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Sellers and Realtors have regained their confidence

Started by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007
Discussion about
My low ball bids(ie 25% below ask) were getting counters in the summer...NOW I get NOTHING....boy this market reverted back so quickly....didnt even have time to catch my breath! SUCKS!!!!!!!
Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

how many times can you post this exact same thread?

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Response by mimi
about 16 years ago
Posts: 1134
Member since: Sep 2008

Mhillqt, I dont know whats you agenda, but we happen to know you passed on an apt you liked some months before, and you cant find one for that price now. I remember also that that apt sold for more that you wanted to pay. Now, this market has not reverted, at least not in my saved listings. You have no other posters stating this. I wonder what exactly prompt u to start this thread, Please, bring comparables to the table.

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Response by maly
about 16 years ago
Posts: 1377
Member since: Jan 2009

Are you offering the same amount of money, or are you offering 25% less than ask even if the ask is lower than last summer? I am not seeing that much difference from last summer, except that there are fewer interesting listings. Some sellers are more flexible than others, butthat was true 6 months ago. The market seems flat after the big adjustment from last September 08-June 09. There is definitely less fear than last winter, but I don't think anyone is seeing price increases in the near future.

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Response by Trompiloco
about 16 years ago
Posts: 585
Member since: Jul 2008

Mhillqt is a realtor in disguise. I said it when he first sang this exact same tune 6 ms ago, and I'll repeat it now, after he has posted these hyperventilating realtor-posturing-as-anxious-buyer threads a million times. Don't feed him.

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Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

Plus do we really need to read about his low balls? This is a family real estate discussion board. Keep that sort of thing in Murray Hill.

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Response by 30yrs_RE_20_in_REO
about 16 years ago
Posts: 9881
Member since: Mar 2009

"Sellers and Realtors have regained their confidence "

"All you need in life is ignorance and confidence, and then success is sure" Samuel Clemens/Mark Twain

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Response by NWT
about 16 years ago
Posts: 6643
Member since: Sep 2008

hehe Love that quote.

Mhillqt, you may be reading too much into everybody saying 2/3 of the stuff for sale is priced 20% or 30% over the market.

That doesn't mean you can offer 25% less and expect that to trigger some kind of revelation on the seller's part. "I see the light! Better grab this offer!"

People get real in their own good time, so not much point trying to force them.

Just looking at what's been closing and their listing discounts, there're very few approaching 25%, along with a few at or above asking, and the median is still around 6%.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Mhillqt... indeed it's not the market, itz your inability to earn more. Here is the deal, you know the question "what can you afford?", usually I knock it down with "it's what I am willing to pay," cause I never look at something if I can't afford at full price ( but I lovez a discount). For your mhillqt, it's one in the same stmt... so plz don't look at a $10MM boat if your "what can you afford" is a catalina 27.

F'ing mhillqt... grow up.

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

GOSH.....i feel the love here starting with aboutready and w67th.....if i feel like posting this 100x i will.....its just what im seeing......it was MUCH MUCH MUCH easier to lowball and get noticed earlier in the year....now its not at all...you dont even get paid attention to....I THINK ITS RELEVANT to this board and to the discussions on here....and i will continue repeating it since its continuing to happen >....AND NO IM NOT A REALTOR.....anyway......i think this thread is much more relevant than discussing the streeteasy get togethers.......

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

Mimi....rather than mention the specific apts...i can just say that when i lowballed 25% off ask.....it got noticed ......hasnt happened on any of the 4 or 5 apts i lowballed on since october...ie they dont even pahy attention to an offer thats 25% below ask......and the apts are overpriced at "ask"

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Response by mimi
about 16 years ago
Posts: 1134
Member since: Sep 2008

My experience is different. And I dont post it 3 zillion times.

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Response by jimhones09
about 16 years ago
Posts: 195
Member since: Aug 2009

overpriced doesn't come close to an owner accepting 25% off the asking rent. are you seeing comparable apartments at 25% less? if so, why aren't you bidding on them?

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Response by jimhones09
about 16 years ago
Posts: 195
Member since: Aug 2009

asking sale price i meant, sorry

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

mimi.....95% of the people on here post and say the same thing over and over again.....bear vs bull stories galore....

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Response by mimi
about 16 years ago
Posts: 1134
Member since: Sep 2008

95 % of buyers here say this...oh wel....I dont know where I have been the last 17 months...you are the only poster that cries a river about having lost the golden opportunity...

