Screwed.
I guess I haven’t told y’all. Hubby and I are looking to move. Not too far. Just a place that fits us and our needs better. We have found the place, a WONDERFUL place. Unfortunately the people who live there already know it’s a great place and are very proud of their old houses that they have meticulously kept up. Because of it, they have priced their houses a bit too high. And since these houses pretty much never go on the market there are no comps to tell them that it is too high.
So Hubby and I have waited patiently. We found 2 houses that fit our needs. One, has been on the market for ages, showing that it is over priced. We have been in talks with the elderly owner who just won’t let it go. And then there was another house, priced the same. Same everything. We saw it, loved it, thought it would sit there for at least a month. NOPE. Sold the very day we saw it, with 3 alternate offers that day!
Hubby asked me if I was upset that we didn’t get that house. No, not upset about that. What I am upset about is that 4 fucking people came out of the woodwork and bid on an overpriced house! They fucked with our comps and probably screwed any chance we had of buying the elderly mans house. (The house that I have already pictured growing old in and serving Christmas dinner to my kids and grandkids.) Where did they come from? Are they going to be screwing with me on every house that comes up? I knew it was a desirable area but shit, it looks like I might need to get nasty.
Is it wrong that I want to knock on the new owners door, knee ‘em in the balls and scream, “YOU FUCKED ME!,” then run?
That might be a bit extreme.
Wednesday, 27. January 2010 at 8:47 am
ummm supply and demand baby, that owner who sold the house is not the least bit upset.
when we sold our first house we had realators call and tell our realator that we would NEVER sell at that price. two days and five offers later we had a contract. sucks to be on the losing end but fabulous to be on the cash in my pocket end!
Wednesday, 27. January 2010 at 8:49 am
i forgot to mention i think elanah has a realy “good friend” who is a realator, you should ask her
Wednesday, 27. January 2010 at 9:18 am
Twila, I’d scrap up some good money to see you knee womebody in the balls and run! For purely selfish reasons, too, I just want to sit there and laugh my freakin’ ass off when you do it….I’m talking laughing so hard I can’t breathe, face turning red, sounding like Mutely wheezing so hard kind of a laugh! I could so use that right now!
I almost got it when Baby Smiley got t-bagged with the dogs balls but then I kind of got grossed out.
Wednesday, 27. January 2010 at 9:25 am
Twila, I will hold them while you kick.
The problem, as I see it, is that the realtors get previews of houses that are coming out, and they let special clients in on the deals before the listings actually take place.
When I sold my first house, I was told by my realtor that I was pricing myself out of the market, but we had two offers before the sign went up, and we had even specified no cattle calls, no open houses, and visits by appointment only. It sold in less than two weeks.
When we sold my second house we had two couples in a bidding war before the listing was official (and there is a lot more to that tale) and a sign was never posted. This was a corporate transfer where the coporation had an obligation to pay a difference between their offer and what we sold for if we sold for more then their offer, and we sold for WAY more then their offer. The corporation agent that consulted with us told us how experienced she was in that market place and there was no way we were going to get anything like that – we got more than it was listed for.
One problem that crops up is using the wrong comps. A four bedroom single story 2700 sqft house simply does not comp with a four bedroom two story 3200 sqft house, and if you wander too far in Texas neighborhoods you change property values quite a lot, sometimes just a half a mile will do.
I could go on like this, and I am still angry even though I came out ahead two out of five times and broke even once or twice, so, Twila, I’ll hold and you kick, and all I ask is just don’t miss.
Wednesday, 27. January 2010 at 12:58 pm
I know. I know. Happy day for the sellers. Another house we hadn’t looked at but was also comparable is gone today. It sat there for 4 months. In one week we have suddenly seen all of the houses disappear but MY house. And they only reason it hasn’t is because it is not officially on the market right now.
Wednesday, 27. January 2010 at 1:30 pm
Ha, ha, Miss Snod. Yes, Twila, I think you need a better realtor. I’ll pass you her number. Next time, you’ll get the house at the price you want.
Wednesday, 27. January 2010 at 9:20 pm
We live in a neighborhood that has no comps, there are all kinds of homes, from doublewides and singlewides to little houses to fair sized houses. The last place we sold went in 12 hours. This house has been on the market for almost 2 years. We don’t need to sell, so it doesn’t really matter, just mr punxxi is getting tired of getting on the roof to de-moss it. We would like to sell it so we can start our next adventure, or maybe just move to town.
Thursday, 28. January 2010 at 3:03 pm
Dumb question: what neighborhoods in what city are y’all looking in? I love comps so when we decide to sell our Palace, I’ll know where not to look.
Saturday, 30. January 2010 at 1:07 am
glasgow, oregon