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Old 07-05-2011, 08:20 AM
 
180 posts, read 391,401 times
Reputation: 44

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We had looked att several over units that were either bank owned or shortsales that were both in the 75-85 range. I think the 160 unit has granite counters in place of tiled ones in the other but can't believe that is worth 80K. Would most agents write a offer that is almost half of the ask?
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Old 07-05-2011, 09:04 AM
 
11,175 posts, read 16,002,107 times
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Quote:
Originally Posted by eventusstultorummagister View Post
reminds me a lot of the Albert Brooks/Julie Hagerty movie "Lost In America"
Quote:
Originally Posted by eventusstultorummagister View Post
26,26,26... comeonnnnn 26!
Great movie, but your memory is faulty.

The number was 22!
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Old 07-05-2011, 10:40 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,972,470 times
Reputation: 5056
Quote:
Originally Posted by NU2LV View Post
We had looked att several over units that were either bank owned or shortsales that were both in the 75-85 range. I think the 160 unit has granite counters in place of tiled ones in the other but can't believe that is worth 80K. Would most agents write a offer that is almost half of the ask?
i'd throw you out of the house, but that's just me.....
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Old 07-05-2011, 02:41 PM
 
1,374 posts, read 2,433,051 times
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why not talk to a RE agent, ask him/her how much is a fair market price. You can evaluate the RE agent by his/her response at the same time.
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Old 07-05-2011, 05:15 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,972,470 times
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Dm me the mls and I can look it up for you
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Old 07-05-2011, 05:34 PM
 
263 posts, read 602,330 times
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Like everything else...it is only worth what someone's willing to pay for it.
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Old 07-05-2011, 05:53 PM
 
Location: Las Vegas
131 posts, read 401,817 times
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Quote:
Originally Posted by hotpa2d2 View Post
Like everything else...it is only worth what someone's willing to pay for it.
Very True. UNLESS you finance it. Then it is only worth what the bank says its worht as they will not give more money. Maybe it should be "it is only worth what someone's willing to pay for it in cash"
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Old 07-05-2011, 07:27 PM
 
48 posts, read 125,771 times
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Nobody here saying move on? Guy wants to offer 85k on a 160k asking price. I think "its always worth a try" is silly advice here. There is a bit of time that goes into putting an offer, plus you write out an earnest check (albeit may not be deposited). Just seems like a big waste of time.

Move on.
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Old 07-05-2011, 07:29 PM
 
48 posts, read 125,771 times
Reputation: 54
Also I see FSBO as being more likely candidates for overpricing. They have nothing to lose. A realtor probably wouldn't even waste his/her time on the listing if the owners had these unreasonable expectations.

Anyone ever see the "Make me Move" price point on Zillow? People put up 600k in 400k neighborhoods. Its just a stab I think. I think these are a total waste of time to even consider. Anyway, FSBO is similar to Make Me Move, as I see it.
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Old 07-05-2011, 07:32 PM
 
412 posts, read 915,464 times
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Quote:
Originally Posted by philmason View Post
Nobody here saying move on? Guy wants to offer 85k on a 160k asking price. I think "its always worth a try" is silly advice here. There is a bit of time that goes into putting an offer, plus you write out an earnest check (albeit may not be deposited). Just seems like a big waste of time.

Move on.
You can always why the seller thinks it would be worth $160K and to show you what comps support that price. If there are none, you can informally ask if the seller will consider an offer that is in line with real comps before putting in an offer.
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