s cut. However, if you keep moving on to the next house because you’re not willing to make a full-price offer, the agent’s going to spend a lot more time with you and that could have been spent with another client making another commission. If I were an agent, I’d want to get you to buy spending as little of my time as possible.
I'd agree and say it doesn't make much sense based on the math IF the realtor didn't have the opportunity or skill to read their mark (err, homebuyer) before lying. Most of the people I've observed on the show (my wife frequently watches it - I only pass through the room, I swear :) are either utter fools, or the show is edited to make it seem as though they are. When I've watch a realtor throw the "multiple offers at listing price" thing out there, everyone seems to buy it hook, line and sinker. If I were a realtor, I might not try to game everybody, but if they were as clueless as these people seem, I'd certainly try once or twice.
- On 24 Aug 2010
501 Spring St, Redwood City, CA 94063,
Well, at long last, this house is vacant. I noticed a lot of strange behavior in recent days, and last night, the former owner gutted the property and moved out. It never went on the market and sold to an investor on 5/28 and last night, the guy and his buddies took everything and moved out. Doors, cabinets, electrical outlets and the toilet - all gone. A lot of trash left behind. The new owner has some work to do before flipping it. Sucks for him - he sounds like a really nice guy.