biliruben
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Congrats Hyperbola! Sounds like it wasn't too smooth. I though about Redfin, and glad to hear it wasn't a problem, but negotiated a discount with a full-service RE instead.
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I read an academic paper a while back that said land prices have 3 times the variability of housing prices. If you believe that, than land is falling faster than housing. Anecdotally, on the national level the builders are madly trying unload t…
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Caffe Umbria. It's the reincarnation of Torrefazione, which Starbucks bought and killed. They didn't even replace them with Starbucks. Just bought and boarded them up. Sick. I get their coffee at some local shops (60th St. Bakery mostly) a…
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There are large transaction costs associated with foreclosing on a house. In addition, banks have no interest in having a whole stable of properties, so they generally list below market I think. They don't have employees that manage properties; …
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Foreclosures are wicked expensive for banks. IIRC they get about 2/3rd of appraised value when all's said and done. Plus you avoid those folks who gut the place before they leave.
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Great info.
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That sounds like bait and switch. No way that dude gets 6%... or even 0-down.
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Good for you, Sandy. Let us know what you find out. I think I'm finally over that blog anyway. I try and formulate thoughtful posts that I think agents would be respectfully interested in, given my perspective as buyer and seller, and I get lit…
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I bet he gets royalties every time they show that ball bouncing off his head and over the ball for HR.
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I'll just reiterate my support for David Losh for president.
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No doubt it's tough to be poor. Doubly so if you are old and poor. I'm simply not sure that property taxes are where we should concentrate if we are trying to ease their burden. That voting is stronger among older people isn't really up for deb…
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I always thought it was Germans.
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When you examine the tax assessors records, you see something like "senior exemption" coupled with a usually remarkably low tax amount. I'm not sure of the ins and outs of the exemption, but there are programs to try and soften the blow for those o…
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Or give everyone an ultra-light on their 55 birthday. Or a bird suit. How these guys learned how to do this is beyond me. Also, you wanna make sure we're dead, and not just paralyzed.
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Very. Have you zoomed out in Redfin and checked out the south-towns yet? Yikes. I wouldn't want to be selling in Auburn. I can get in right now, however. I have a feeling FSBOs and foreclosures were more popular than they thought. They…
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I was noticing this phenomenon too. Good riddance to bad rubbish. Though I find trying to sell over-market to developers is a bit of a fools game in itself. If the property's out there and a developer thinks they can make money on it, they'll…
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Sucko. No. This is a very nice couple, they paid over list, and we wouldn't do anything like that in any case. Our biggest debate is whether we leave a framed picture of the house 60 years ago that we got from the KC archives, or keep it for us…
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Man, this is lame. Just when I started to like Leanne a bit. Synth couldn't really help himself, and was a bit rude, but Eleua and Fripp were cordial, polite and stayed on-topic. They simply disagreed. I don't really care about the TOS non…
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Thanks, Pumpkin. I don't know about how common it is, however. My Agent was shocked. She had recommended I start 5% lower. In fact, her whole office was shocked.
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No, you aren't out to lunch. I just sold my house, and now your plan is my plan. If you can manage it, move here, rent for a year, explore the neighborhoods, and watch as the market slides and the sellers start to sweat. My guess is the marke…
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All this says to me is, are your ethics for sale? This flipper or less-than-brainy homebuyer is sweatin'.
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Thanks, DJ. Sadly, that's pretty darn close to what he's really thinking. Really nice guy, gave me lots of help and advice on my floors and siding, and I wish him well. I really do wish there was something I could do for him so that he gets …
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Agreed. Going to high school in SC, blatant racism was an every-day occurence.
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Back on topic: The flipper next-door is no longer speaking to me. He implored me to list 30-40K over where we did. Now he's going to have rethink his price-points.
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Thanks! The number one thing was pricing it right. I studied the comps for my segment and neighborhood very closely, and it was apparent that nothing was moving that was priced too high. My agent was even more pessimistic, but I thought we'd …
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My guess is that it will sit for a long, long time. Of course I thought I would have trouble selling my place, and as of yesterday I'm officially homeless. Yay! Got while the the gittin' was good.
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It's baaaaaack. The mother of all flips has returned to roost. The first house posted to this thread goes back on the market with a new deck and a new price: Sold for 625K in 2006 Sold for 795K in 2007 (after listing at 840K) Today it w…
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Do you know pig-latin, Sandy?
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Yeah, for some reason Lar annoys me more than most. Probably because he's likely made his million and the epitome of the self-righteous agent. And he has the delusion he's funny.
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Given that the value of homes has doubled and even tripled in some places over the last 10 years, yet the equity is declining, that makes it obvious that equity extraction has been absolutely huge. Here's a nice article at Calculated Risk which u…