26 Responses to “This $2 million dollar house in Portola Valley is great for ants!”

1. The Govenator Says:
   November 13th, 2009 at 6:24 pm

   SOLD

2. burbed Says:
   November 13th, 2009 at 6:35 pm

   Indeed! Sold!

3. Herve Estater Says:
   November 13th, 2009 at 7:53 pm

   Good comments everyone!

   No wonder it’s sold. You’d think a few million ants would find enough money to buy this place.

4. anon Says:
   November 14th, 2009 at 12:23 am

   What kind of dumb motherfucker pays 2.8 mil for a model?

5. DreamT Says:
   November 14th, 2009 at 12:32 am

   anon – but this is a TOP model!

6. Real Estater Says:
   November 14th, 2009 at 1:42 am

   Yeah, with a plan like this, it’s as good as done.

7. Joe Says:
   November 14th, 2009 at 10:47 am

   Come on people, the value is in the LAND. The seller should have built a topographic model of the land. Who would be sold on a model of a farmhouse?

8. SV Shopper Says:
   November 14th, 2009 at 1:26 pm

   Realtor just called informing me I lost out on another house. She says multiple offers are becoming quite common again, so prices will likely be higher next year. This is from a professional realtor with Coldwell Banker.

9. DreamT Says:
   November 14th, 2009 at 3:10 pm

   sole house for sale last month in my neighborhood went for 22% above asking price with 60+ offers (supposedly). Still it ended up $40k below Zillow’s estimate. The house was grossly under-priced to begin with, which was the reason for the multiple offers. There’s something dishonest, I think, about underpricing to attract multiple offers, then claim that the market’s healthy so you should buy before prices go up.

10. Pralay Says:
    November 14th, 2009 at 11:27 pm

    Realtor just called informing me I lost out on another house.
    —-

    Poor SV ““wife-big-on-education” Shopper! Keep losing bids. May be he should go back to Madison Ave and start driving his cab there.

    ——-
    She says multiple offers are becoming quite common again, so prices will likely be higher next year. This is from a professional realtor with Coldwell Banker.
    —–

    Good that SV Shopper found a professional realtor. Otherwise, any NON-professional agent would mislead him by saying that prices will likely to be lower next year (and he would have lost more and more bids next year as a result). SV Shopper is fortunate that he found a professional realtor who could provide more accurate forecast.

11. Real Estater Says:
    November 15th, 2009 at 10:22 am

    This is a surprisingly tough market even in November. There’s a lot of pent-up demand from last year. The open houses I’ve seen mostly have heavy foot traffic. I just wrote up another over-the-asking offer, but I’ve been warned about stiff competition.

12. anon Says:
    November 15th, 2009 at 2:44 pm

    Here’s why:

    Schwab Bank Rates
    Mortgage 30 year Fixed Conforming
    Details4.875%(4.905% APR)
    Mortgage 30 year Fixed Conforming Plus
    Details5.14%(5.163% APR)
    Home Equity Line of Credit
    Details3.99% APR

13. sv_newbie Says:
    November 15th, 2009 at 4:46 pm

    Agree with #11
    however, there are at least 2x more houses today in the market, I’m interested in (600k-800k), than there were 1 month ago.

    there are lots of houses and lots of buyers. and i guess more houses than buyers.

    2 things that will not help prices:
    1. continuing layoffs in bay area – thousands more by MSFT/AMAT/SUNW
    2. Fannie/Freddi decreasing DTI from 65% to 45%

14. Pralay Says:
    November 15th, 2009 at 8:00 pm

    I just wrote up another over-the-asking offer, but I’ve been warned about stiff competition.
    ——

    We heard all those stories before. Regarding the warning about stiff competition, I guess it would as reliable as information like “8 people already submitted cash offers for over $1M“.

15. Real Estater Says:
    November 15th, 2009 at 9:53 pm

    I think after last year’s experience, people realize downturns don’t last forever. A lot of people are out shopping for houses right now. It was even hard to book time with my realtor.

16. Pralay Says:
    November 15th, 2009 at 9:57 pm

    It was even hard to book time with my realtor.
    —–

    Poor realtors! Now they need to work 10 times harder to get a commission.

17. Real Estater Says:
    November 15th, 2009 at 10:06 pm

    Pralay,

    Try going to a real estate office on the weekend. Chances are you’ll find it fairly busy with people making offers.

18. Pralay Says:
    November 15th, 2009 at 10:15 pm

    Chances are you’ll find it fairly busy with people making offers.
    —–

    I bet they are very busy for making offers like “cash offers for over $1M“.

    Everybody is busy making offers. Even I am making offers everyday……sitting in my home…..all cash offers over $1M. And that’s why RealEstater just can’t get his investment property – after one and half years. Poor RealEstater!

19. Real Estater Says:
    November 15th, 2009 at 10:29 pm

    Pralay,

    What can you possibly offer besides another troll post?

20. Pralay Says:
    November 15th, 2009 at 10:37 pm

    What can RealEstater offer besides another “true story”?

21. Real Estater Says:
    November 15th, 2009 at 10:40 pm

    Exactly. Real Estater believes honesty is the best policy.

22. Pralay Says:
    November 15th, 2009 at 10:47 pm

    Exactly. Dishonesty (as documented here) gets exposed anyway. Why trying?

23. Real Estater Says:
    November 15th, 2009 at 11:00 pm

    Poor Pralay, trying desperately to discredit Real Estater when Real Estater has been right all along.

24. Pralay Says:
    November 15th, 2009 at 11:12 pm

    trying desperately to discredit Real Estater when Real Estater has been right all along.
    —–

    We never discredited RealEstater. We always put him in the same league of “I was right all along” folks.

25. Real Estater Says:
    November 15th, 2009 at 11:24 pm

    Think about it, Pralay, you misjudged everything, every time. What qualification do you even have to discredit anyone?

26. Pralay Says:
    November 15th, 2009 at 11:47 pm

    What qualification do you even have to discredit anyone?
    —–

    We never discredited RealEstater because we don’t have qualification to do so. We always put him in the same league of “I am always right” folks.

    Some writers (Nanka, 2002) describe a related attitude — I-am-always-right or Everyone-should-agree-with-me. Perhaps these arrogant behaviors or feelings spring from underlying fears of being wrong, feelings of inferiority, from a desire to be superior or from some other dynamic.

    Regardless of the source, these dominant personalities get irritated and critical when others disagree with them. They may become self-righteous. People wanting to be right and in control seek a closed system which will keep out the different ideas of other people.

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