The First Good Deal In Los Angeles For Poor Folks (1)

With current real estate downturn, a lot of things seem so funny to me. Some are related to so-called "bank financing." It really upsets me that a lot of people are looking up to a banker's mercy to make a deal. Why we have our pleasure at our own hands? Limit our ability and lack of creativity.

This early morning, I realized that we don't use our brains effectively when one of my buyers responded: "why you don't tell me this capital idea before? Following your idea, we can do it in our own way and dump a banker. Why we keep ourselves talking buying your house and selling mine for 2 weeks? My buyer Joe went to Wells Fargo a weeks ago and has to wait for answer from his banker"? Gee! a good question for me. My response to her: how do I know your situation if you don't tell me even if you are so anxious to get my house, am I right, Lydia? Later, Lydia set up an appointment for her buyer, her (my buyer) and me to discuss my plan this coming Monday. (NOTE: I may talk about these seller financing deals later if we go through.) 

Also, so many funny things have happened. Our FED and NAR are trying all the proposals to stop housing price falling down and keeping it "inflated." I wish they can make it and break the record since there is no precedent to keep a crazy price of a commodity at sky high in the history of "turnip mania." (NOTE: 300 years ago a tulip valued at $700, how much it is now? I personally experienced a pair of birds "canary" sold for 2-3 month salary of average Mr. Joe in an economy. How much people would pay for a pair of that bird barbecued after the market crash?) 

Furthermore, so long as we can collect most of information online as I did it in the above article, this makes me wondering "do we really need an agent to buy a house"?

There are so many properties for sale now and interesting enough to leave me a good thread of thought to write a series of topic "Everything 75-95% off Zillow.com." Zillow.com is a wonderful free website to provide more accurate and current housing value than other two others. However, it is not rare to see Zestimate way off the line, i.e., giving too high value to some properties. I can easily see a lot of properties listed with an asking price way bellow its Zestimate in many areas. They are a good deal, if not a steal.

I will first put California, Arizona or Texas sections out, to introduce those good deals to anyone interested in these states. My time and energy are limited that I'd like to concentrate on the above area. I may consider to expand my sections out if someone has a special interest in other area and in deed need help.

They are good deals, you may save a lot of money by getting it at a price a lot lower than the current Zestimate. Certainly, It is free; so that we don't create a client/ consultant relationship. I don't get nothing out of it and no responsibility whatever accordingly. it is for your reference only. Anyone reading it has to fully do his due diligence

But, in order to protect me from ethnic and any legal liability since I am not the listing agent, I will omit all the address concerned and consider just post those deals with brief outline at my group "American Poor Folk's E-gold" in AR.

What do you think? Do you like my idea? my folk agents! After your inputs, I may give it a second thought.