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Seller getting too greedy?
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2014 Jan 24, 4:25am 1,375 views 9 comments
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mfs.admin
2014 Jan 24, 4:35am
Looks like a seller is once again drinking the Kool-Aid....
There is the same thing happening in New York City where I live and I can't wait for the day when the big leg down occurs and the correction phase goes into effect. Hopefully this seller can find an ignorant bag holder before this day occurs...
New Renter
2014 Jan 24, 6:12am
Hopefully this seller can find an ignorant bag holder before this day occurs...
No, hopefully this seller will watch this house sit on the market week after week with not a single non-crank call. Weeks will turn to months. Realtors will quit and not return calls knowing to try to get the sellers price is a complete waste of time.
Or
A pack of uber-rich Chindians will swoop on the offering like a pack of starved hyenas each waving larger fistful's of cash.
Heraclitusstudent
2014 Jan 24, 6:19am
It's not a question of greed: as long as there is an idiot willing to pay for it, you would have to be stupid not to ask for that.
SFace
2014 Jan 24, 6:20am
In 2009, when buyers were making offers @75% of asking (which dominated the message board at that time), did you ask, Are the buyers being too greedy?
Greedy is a universal trait.
MAGA
2014 Jan 24, 6:54am
That's about $170K tops here in San Antonio. Maybe just over $200K in Austin.
Eman
2014 Jan 24, 2:38pm
The same question could be asked for buyer. Is the buyer too greedy? Trying to buy a $1.2M house for $900k?
Good luck to buyers who missed the boat and trying to buy now. Good luck to sellers for trying to sell for top dollars. I believe sellers are selling too early in this housing cycle.
Eman
2014 Jan 24, 2:42pm
LOL 1.2 million to live in Fremont!
I don't know much about Fremont, but based on the asking price, my guess is that house has better schools than any Pacifica school district.
Eman
2014 Jan 24, 2:45pm
Looks like a seller is once again drinking the Kool-Aid....
There is the same thing happening in New York City where I live and I can't wait for the day when the big leg down occurs and the correction phase goes into effect. Hopefully this seller can find an ignorant bag holder before this day occurs...
If the buyer is willing to pay the asking price, who's the one that's drinking the kook-aid? It's too early to tell who's the one drinking the kook-aid.
Looks like in bay area listing price is going up $150k every 6 months. Check out the below link. This kind of house was selling for $900k one and half years ago. This one is listed at almost $1.2m. Not sure about selling price.
I guess selling price won't be too off from listing price right?
http://www.ziprealty.com/property/40188-DOLERITA-AVE-FREMONT-CA-94539/3878587/detail?utm_medium=email&utm_campaign=email&utm_source=zip_notify