Flying High

by | Jan 1, 2011 | Bubbleinfo TV | 8 comments

An example of the lunacy in the real estate business today, sandwiched with red-tail hawks:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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8 Comments

  1. ChrisG
    ChrisG on January 1, 2011 at 8:16 pm

    Happy New Year Jim – all the best to you and your family.

    Chris

  2. shadash
    shadash on January 2, 2011 at 12:52 am

    Wow! That’s a nice house priced right! The market needs more of those.

  3. pemeliza
    pemeliza on January 2, 2011 at 4:35 am

    I like that one. Centex built some darn nice homes back in the 90’s.

  4. François Caron
    François Caron on January 2, 2011 at 7:20 am

    The appraiser wanted to risk killing the sale over some CABINET DOORS?!?

    Sheesh!

    Happy New Year Jim!

  5. College Joe
    College Joe on January 2, 2011 at 7:47 am

    Why did he do that? It just doesn’t make sense…..he has to know better.

  6. doughboy
    doughboy on January 2, 2011 at 10:15 am

    Make a gate in that back fence and run the trails, you can get all the way to Lake Guajome from that house by foot.

  7. LM
    LM on January 2, 2011 at 4:28 pm

    That’s a nice deal. Congrats to your clients.

  8. Chuck Ponzi
    Chuck Ponzi on January 3, 2011 at 10:57 am

    We had a similar issue when trying to close on our home.

    There was a hot tub in the back that was more or less non functional. Owning Bank had covered it with boards to prevent anyone from falling in.

    My bank underwriter’s inspector held up close because the hot tub was empty. Apparently, a full, open nonoperational hot tub is not a “health and safety issue” (their words, not mine) whilst a covered, empty one is. That was a head scratcher. So, in order for my loan to close, I had to go over and by stealth of night, put plastic in the bottom (to keep it from leaking out) and fill the hot tub for a house I did not yet own.

    Oh, and that was after peeling paint threatened to kill the deal because the underwriter said it could be lead-based and pose a threat. Never mind that one could get a $12.50 lead test and check to see if there was any lead there and determine whether it was dangerous.

    I remain convinced that the underwriter’s inspector is paid by the issue. That’s my story and I’m sticking to it.

    chuck

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