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"Sorry... But It's Under Contract"... FUCKING LIARS!
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2012 Jul 23, 6:53am 24,798 views 51 comments
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47
SunnyvaleCA
2023 Nov 10, 12:13am
Out here in silicon valley, it's always a seller's market.
Mortgage rates have risen substantially from historic lows, which would make me think it would hurt sellers and become a buyer's market for the remaining people with loads of cash. But it seems that the high rates make existing home owners loathe to trade up to a better home, since they don't want to trade in a 3% mortgage for a 6% one. So that imbalance remains intact, with fewer buyers being matched by fewer sellers. I guess the only losers are the Realtors™, which makes it a big win for everyone else!
The house a few doors down from me went up for sale 10 months ago then went off market. It went up for sale again just a month ago and had a "sold" sign posted within a week. Can't wait to see the price, as it's an identical house to mine but with a lot of cosmetic improvements.
Mortgage rates have risen substantially from historic lows, which would make me think it would hurt sellers and become a buyer's market for the remaining people with loads of cash. But it seems that the high rates make existing home owners loathe to trade up to a better home, since they don't want to trade in a 3% mortgage for a 6% one. So that imbalance remains intact, with fewer buyers being matched by fewer sellers. I guess the only losers are the Realtors™, which makes it a big win for everyone else!
The house a few doors down from me went up for sale 10 months ago then went off market. It went up for sale again just a month ago and had a "sold" sign posted within a week. Can't wait to see the price, as it's an identical house to mine but with a lot of cosmetic improvements.
48
Patrick
2023 Nov 10, 12:46am
Patrick
2023 Nov 10, 12:46am
I'm seeing more for-sale signs around my bit of Silicon Valley, and they seem to stay up quite a while. Two houses in my neighborhood has been on the market over 50 days each.
49
GNL
2023 Nov 10, 12:57am
GNL
2023 Nov 10, 12:57am
Patrick says
What's the price point?
I'm seeing more for-sale signs around my bit of Silicon Valley, and they seem to stay up quite a while. Two houses in my neighborhood has been on the market over 50 days each.
What's the price point?
50
Onvacation
2023 Nov 10, 12:22pm
Onvacation
2023 Nov 10, 12:22pm
GNL says
On Zillow, there are seven houses in Patrick's area (Millbrae down to Palo Alto) for less than a million dollars.
Here is one:
The same area has 450 houses over a million. Of those, 109 are over $5 million, and 38 are asking over $10 million.
What's the price point?
On Zillow, there are seven houses in Patrick's area (Millbrae down to Palo Alto) for less than a million dollars.
Here is one:
$980,000 3415 La Selva St, San Mateo, CA 94403
2beds 2baths 1,190sqft Est.: $7,097/mo
Townhouse, Built in 1978 1,464 sqft lot
$955,800 Zestimate®
$824/sqft
$435/mo HOA
The same area has 450 houses over a million. Of those, 109 are over $5 million, and 38 are asking over $10 million.
51
GNL
2023 Nov 10, 12:54pm
GNL
2023 Nov 10, 12:54pm
Damn. Actually, I believe mclean Virginia is hitting those numbers also. Or close to it.
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Anything that's EVEN SOMEWHAT a bit reasonably priced... "It's under-contract."....
Every fucking home I call about...
How does that make it a buyers market? It's NOT a buyers market. It's a sellers market!
And the homes are only 1-2 weeks on the fucking market!
If buyers have that many fucking competitors there is no way it is a buyers market. It's time to sell, not buy.
I also suspect that the brokers tell their agents to say it's in contract when it is not because the Broker wants to buy it himself and flip it.
And all of times on redfin along with everywhere else it says that it is not in contract. And the listing even stays active 2 weeks later that they told me it's in contract.
What the fuck is up with this... "It's in-contract" ???? Every fucking time!
Perhaps they are lying and I should mail my offer to the address so the homeowner sees it?