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Response by Hugh_G
about 16 years ago
Posts: 223
Member since: Aug 2009

"Sellers and Realtors have regained their confidence"

Unfortunately, they haven't regained their competence...

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

mimi..perhaps because im the only one on this board thats actually bidding on properties and trying to get a good deal...

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Response by mimi
about 16 years ago
Posts: 1134
Member since: Sep 2008

I actually made an offer 2 weeks ago. And I am so invested in getting a good deal (because think properties are likely to lose value on the next 2 years) that I have not been able to buy yet at the price I want to get. I am not freaking out because, eventhough some listings are selling, there are a lot that are not.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

mhillqt, ooooo, the market isn't my FRIEND. get real. if you had bought you would be following every dip and moaning that perhaps you had paid too much. you're not hard wired to be sanguine about a real estate purchase under these circumstances.

"im the only one on this board thats actually bidding..." self-aggrandizing much? or you just aren't following along, as there have been many, many threads recently involving people who are indeed bidding on properties. have we heard of any of your bids since this summer, hmmm? have you found another two or five perhaps perfect murray hill apartments in your price range?

actually, the conversations regarding the get togethers are much more interesting than your incessant whining.

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Response by nyc10023
about 16 years ago
Posts: 7614
Member since: Nov 2008

Mhillqt - you're in an RS apt, saving lots of $, right? Forget this RE crap for a while, and treat yourself to something. Don't even look at what's on the market.

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

nyc10023...good advice....

aboutready....sorry you need to verbally attack so much on this board....take care.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

mhillqt, sorry you need so much reassurance on this board. every time you come on and every time we all say the exact same thing and you say good advice, and then you come back to tell us that the market is HOT HOT HOT, and you're bids are NOT NOT NOT. please.

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Response by Mhillqt
about 16 years ago
Posts: 405
Member since: Feb 2007

about ready....not going to get into it with you like so many others have....good luck

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Response by columbiacounty
about 16 years ago
Posts: 12708
Member since: Jan 2009

its all ok...you're ok...i'm ok...everyone's ok....not to worry, you're ok.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

mhillqt, thanks, i guess. everyone could use some luck.

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Response by nyc10023
about 16 years ago
Posts: 7614
Member since: Nov 2008

Another suggestion - get one of those cleaning services to do a top to bottom cleaning, including putting things away, reorganizing kitch drawers, etc. They will even pull your clothes out of your dresser and refold, rehang, etc. Maybe a new paint job, new furniture... much cheaper than buying an apt...

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Response by spinnaker1
about 16 years ago
Posts: 1670
Member since: Jan 2008

Can you give us a couple of examples of what you're bidding on Mhillqt?

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

sure spinny. it's a 150 sq ft, at $1000 psf. with a $2K month nut. Enough room for 3 catz, maybe 4 if they play nicely.... but everytime I bid $112,500.00 a prada wearing, too feminine male, with really tight pants and his 3 euro-trash girlfriends bid $150K...... i think in italian they are saying to each other....

"buy now it's al dente for only 10 seconds...... my euro and penis have gotten much bigger this summer!" Ciao mhillqt.... perhapso nexto timo...

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Response by jimstreeteasy
about 16 years ago
Posts: 1967
Member since: Oct 2008

mhil,,,you deserve what was known in the days of M. Thatcher as the "hand bag treatment",,,i.e., a big wallop over head delivered by an intelligent female

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Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

Ruth Buzzi.

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Response by Lecker
about 16 years ago
Posts: 219
Member since: Feb 2009

30 yrs is spot on with that quote!

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Response by West34
about 16 years ago
Posts: 1040
Member since: Mar 2009

Mhill -- last night's South Park reminded me of you. Cartman has to wait 30 days for his Nintendo Wii, but he just can't handle it. Waiting drives him so crazy that he freezes himself in snow so that 30 days will feel like an instant.

Might I suggest that you spend the next 12 months like Cartman, "frozen", at one of your many local watering holes. The time will pass, and when you finally push yourself away from a last round of chicken fingers and beer, all your desired Murray Hill one bedrooms will be priced around $650psf!

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Response by glamma
about 16 years ago
Posts: 830
Member since: Jun 2009

Mhillqt I do feel bad about your lost opportunity, but jesus christ w67th, you are freakin hysterical.

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