Comments on: VA: Fleecing Old Ladies

By: C

Sun, 12 Apr 2009 14:28:36 +0000

Did you get the place, V?

By: Ronnie

Ronnie — Tue, 27 Feb 2007 18:54:00 +0000

Interest rates are pretty low, and the ‘bubble’ has survived the 4 year recession started in ‘99. The only bubbles looking to pop are individual markets I think, like Toronto’s condo market as one example. A sudden huge supply (still growing) with quite high per unit prices.

Not to say it’ll pop. But it’s definately better to buy than to rent. They cost the same in the end.

By: astrid428

astrid428 — Tue, 27 Feb 2007 15:26:41 +0000

Do you guys really think this housing “bubble” will “burst”? I have heard conflicting opinions and wish I was an expert myself. I heard on NPR this morning that here in LA county, 2% of available houses are affordable to someone making the median annual income. I make twice that and am still waiting - I don’t want to live in Compton. Well, here’s to hoping for said bursting, anyway.

By: Orange Crush

Orange Crush — Tue, 27 Feb 2007 13:36:57 +0000

This may vary from state to state, but they’re not obligated to sell the property at the asking price . . . however their listing agreement with the realtor/broker usually specifies the asking price and that the realtor/broker is only obligated to provide an able and willing buyer–if the seller backs out, the realtor/broker could potentially turn around and say “My work here is done, pay me my commission.” Even though the house didn’t actually sell.

Of course, many won’t go that route unless you really p*ss them off, since it’s probably not worth the lawsuit.

By: lacking_empathy

lacking_empathy — Tue, 27 Feb 2007 09:44:25 +0000

woman (along with a man who is her husband) look to invest in some real estate, identify property and decide not to pay over the odds but to secure best deal for themselves, are unmoved realtors attempt at emotional blackmail
woo
hoo…

By: Emerild

Emerild — Tue, 27 Feb 2007 07:17:11 +0000

It does seem to be moving toward a ‘buyers market’…

By: Ronnie

Ronnie — Tue, 27 Feb 2007 02:39:15 +0000

@7 - Its a buyer’s tactic. I’ve read about Donald Trump using that tactic regularly. Like #8 said.

By: Y

Mon, 26 Feb 2007 22:27:32 +0000

You have to do that or else there is no incentive for them to even consider your offer.

“Hey, this guy offered me 100K 6 months ago, and now he’s offering me 100K now. Seems like I can wait 6 more months, see if anything better comes in, and then fall back on this guy.”

By: Spiderbait

Spiderbait — Mon, 26 Feb 2007 21:46:10 +0000

I’m all for you bidding what you think is a good price but I think you are going a bit too far for my taste by lowering it by 5000 with each bid.
Why don’t you just offer the original price and say that she isn’t going to get a better price than this and that she should take it because she’s not getting it again.

By: AMCer

AMCer — Mon, 26 Feb 2007 21:31:42 +0000

Eh, if you get it, it was meant to be. If not, there’s always another.

If you offer her 30K less than she’s asking and you’re still the best offer, you’re not ripping her off. Hell, if you are the best offer, you are doing her a favor!

If she decides that she would rather keep it until she dies, she’ll die happy and you get to keep your money. Either way, there’s a bright side.