In the confidential remarks of the listing, the agent notes that “the seller reserves the option to waiting to respond to offers up until April 15th”. As a result, buyers may hesitate on this one (Peak urgency is usually around Day Four of the listing period).
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I'm Jim Klinge, local broker affiliated with Compass. Most tweets are from my blog https://t.co/L9m2r9DMMM regarding North San Diego coastal market. CA DRE #00873197
SDSU assistant Chris Acker just made us aware on @JonAndJim that over 50 former Aztecs that played for Steve Fisher and Brian Dutcher will be at the Final Four on Saturday. What an incredible bond.
Because few people service a mortgage for all 30 years (they get divorced, refinance, move or die), mortgage rates are compared to the 10-Year Treasury Note.
While Treasury yields have fallen, mortgage rates are stuck in the mid-6% area.
Huge spread vs. 10-year = 304bps.
New post (Inventory Watch - Under $3,000,000) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/27/inventory-watch-under-3000000/
Why would anyone submit an offer before April 14th with a comment like that in the listing? Isn’t a buyer simply helping the seller create a sense of urgency by submitting an offer earlier than that?
It is ill-conceived. The agent is a very nice lady, and long-time veteran realtor. I think she is trying to create some extra urgency, but not sure it’ll turn out that way.
No one says that you have to state when the seller will respond, so why put any parameters on it?
Some buyers will wait until the 14th, but if a full-pricer came in today, the seller might sign it, so you never know. Why create uncertainty?
One of my favorite quotes, from Floyd Wickman:
“Don’t sell with blah, blah, when you can sell with blah.”
That wouldn’t keep me from bidding on it, BUT it also wouldn’t prevent me from continuing the search while the seller waited for some arbitrary deadline.
So do you bring the blue down or the green up? 🙂
You know, a comment that you made gives me a good website idea…
“…When I’m just trying to get the proper news out… Well, that’s what you’re gonna get from me. You’ll keep getting truth as I see it.”- JtR
I love your truth, Jim! You’re one of the few in real estate land who tells the truth. That’s my two cents and I’m sticking to it. I’ve been a bubbleinfo addict for about two years now, and your videos are more and more addictive.
As for any of your critics: here’s one of my favorite quotes: “Smile, it confuses people.”
Jim is the Jake Gittes of real estate!
The view appears to be a lot nicer than the house. Based on the video, the house looks very cheaply built.
Jim: please stay just the way you are. That’s what we like and why we watch you every day!
Strange house. I’ve visited a lot of 70s built houses and I’d call that one quite odd. It’s a great lot and a great view though. It’s a big fixer for someone.
I like your delivery and your phraseology (take that spelling police!). It is Jake Gittes and it is just right for the subject matter.