Written by Jim the Realtor

May 7, 2014

The main reason I stay so positive about the market is because there are plenty of buyers. The lively demand creates a pure market, almost entirely based on price – but buyers are more critical:

My listing mentioned in the video above can be seen here: http://youtu.be/lHGJMYKqITU now priced at $509,000. The math sounded a little fuzzy on video, but the appraisal started off $20,000 short in spite of me being on time, dressed professionally, stayed out of the way, and brought excellent comps to justify the sales price. The appraiser was about 30 years old, and said he had to hurry up and be back by 10am to watch his kid. I said no problem, and we met at 8am. The appeal got him to raise his value $10,000, instead of the full $20,000, and the seller offered to split the difference. The buyer bailed. You have to respect that you might only have one shot to make a deal – and it goes for both sides.

JtR

6 Comments

  1. Manch

    Buyer walked because of 5K on a 500K deal? Idiot.

  2. Jiji

    Funny Yahoo keeps saying the suburbs are dead, is Carlsbad a suburb ?
    Just kidding but I find it funny every time the market slows down a little the ya-hoo’s at yahoo come out with two or three stories about how suburbia is dead and destined to become a waste land LOL
    I guess they don’t come out to Socal often.

  3. Jiji

    That whole intercity revival thing may work back east or in San Francisco, Not Quite happening in L.A. LOL.
    San Diego maybe a few kids want to live downtown but I don’t see it as a big tread or even possible in Socal really, most all the Biz start out in the burb’s not the city anymore.
    The biggest Biotech firm in the world is in a far flung suburb of L.A. called thousand Oaks LOL.
    I see that type of thing repeated over and over in Socal.

  4. SD Squatter

    What is the listing? Is the link pointing to the wrong video?

  5. Jim the Realtor

    Thanks – it is fixed now, try it again.

  6. surferdude

    how much for the truck after you give it a rinse? nice spin along la costa going east crossing camino real…

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