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16
ch_tah2
@
2009 Jul 8, 7:28am
pkennedy I agree with you but for some reason they choose $0 rather than put in a little effort to make something. The whole NAR is built this way. For a year they chose to tell people to wait out the downturn, next year will be better. That took a bunch of sellers off the market which resulted in less sales meaning less money for the agents. They aren't a logical bunch.
17
sfbubblebuyer
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2009 Jul 8, 7:51am
sfbubblebuyer
@
2009 Jul 8, 7:51am
Yah, Realiartors aren't known for saying "Get out while the gettin's good!"
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So I started interviewing agents to buy a place in the east bay area of Lafayette or Alamo. Here is an email chain of corrospondence I had w/ an agent about a lease/option in Lafayette who seems to be the most realistic of anyone I have spoken to so far:
From: DeAnn Simpson [mailto:dsimpson@SecurityPacific.com]
Sent: Wednesday, July 01, 2009 8:18 PM
Subject: RE: 3781 Highland Rd.LAFAYETTECA94549-3530Well, if it were me and I really wanted it, I would make them an offer like $100-500,000 under asking and buy it now! What do you say? Would you like to go see it and buy it? I just closed on four deals that were all over $100K under asking the the list price was only $400K each.I can make it happen for you!
Lease option have never been a win win situation in my business anyway, prices flucuate too much especially in CA. Just know, the 2-3 yr ARM are in foreclosure now, we still have the 5 & 7 yrs ARMs going down in the next few years. Anyone who says this is over, does not know what they are talking about!Â
So, if you love something you see, let's steal it now, because its going to keep going down. Let me know!
Sent: Wed 7/1/2009 8:52 PM
To: DeAnn Simpson
Subject: RE: 3781 Highland Rd.LAFAYETTECA94549-3530
Wow. You think you can get us that good of a deal? 500k off asking? Im thinking the end of the summer/early fall might be a good time to buy a place. Where were those houses you got 25% off list price? Concord? We want to most likely live in Lafayette or Alamo. The prices still seem high in those areas.
Agent Response:Â
They were in Danville & San Ramon, and yes times are tough and there are some that want desperately to sell!
You are correct though Lamorinda to Plesanton usually do hold their values more.Â
I just entered contract on a home that started at $8,2000,000 and we bought for $3,700,000 in Danville. And I still don't think we got a great deal in my opinion however its a beauty!
Most realtors who Ive been meeting with lately are still talking about bidding wars. I really dont want to work w/ an agent who talks about bidding wars in the first meeting. This one actually seems like she is on the side of the buyer.
#housing