I hate this market (New York, Hauppauge: rental, buying a house, option to buy)

[GigiBowman]

There are so many factors involved. Right now I have a listing where the owner paid $840,000 in September 2006. She put $110,000 into it fixing up all kinds of things that were wrong with it. It's down the block from the beach and walking distance to the village so the location is the value here. But still. Now she's in it for $950,00. She just moved back to California because she can't take the weather here.
I have it listed for $880,000 and though she is negotiable she knows that no matter what she does she's taking a loss. Meanwhile in the last two days I've handed out checks to the shower door installer guy for $750.00. To the Doorknob installer guy for $739.00 (for door knobs for 3 doors!) and Roman shades that were ordered for one bedroom before she moved....were finally delivered today $789.00. So the house just continues to cost her money......all so she can lose.

[dman72]

Originally Posted by GigiBowman

There are so many factors involved. Right now I have a listing where the owner paid $840,000 in September 2006. She put $110,000 into it fixing up all kinds of things that were wrong with it. It's down the block from the beach and walking distance to the village so the location is the value here. But still. Now she's in it for $950,00. She just moved back to California because she can't take the weather here.
I have it listed for $880,000 and though she is negotiable she knows that no matter what she does she's taking a loss. Meanwhile in the last two days I've handed out checks to the shower door installer guy for $750.00. To the Doorknob installer guy for $739.00 (for door knobs for 3 doors!) and Roman shades that were ordered for one bedroom before she moved....were finally delivered today $789.00. So the house just continues to cost her money......all so she can lose.

$739 for door knobs? Somebody got hosed!!

[rocafeller05]

Hey Gigi...I install door knobs too. Actually for that price I would install anything you would want!

Originally Posted by GigiBowman

There are so many factors involved. Right now I have a listing where the owner paid $840,000 in September 2006. She put $110,000 into it fixing up all kinds of things that were wrong with it. It's down the block from the beach and walking distance to the village so the location is the value here. But still. Now she's in it for $950,00. She just moved back to California because she can't take the weather here.
I have it listed for $880,000 and though she is negotiable she knows that no matter what she does she's taking a loss. Meanwhile in the last two days I've handed out checks to the shower door installer guy for $750.00. To the Doorknob installer guy for $739.00 (for door knobs for 3 doors!) and Roman shades that were ordered for one bedroom before she moved....were finally delivered today $789.00. So the house just continues to cost her money......all so she can lose.

[GigiBowman]

Originally Posted by dman72

$739 for door knobs? Somebody got hosed!!

That's what I said! But they are the crystal doorknobs and the back plates on the pair in the entry way are solid brass...very pretty but geeez!

So I counted...there were 4 pair of crystal doorknobs and she said that each pair was $110 without the brass plate. Then installation.

The bottom line is....no one can accuse this woman of trying to sell her house to make money lol....I keep buying lottery tickets so I can buy it!

[GigiBowman]

I'm going to take a picture of those damned doorknobs tomorrow and post them here lol


How come no one is saying anything about the 4 window shades that practically cost $800? I'll be posting a picture of those tomorrow too lol

[modmondays]

Originally Posted by KarenBo

I'm not having much success in this market either, although I'm nowhere near your budget. I've been seeing something else the last month that is odd to me.

The weirdest thing I've been encountering lately is price ranges instead of simple asking price. I've seen about 6 houses lately that had a range of 30K to 60K difference in price (ex. A house listed for 339K to 398K) I don't understand it. I even made an offer on two such houses (in the middle of the range) only to be told that the seller really wants the top of the range. Well, then why mislead your potential buyers?

If you want $X why would even put a number 60K below that anywhere in your listing? The agent said, "to increase interest" but its not real interest. People who are looking for a 400K house aren't going to be able to pay 469K just because you got them in the door?

It just confounds me.

why ON EARTH would you have given an offer in "the middle of their price range" when CLEARLY they listed a LOWER PRICE IN THE RANGE.....that is absolutely MIND BOGGLING....sorry, no offense but it IS!!!!!!

[L-88]

Originally Posted by GigiBowman

There are so many factors involved. Right now I have a listing where the owner paid $840,000 in September 2006. She put $110,000 into it fixing up all kinds of things that were wrong with it. It's down the block from the beach and walking distance to the village so the location is the value here. But still. Now she's in it for $950,00. She just moved back to California because she can't take the weather here.
I have it listed for $880,000 and though she is negotiable she knows that no matter what she does she's taking a loss. Meanwhile in the last two days I've handed out checks to the shower door installer guy for $750.00. To the Doorknob installer guy for $739.00 (for door knobs for 3 doors!) and Roman shades that were ordered for one bedroom before she moved....were finally delivered today $789.00. So the house just continues to cost her money......all so she can lose.

Great!! This flake wants to move back out here....well...some hungry real estate agent will do well with her..not to mention all the subcontractors she will need to update her new digs here in Cali.

[totallyfrazzled]

Originally Posted by dman72

$739 for door knobs? Somebody got hosed!!

I bet she bought Period Brass doorknobs. Those can cost $600 for ONE exterior lockset, and easily $200 each for interior sets. (Please don't ask me how I know.... it comes under the heading of "what was I thinking" in our last house...)

[totallyfrazzled]

Originally Posted by GigiBowman

How come no one is saying anything about the 4 window shades that practically cost $800?

If they're large windows and they're HunterDouglas custom shades with specialty fabric, top down/bottom up construction option, Lightrise and/or PowerRise.... I can believe they cost $800 installed.

[GigiBowman]

Originally Posted by totallyfrazzled

I bet she bought Period Brass doorknobs. Those can cost $600 for ONE exterior lockset, and easily $200 each for interior sets. (Please don't ask me how I know.... it comes under the heading of "what was I thinking" in our last house...)

lol frazzled, you do make me laugh