Comments on: Real Homes of Genius: Today we Salute you Compton. $279,900 for 768 Square Feet.

By: Tunde

Tunde — Tue, 14 Aug 2007 06:26:00 +0000

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By: The North Coast

The North Coast — Tue, 10 Jul 2007 02:07:00 +0000

In 2002, I wanted to submit a reallly lowball offer for a rehabbed condo, that I knew went on the market for a much lower price 9 months previous to my viewing it.

The agent said she would not submit it and suggested I work with someone else. She was terrified of violating the unwritten courtesy code that apparantly operates among real estate agents.

I said, fine. My offer was only $20K under the ask.

This was not a particularly good rehab, and I could see I was going to have to do serious work to restore the original appearance of the apt.

Only at the peak, 2005, did this unit sell for the owner's ask.

Now I wouldn't take it as a gift, for there is much better stuff coming to the market in better nabes at lower prices.

There were 4 places that got away from me over the past 4 years because I thought the prices were absurd and I wanted a fixed rate loan I could afford.

Glad I waited. I might wait a few minutes more.

By: kurt

kurt — Mon, 09 Jul 2007 05:23:00 +0000

Seattle invented the “slacker”, dude.

By: Anonymous

Anonymous — Fri, 06 Jul 2007 23:35:00 +0000

Got tired of Socal, dumb people, cost of living, traffic, taxes, dumb people, traffic, dumb people, traffic…so I packed my car, drove to Seattle and bought a house. Now I live in a great home in a great neighborhood in a city with a great quality of life and I don’t pay CA taxes supporting lazy assed slackers and wetbacks. Best thing I ever did.

You can do a lot better tyhan settle for socal.

By: Anonymous

Anonymous — Tue, 03 Jul 2007 20:03:00 +0000

Agreed. Buyers should not be lemmings, either. I have had several conversations with the new home builder people in Rancho Cucamonga as well as realtors who represent sellers of existing homes. The homes are getting very little traffic though them on open houses and I would bet many sellers would be willing to accept something significantly less than asking.

I am a potential buyer and there are a few homes on the market for about a million that I would buy tomorrow for 800K. I would prefer to wait and rent rather than offer the 800K though just because I have this preconceived notion that the sellers would reject such an offer. Perhaps I’m wrong. Time will tell, though.