November 5, 2011

Using Zillow for Advertising: Buy These Houses for a Buck Each

Today’s finds are from Burbed reader Tracy, featuring the double delights of craptacular East San Jose properties with aggressive out-of-the-box marketing, and that’s just for starters!

 

Somewhere on Clayton Road, San Jose 95127
$1

image

For Sale:$1

Zestimate®:$288,800

Mortgage: $0/mo
Beds: 2
Baths: 1
Sqft: 1,152
Lot: —
Type: Single Family
Year built: 1949
Parking: —
Cooling: —
Heating: —
Fireplace: —
On Zillow: 34 days
County: Santa Clara
Covered parking spaces: 2
Legal description: —
Parcel #: —
Per floor sqft: 1,152
Zillow Home ID: 2124087924

COMING SOON. WE DON?T KNOW THE PRICE YET. BANK OWNED! IF YOU’RE A SERIOUS BUYER CALL ANN 408-561-7539 OR E-MAIL SOLDBUYANN@GMAIL.COM FOR SHOWING & WRITE UP OFFER TODAY! IF THIS IS NOT THE HOUSE FOR YOU, WE HAVE OVER 50 MORE FORECLOSURE LISTINGS THAT WILL BE GOING ON THE MARKET/MLS SOON!Brokered AndAdvertised By: Ann ThaiListing Agent: Ann Thai

Here’s what Tracy had to say about this and some other similarly placed houses by this agent.

imageYesterday I discovered a Zillow mystery. An Agent Ann Thai who advertises “ foreclosures to come”  by listing the houses with no address, or no price. See “clayton rd, SJ CA  # 95127 .”  I found numerous postings by this realtor, all with the same MO. Not sure if it’s a scam, but something about it seems like a manipulation of the MLS system/ Zillow. 

Let me know what you think if you have a chance. Is it wrong?  I am wondering if I should call, but I have called these forclosuretors before and it was nothing but slime.

What do you think, readers?  Is this nothing but slime?  Couldn’t there be some sleaze and scum in the frothy mix as well? Tracy sent this in two weeks ago, so clearly this realtard has a looser definition of “soon” than most of us do.  Kind of like “mañana” but without the sense of urgency.

Here are two more properties listed in the same way, but with addresses so you can check them out a little more.  First we have a high-res, high visibility property in not-Campbell with a “potting shed.” The quotation marks say it all: something was spinning in there.

176 N Bascom Ave, San Jose 95128
$1

image

and this one that has a watermark in the tanbark, along with “Landscaping, carpet, paint, linoleum, fixtures, lights, heater&more!”  So many extras!

1258 Ortiz Ct, Sunnyvale 94089
$1

image

Each of these homes in turn link to Redfin pages saying “Foreclosed Home: Not for Sale” as you can verify yourself for both the Bascom Ave and Ortiz Ct properties.  You can also get the full text on the Zillow links on each address, and most of it is an assurance that there are 50 MORE FORECLOSURE LISTINGS THAT WILL BE GOING ON THE MARKET/MLS SOON.

Also let us know how you do making a full asking price offer of a dollar on any of these winners!  You could be featuring an even faster flip than the pros in Redwood City can manage, and we promise to give it plenty of Burbed love.

Comments (7) -- Posted by: madhaus @ 5:06 am

7 Responses to “Using Zillow for Advertising: Buy These Houses for a Buck Each”

  1. SEA Says:

    What do you think, bid 15 to 20% over asking?

  2. Divasm Says:

    After careful analysis of the current housing price trends, I’m thinking no more than .85 – but who pays for the Kinko’s fax for the offer? Because that’s an added fee of $1.50 per page.

  3. Mole Man Says:

    Old and busted: Realtors that are not very good.
    New hotness: Realtors that are not even realtors.

  4. The Gilroy Alex Says:

    Aah, Saturday, Burbed, and the NAR’s radio show, Real Estate Today.

    To give you an idea of how out of touch the NAR is, the theme music for this show is “If The House Is A’Rockin’, Don’t Come’a Knockin'” which is a famous saying/bumper sticker from the golden age of customized vans, or shag-wagons. Non-optional equipment seemed to be a bumper sticker with just this saying on it. The idea being, if the van is rocking, its owner is getting busy with a gal thus making it rock back and forth…… So why would this be the NAR’s radio presence’s theme song? Is the guy living in a van because he can’t afford a house? Did he lose his house? Is it a RE agent boffing your daughter? W…T…. F….?

  5. nomadic Says:

    Hey, Gilroy Alex, times are tough! Why pay for a hotel for a little action with your honey in a new locale when you can tell a realtor the two of you need a little privacy to decide if you want to buy the house…

  6. * Says:

    http://www.redfin.com/CA/San-Jose/176-N-Bascom-Ave-95128/home/715934

    went reo.
    listed at $234,500

  7. SEA Says:

    #6- That’s after a $393k foreclosure.

    “B of A pre qual must be submitted with any financed offer.”

    How many of these losses can our “too big to fail” BofA handle? My guess: These $150k++ hits only get expensive for ordinary folk. And to think, so many people were talking about “flat screen televisions” not that long ago. How many flat screen televisions could be purchased for $150k?

    My guess is that $150k is a lifetime of gasoline for the average driver. That’s 37,500 gallons at $4 per gallon, or 37.5 years of 1,000 gallon per year consumption [=20 gallons per week]. If I had a budget of $4,000 per year for gasoline, I’d be way under. In fact, I have not spent $4,000 total in the last 2 years.

    At least for the RBA these low prices have no impact on housing price appreciation.


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