This sounds like buyers in most markets. Even renters in Honolulu, Hawaii are not realistic about our market. Reality is a 1 bedroom 500 sq. ft. apartment for $1200 a month. It costs alot here to rent an apartment, but as we all know, Honolulu, Hawaii is truly paradise. Call me Andy Kress at Rental Solutions Oahu to rent your place in paradise - Honolulu, Hawaii
I did an open house today in La Quinta, California. A very nice couple comes to the open house and proceeds to tell me the wife is a real estate broker. They are looking for the house just like the one I am showing for $435,000 only they want to pay $220,000. I tell them the house across the street is an REO of same floor plan with a pool for $220,000. The home across the street is not in excellent condition or even fair condition, but what do you expect for $220,000?
Here's waht they expect for $220,000 in La Quinta, California. They want a home in perfect condition with a pool and a 3 car garage. The home for $220,000 has a 2 car garage and they have 3 car
They proceed to tell me they are way under water on the home they currently live in. This just blows me away- they do not want to even sell one of the cars and buy a home that has everything else they want and can afford? Denial- Denial - Denial.
Many of us still have alot of learning to do with this new economy.
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