tag:blogger.com,1999:blog-3329419642567789295.post3223215281122397283..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Some banks are getting a clueLarry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3329419642567789295.post-42719079155168345022007-12-25T00:06:00.000-08:002007-12-25T00:06:00.000-08:00The lake hills area is unbelievable. They are sti...The lake hills area is unbelievable. They are still plopping down new houses up there, meanwhile right up the street there are tons of houses for sale including 2 big houses right next door to each other that are both short sales that are bigger and cheaper than what they are building.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-34729790811916566072007-12-21T09:25:00.000-08:002007-12-21T09:25:00.000-08:00There are maybe three repo homes in that area. Our...There are maybe three repo homes in that area. Our real estate agent showed them to us and HOOWEE, they were skanky! The bank was still asking $605,000 for one of them. I wanted to call them up and ask if they understand the conditions of the market right now.<BR/><BR/>I love the neighborhood, but $550,000 for a 4 bd, 2 ba, 2000 sq. ft., 50-60 year old house in Riverside is ridiculous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-9106719567343072832007-12-20T22:04:00.000-08:002007-12-20T22:04:00.000-08:00The problem with that area is that most of the hom...The problem with that area is that most of the homes are older so there are not lots of recent sales. That means there are not a lot of REOs putting pressure on the homes that are for sale. That does not mean those homes will sell at the ridiculous asking prices most are listed for. They will just sit until they are pulled or the reality of the market hits home and people reduce the price. The prices are starting to come down. I found a few homes that were listed close to a million and are now down into the mid 700s. I found a REO for 1 million in the middle of a bunch listed for 1.4 million. But yea, most of those people have lived there forever, they don't need to sell so they will be stubborn. That's just going to cost them in the long run.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-48005890717324520982007-12-20T21:17:00.000-08:002007-12-20T21:17:00.000-08:00How about the Victoria Woods area of Riverside? Wh...How about the Victoria Woods area of Riverside? When are those prices going to take a dive? Those are some stubborn sellers over there!Anonymousnoreply@blogger.com