tag:blogger.com,1999:blog-3329419642567789295.post4226304050600615068..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: The IE still 44.6% OverpricedLarry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3329419642567789295.post-61586031590811026062007-12-15T18:52:00.000-08:002007-12-15T18:52:00.000-08:00I often want to call these realtors and ask them, ...I often want to call these realtors and ask them, "So, did you and the homeowner sit down and smoke a bowl together and then determine the price you have listed? You really must have because the price you're listing is way too 'high' " <BR/><BR/>But, given most realtors don't have much in the way of funny bones these days, I refrain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-66090250303281750292007-12-15T16:38:00.000-08:002007-12-15T16:38:00.000-08:00Most of the REO properties I see would still be ov...Most of the REO properties I see would still be overpriced at 60%-65% of asking price. You still couldn't rent them and make any money. Only the ones that are already priced low would be a decent deal at 60 cents on the dollar. In addition, rents are now beginning to fall with all the competition from the failed flips and upside down ownersgolfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-56953045643494847952007-12-14T17:02:00.000-08:002007-12-14T17:02:00.000-08:00I write 40-50 offers per month on REO properties. ...I write 40-50 offers per month on REO properties. Everyone of them is for 60-65 cents on the dollar and believe me my value of the house is much more conservative then what the banks think they are worth. To the bank I'm offering 35-40 cents on the dollar because they employ the same logic that got them into this mess when it comes to their appraisals and BPO's. I always get a good laugh when an agent says the banks appraisal says a 1400 square foot 3/2 in MoValley built in the 80's is worth 325k. Yet that same model down the street has been on the market for six months at 250k with no takers.<BR/><BR/>I love it when an agent yells at me!BrianHhttps://www.blogger.com/profile/02727276079048498410noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-74158578322194640662007-12-13T16:16:00.000-08:002007-12-13T16:16:00.000-08:00In the IE being 40% overvalued would bring us to 2...In the IE being 40% overvalued would bring us to 2001 prices give or take. That means homes will go for about 180K to 240K. Not bad. Affordable and will make the commute to OC a bit easier to take.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-89699873457602239322007-12-13T14:46:00.000-08:002007-12-13T14:46:00.000-08:00I am (as a buyer) being insulted with the current ...I am (as a buyer) being insulted with the current listing price...<BR/><BR/><BR/>AMEN brother!golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-39452368297787297422007-12-13T14:03:00.000-08:002007-12-13T14:03:00.000-08:00I am (as a buyer) being insulted with the current ...I am (as a buyer) being insulted with the current listing price...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-84865312216251115342007-12-13T12:57:00.000-08:002007-12-13T12:57:00.000-08:00Why not, be sure to add that any negotiations will...Why not, be sure to add that any negotiations will result in a lower offer, not a higher one. Most of the homes on the market have been there so long they should consider any offer. Of course they may be insulted, but who cares.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-91525928354362019012007-12-13T09:51:00.000-08:002007-12-13T09:51:00.000-08:00So if I offer someone half his listing price, he w...So if I offer someone half his listing price, he wont be insulted, right?Anonymousnoreply@blogger.com