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  1. #9651
    Join Date
    Dec 2002
    Location
    cow hampshire
    Posts
    5,173
    Quote Originally Posted by 54-46 View Post
    Well, my place went for $785/sq ft. OK by me...
    wtf! That is so insane.

    Our local market is crazy right now with the lack of inventory. People are offering 40, 50, 60k over asking price. It's just so dumb. But nothing close to California...I think in the 300sqft to 450sqft. Every 1/4 mile closer to the beach it jumps significantly.

  2. #9652
    Join Date
    Mar 2006
    Posts
    16,512
    Palo Alto is $1.5k per sq ft average

  3. #9653
    Join Date
    Oct 2003
    Location
    ?
    Posts
    6,217
    Still amateur hour numbers compared to the market I worked in previously.
    I remember a bottomless freedom...

  4. #9654
    Join Date
    Mar 2006
    Posts
    16,512
    Quote Originally Posted by glademaster View Post
    Still amateur hour numbers compared to the market I worked in previously.
    The highest in the nation average is Manhattan at $1.7k so clearly your humble bragging a special situation.

  5. #9655
    Join Date
    Oct 2003
    Location
    ?
    Posts
    6,217
    I was referring to the numbers previously, $1.5k/sqft is big money anywhere. But yes, I was in an extremely rarefied market.
    I remember a bottomless freedom...

  6. #9656
    Join Date
    Aug 2006
    Posts
    5,764
    The only reason I was able to buy my current house is I knew the selling realtor and was unaffiliated with a personal realtor at the time. He got me the first look at the place, the couple selling liked us, and we had a signed offer before it ever went live on the MLS. I probably could have beaten them up a bit more if I had a pitbull in my corner, but I probably would have ended up in a bidding war if it went live before I could get in there and lost any savings.

    PS, glad to hear it worked out for you 4matic.
    Live Free or Die

  7. #9657
    Join Date
    Mar 2006
    Posts
    16,512
    Thanks. House hasn’t gone pending but escrow is open. 3% down deposit which is Maximum in Ca.

  8. #9658
    Join Date
    Oct 2015
    Posts
    1,298
    We just sold and are currently renting. Wife really wants to buy but I can't figure out WTF is going on in the market and our time horizon is potentially short (4 years) so need a flat or rising market or ability to rent and cash flow to make financial sense, but with kids it certainly gets spendy renting a decent place. The interest rates are certainly getting my attention but keep thinking that things have to fall apart with our current world situation.


    DJSapps comment a few pages ago about inflation got my attention as well.

  9. #9659
    Join Date
    Sep 2010
    Posts
    1,464
    Quote Originally Posted by neufox47 View Post
    All the realtors piling on to tell us they really earn that 3% and that a buyers agent is “free”!

    Guarantee the same completely unethical realtors who will not pass on offers from a buyer looking for a rebate to the seller for no representation will do EVERYTHING possible to get that double commission. Buddy used this in a hot real estate market in Boston, he’d show up tell the listing agent he was unrepresented and would use them for the sale then get spoon fed the other offers on the table, and had one realtor actively lobbying his client to reject a different offer that was higher due to a lower down payment. That profession can’t die soon enough.
    We just bought a house where the buying and selling agent wasn't the same, but they came from the same agency. We learned an earlier accepted offer, the amount that the seller refused to take off after inspection, and read that inspection report. Ethical? Questionable. But it sure made it easier on us as remote buyers. I did get the feeling that they preferred us to other buyers, I assumed because they'd be getting double commission.

  10. #9660
    Join Date
    Dec 2010
    Posts
    1,096
    Quote Originally Posted by MarcusBrody View Post
    We just bought a house where the buying and selling agent wasn't the same, but they came from the same agency. We learned an earlier accepted offer, the amount that the seller refused to take off after inspection, and read that inspection report. Ethical? Questionable. But it sure made it easier on us as remote buyers. I did get the feeling that they preferred us to other buyers, I assumed because they'd be getting double commission.
    Same thing happened when I bought my condo. My realtor was a young protege in the same firm as the selling agent. My offer was 8 grand less, and less earnest money upfront.

  11. #9661
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    13,477
    Quote Originally Posted by californiagrown View Post
    Same thing happened when I bought my condo. My realtor was a young protege in the same firm as the selling agent. My offer was 8 grand less, and less earnest money upfront.
    Hard to imagine how they sold the lower offer to the seller. Must of really worked the "we have total control" angle over the outside offer or maybe the other offer had contingencies yours didn't? I've represented a few friends over the years and it always about highest net proceeds, fewest contingencies and the most non refundable deposit. That is how an agent does their job correctly, if there are a few interested buyers bidding on the home.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  12. #9662
    Join Date
    Nov 2005
    Location
    Making the Bowl Great Again
    Posts
    12,340
    Non-refundable deposit? WTF is that?

  13. #9663
    Join Date
    Sep 2006
    Posts
    3,509
    Quote Originally Posted by RootSkier View Post
    Non-refundable deposit? WTF is that?
    Earnest money?
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  14. #9664
    Join Date
    Nov 2005
    Location
    Making the Bowl Great Again
    Posts
    12,340
    I guess so....but it is only non-refundable if there are zero contingencies.

  15. #9665
    Join Date
    Dec 2009
    Location
    The Mayonnaisium
    Posts
    7,433
    Deposit is not the right word but in some states would-be buyers essentially pay for the right to put a property under contract that is separate from earnest money. This money is the sellers' regardless of whether the sale goes through.

  16. #9666
    Join Date
    Mar 2006
    Posts
    16,512
    It's a fair commitment. Once the contingencies are met the seller has to vacate the property by closing date so if the buyer backs out the seller needs to be compensated for their risk and trouble.

  17. #9667
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    23,033
    Quote Originally Posted by RootSkier View Post
    Non-refundable deposit? WTF is that?
    english, motherfucker, do you speak it?
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

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