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Are Seller's Going Crazy?

By
Real Estate Broker/Owner with Real Time Realty 471.005500

I was reading a local magazine this morning and I ran across an article that was talking about how desperate sellers are becoming. Apparently a seller of a 1.475m house offered a brand new H3 Hummer as part of the deal! What would happen if we were in a bad market? Naperville has enjoyed many years of double digit appreciation that houses selling before they hit the market that now that we are experiencing a Normal market Sellers are freaking out and Buyers think they could pick up properties at 80-90% of asking price. I feel that if a seller properly stages their home and lists it at market value it would sell in a reasonable amount of time.

Scott Gerami

Broker/Owner

Real Time Realty

http://www.naperhomes.com/

630-357-4800

 

Posted by
Enthusiastically,
 
Scott Gerami
Broker-ABR,GRI,e-Pro,CSC,IMSD
License # 471.005500
 
Re/Max Professionals Select
2272 West 95th Street Suite 200
Naperville, Illinois 60564
 
 
(630) 357-8200-Direct\Text
 


 

Comments (6)

Scott Gormley
Oak Valley Mortgage-California Home Loans and Refinancing - Chico, CA

Ummm...Reverse question...Where they ever sane?

Scott

Nov 19, 2006 01:17 AM
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL
There's a seller in my local market offering a brand new Jag.  The property is overpriced, but it is certainly creative.
Nov 19, 2006 02:19 AM
Marc Blasi
Palm Beach Gardens, FL

Sellers crazy - NAHHH.

That offer of an H3 is ridiculous - drop the price on the house if they are that desparate.

Nov 19, 2006 02:20 AM
Blanca Cholewczynski
U - Oak Brook, IL
XCO

How is people being able to do this when the financing portion comes in? If they get an offer and this goes in the contract the underwriter will most certaintly deduct the amount of the jag or Hummer from the sales price.  Then what?

Nov 19, 2006 02:49 AM
Joanne Brown
Rockland County Real Estate - Nanuet, NY
I especially think the younger sellers are losing it.  One of my clients actually started get alarmed in the first month.  It has been a few but actually they're still getting showings, it'll just take the right buyer.  They have a very limited amount of patience.
Nov 19, 2006 04:50 AM
Angus in Naperville IL
RE/MAX of Naperville - Naperville, IL

The owner of that house owns a Hummer dealership. He got a lot of publicity from that promotion. (of course the house - which is very nice- has not sold yet)

 

Nov 20, 2006 04:30 PM