So we looked at a house / Realtors are tools
invite response
2012 Feb 16, 12:58am 40,118 views 84 comments
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Here's another one. Sad but true.
My Realturd neighbor was bragging about how little she paid for her house. She was the listing agent who of course advised the seller what the asking price should be. Her husband was the shill buyer. I am sure this is not legal so was surprised she was bragging about it.
Bigsby
2012 Feb 18, 7:21pm
My house, my car. IF you don't own none of it someone else does. Whats the point of going on. If every GD thing you own is financed?
Yeah, that's the other thing I battle with. I'm free/clear - nothing in my life is financed. The thought of mortgaging a place just irks me - but the thought of dumping a handful of cash on a place we're not thrilled about bothers me equally.
Understand that we're renting now - so yes, $1600/mo of my income goes to a property management company. But, I'm liquid, can move at the drop of a dime, and can pursue any opportunity that comes up.
Ahhh, the endless possibilities.
You haven't said how that place compares to your current rental. It certainly sounds like the monthly nut would be a fair bit less than your current rent.
joshuatrio
2012 Feb 19, 6:20am
You haven't said how that place compares to your current rental. It certainly sounds like the monthly nut would be a fair bit less than your current rent.
My current place is a little bit bigger, and a little bit nicer - as in it doesn't need to be updated.
It's pretty close to an apples to apples comparison, but we are in a two story right now - and the place referenced is a single story. My wife prefers two story.
The only advantage of that place is that it has a two car garage, where we only have one now.
Bigsby
2012 Feb 19, 9:54am
You haven't said how that place compares to your current rental. It certainly sounds like the monthly nut would be a fair bit less than your current rent.
My current place is a little bit bigger, and a little bit nicer - as in it doesn't need to be updated.
It's pretty close to an apples to apples comparison, but we are in a two story right now - and the place referenced is a single story. My wife prefers two story.
The only advantage of that place is that it has a two car garage, where we only have one now.
If you offer $140-150k, then that looks like a pretty decent buy for this part of the world (unless it is a complete and utter wreck) - I can easily imagine that place was the better part of $500k at the peak of the market. Amazing.
zzyzzx
2012 Feb 20, 3:29am
I think this should work: http://www.weichert.com/32358695/?cityid=35948&ptypeid=32
It works now, but I don't see a big market for a house that big unless it's used for something other than a house for a single family. Even a multigenerational extended family could live there and there would still be extra space.
You bond guys must be crazy? Have you not heard of mf global?
They will gut that account overnight if they feel like it and will get of
The hook just like cocaine. Hide what you have and trust no bank.
JodyChunder
2012 Feb 23, 9:40pm
You bond guys must be crazy? Have you not heard of mf global?
They will gut that account overnight if they feel like it and will get of
The hook just like cocaine. Hide what you have and trust no bank.
I have noticed a lot more mattress factories springing up.
Get it? Springing up. . . .
JodyChunder says
I have noticed a lot more mattress factories springing up.
My savings is denominated in $2 bills, rolled up in Mason jars and buried in our victory garden out back.
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We looked at a house about 3 weeks ago - the asking was $164,000 - short sale.
It was def. on the smaller side, but way cheap for our area and in a decent neighborhood. HOA was $160/mo which we thought was reasonable. Def. rental potential, and we thought it couldn't hurt to look....
Soooo, my wife called the listing agent, and before she could really get two words out of her mouth, the agent says, "we have 5 offers, so if you want the house, you need to make an offer." My wife politely tells her we just want to look at it - listing agent agrees, and sends one of her tool friend/agents to show us the house the next day.
The agent who showed us the property, easily could have been my mother (she had like 30 years on me), but spoke down to me as if she had the ball in her court. What was even funnier was that she drove up in her decked out Cadillac ... 22" chrome ghetto wheels....
SARCASTICALLY she said "we have 3 offers on it - would you like to make one, and who will you be financing with?" (Funny how the number of offers on the property changes, depending on who you talked to...)
I politely said "we will not be financing - if we make an offer, it will be all cash." Immediately her tone of voice changed with me and she went from "mom-mode" to "best friend." Almost begging us to place an offer, because the place was going to sell "ANY SECOND." Anyhow, we thanked her - but told her the place was too small for us.
Three weeks later - after the house should have sold, we get a call from the listing agent, almost begging us to put in an offer. Apparently, they had ONE offer, all cash, for $160k - but upon inspection, the place needed $10k in termite work - and the buyers backed out.
Anyhow, buyers may be playing hardball. A place like this would have sold immediately last year, but here we are, good price, good location, one month on the market, and it didn't sell yet.
Good change buyers may be demanding more and/or are not putting up with the Realtors BS anymore.
Thought I'd share...
#housing