Special offer

Speechless Sunday - And You Thought we were Kidding!

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

This is criminal.  The home is underpriced by around $200K.  There were already 13 offers one hour into the open house with another 5 days to go.

 

It's a bidding war

 

The multiple bidding was is back

Comments(15)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Or it's a miracle... :)

Have I missed you lately Jane? It's been a while! Stop by. :)

Feb 17, 2013 08:47 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Laura,  sorry, I have not been quite as active on AR as I used to be.  I just don't have the blogging time.  Something has to give.  I am coming by right now.

Feb 17, 2013 09:05 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Agent trying to start a feeding frenzy and it worked.  

Feb 17, 2013 09:06 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

And the agent didn't even show.  Said she was sick and sent a colleague.  Shame!

Feb 17, 2013 09:38 AM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Hi Jane,

Not sure why agents do that.  It can't be that fun going through all those offers!  And what good does it really do?

 

Feb 17, 2013 03:51 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - I wonder how much over market value this home will end up selling for.

Feb 18, 2013 01:50 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - A picture is worth a thousand words, so for those buyers who think the media, or agents are just making up the hype on multiple offers this open house with buyers lined up to see it, tells them it's not!  I'm with you, under-pricing in this market isn't necessary, and seems cruel to get  buyers hopes up, when they don't stand a chance.

Feb 18, 2013 05:00 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Jane, this one looks like they are giving away free Labradoodle puppies! 

Feb 18, 2013 12:21 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Deedee,  exactly.  I don't understand it.  They would get a ton of offers if it were priced right.

Michell,  me too.

Laura,  it was sad to see so many people lining up, not to mention humiliating.

Pat,  now that I would have happily stood in line for.

Feb 18, 2013 12:32 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Jane I wonder why the house was so underpriced?  So many of these potential buyers will be so disappointed.

Feb 18, 2013 03:13 PM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Jane - I'd say the agent missed the mark by a mile!

Feb 18, 2013 09:52 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Jennifer,  they had to have had a clue when they saw that line.

Norma,  you think!

Feb 19, 2013 03:22 AM
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

I LINE for an Open House! 

The way our inventory is going here, I fully expect that. I can't tell you how many things the President of our company is sending out to us to get Listings! Get Listings! 

I wish I could get more! I get one, and BAM...under contract! 

Feb 22, 2013 05:16 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Really encouraging to see your market is so hot, as our market soon follows yours.  It's starting to happen here, but I don't think I've ever seen a line up like that!

Feb 22, 2013 08:36 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Thom,  listings are gold right now.  As is evident by the picture above.

Georgie,  just wait :)

Feb 23, 2013 12:34 PM