Comments on: This $2 million dollar house in Portola Valley is great for ants!

By: Pralay

Pralay — Mon, 16 Nov 2009 07:47:42 +0000

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.

By: Real Estater

Real Estater — Mon, 16 Nov 2009 07:24:34 +0000

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

By: Pralay

Pralay — Mon, 16 Nov 2009 07:12:34 +0000

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.

By: Real Estater

Real Estater — Mon, 16 Nov 2009 07:00:31 +0000

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

By: Pralay

Pralay — Mon, 16 Nov 2009 06:47:37 +0000

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

By: Real Estater

Real Estater — Mon, 16 Nov 2009 06:40:33 +0000

Exactly. Real Estater believes honesty is the best policy.

By: Pralay

Pralay — Mon, 16 Nov 2009 06:37:56 +0000

What can RealEstater offer besides another “true story”?

By: Real Estater

Real Estater — Mon, 16 Nov 2009 06:29:12 +0000

Pralay,

What can you possibly offer besides another troll post?

By: Pralay

Pralay — Mon, 16 Nov 2009 06:15:03 +0000

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

By: Real Estater

Real Estater — Mon, 16 Nov 2009 06:06:28 +0000

Pralay,

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

By: Pralay

Pralay — Mon, 16 Nov 2009 05:57:57 +0000

It was even hard to book time with my realtor.
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Poor realtors! Now they need to work 10 times harder to get a commission.

By: Real Estater

Real Estater — Mon, 16 Nov 2009 05:53:00 +0000

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.

By: Pralay

Pralay — Mon, 16 Nov 2009 04:00:36 +0000

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".

By: sv_newbie

sv_newbie — Mon, 16 Nov 2009 00:46:14 +0000

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%

By: anon

anon — Sun, 15 Nov 2009 22:44:43 +0000

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

By: Real Estater

Real Estater — Sun, 15 Nov 2009 18:22:44 +0000

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.

By: Pralay

Pralay — Sun, 15 Nov 2009 07:27:38 +0000

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

By: DreamT

DreamT — Sat, 14 Nov 2009 23:10:04 +0000

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.

By: SV Shopper

SV Shopper — Sat, 14 Nov 2009 21:26:31 +0000

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.

By: Joe

Joe — Sat, 14 Nov 2009 18:47:06 +0000

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?