home values: Sellers still have their head in the clouds...
- 11/15/08 10:03 AM
I had yet another call today from a delusional seller who thinks her home is worth what it was in 2006! Her friend's home, she says, sold in 3 days! Sure it did, because it was priced right. A price that was an excellent price or rather what might be considered "a bargain" for the Carmel Valley area in San Diego. How realistic are you? In this market, was it really a bargain or was the friend just being realistic about the market? If, as is predicted, the Carmel Valley market sees more foreclosures and the buyers still aren't taking the … (1 comments)
home values: Lost my First Big Deal Because of the Tough Economic Times
- 09/29/08 08:44 AM
Well, it was bound to happen. We've certainly been feeling the slowdown, with sellers not being able to sell and buyers unwilling to move forward, but my business partner and I thought we finally had one in the bag. Of course, thankfully, I NEVER count my chickens before they hatch... We had written an offer for a client in Del Mar - she had $800k cash on a $1 million purchase, so we felt fairly confident the deal would go through. Well, with the continuation of dire news on a daily basis, our client suddenly felt that, within the span of … (6 comments)
home values: Housing Stats - What do They Really Mean?
- 09/12/08 10:47 AM
Any statistician will tell you how easy it is to manipulate numbers. As a former scientist, I can attest to the fact that one can present data (i.e. results from one's research) to support either side of an argument. Tell me what you want to demonstrate, and I'll find a way to present the numbers to back up that claim. Housing Stats in the Media These days, we are being inundated by reports in the media about the housing crisis. One hears about the increasing numbers of foreclosures, REO'sand short sales the decreasing total numbers of sales, or "units" the decreasing home values in … (2 comments)
I had yet another call today from a delusional seller who thinks her home is worth what it was in 2006! Her friend's home, she says, sold in 3 days! Sure it did, because it was priced right. A price that was an excellent price or rather what might be considered "a bargain" for the Carmel Valley area in San Diego.;)
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