Thanks to Burbed reader madhaus for this guest post!
309 BEACH Dr Rio Del Mar / Seascape, CA 95003
Beds: 5 Baths: 3 Sq. Ft.: 1,776 $/Sq. Ft.: $247 Lot Size: 4,791 Sq. Ft. Property Type: Detached Single Family Stories: 2 View: Ocean Community: Rio Del Mar/Seascape County: Santa Cruz MLS#: 80709410 Source: MLSListings Status: Active This listing is for sale and the sellers are accepting offers. On Redfin: 1172 days
20% INTEREST FOR SALE, GORGEOUS BEACH DR. LOCATION, HOME IS UPDATED AND MAINTAINED IMPECCABLY. REFINANCE ONE OF YOUR OTHER PROPERTIES AND PAY CASH!!!MAKE MEMORIES WITH YOUR FAMILY AND FRIENDS GORGEOUS BEACH DR. LOCATION, HOME IS UPDATED AND MAINTAINED IMPECCABLY. REFINANCE ONE OF YOUR OTHER PROPERTIES AND PAY CASH!!!
Nothing says “this property’s going up on Burbed” like a description in ALL-CAPS. Refusing to turn off the CapLocks key leaves a potential buyer feeling like they’ve had a megaphone shoved up an ear. Maybe the agent used to work at Western Union composing telegrams, because I don’t see the period key except for an abbreviation. So while we’re deafened by the approach, let’s look at what we’re being offered.
Well, whatever the offer is, it’s overpriced, even for a beach house that’s across the street from the beach. How do I know this? Simple:
On Redfin: 1172 days
1172 days? As in three and a half years? Is this a record? I don’t know, but Should I wait for a price reduction?
I’m not sure. According to this graph I should wait 28 more days, and then wait for 40 price reductions.
And remember, if the agent can’t think of anything better to say than “MAKE MEMORIES WITH YOUR FAMILY AND FRIENDS,” then you know the property has a problem. And in this case the problem is you are not being sold a beach house. You are being sold a 20% share in a beach house. And that means that you get the house on Tuesdays and every third Wednesday.
Still want the house? It’s in a flood and a fault zone! Too bad the nuclear plant’s in another zip code.