Comments on: Seattle PI on seller incentives

By: nitsuj

nitsuj — Fri, 19 Oct 2007 22:03:14 +0000

I don’t think she’s getting a hard time on her market timing, I think it’s more the fact that there are better units for less available in her building. But hey, more power to her, someone may buy it…

By: Matt

Matt — Thu, 18 Oct 2007 17:47:24 +0000

Check this out: http://blog.foreclosure.com/2007/10/12/condo-for-sale-sorta-own-a-piece-of-miami-for-3550/

By: Chris

Chris — Thu, 18 Oct 2007 16:55:09 +0000

As much as I’d like to give her a hard time for being a Realtor� and not understanding basic economics, no one could accurately predict when the market would come apart. the bubble theoerists had been at it for over two years and the market was red hot as ever when she signed the PSA, I’m guessing Spring 2006.

By: richard

richard — Thu, 18 Oct 2007 16:39:33 +0000

Regardless of whether it was purchased presale, the inventory levels were a lot lower when she signed the contract. Now there are close to a hundred condos for sale within 5 blocks of hers and there will be hundreds more coming on the market over the next year.

Tight inventory supports high prices. Inventory is no longer tight.

By: faster

faster — Thu, 18 Oct 2007 03:01:14 +0000

But it’s only seconds away from the Locks!!

The Locks!!!

You can see the rising water, the salmon ladder, and everything! Think of all the time you’ll save when your parents visit. It used to be you had to drive to The Space Needle, Kerry Park, and the Locks, but now…you’re only seconds away from the Locks!!!!

And on those days when you’re really, really bored, you can visit the Locks because they’re only seconds away! I for one don’t think you can really put a price on that.

By: nitsuj

nitsuj — Thu, 18 Oct 2007 02:14:17 +0000

AH-HA!

By: Matt

Matt — Wed, 17 Oct 2007 18:00:47 +0000

Nitsuj, she bought it at presale and closed in September at that price.

By: jo

jo — Wed, 17 Oct 2007 18:00:41 +0000

she most likely reserved it over a year ago and closed on it 9/11

By: nitsuj

nitsuj — Wed, 17 Oct 2007 17:51:14 +0000

“She paid $319,900 on 9/11/2007, and her asking price is $385,000.”

If she really did buy it in September I guess real estate agents ARE as clueless as we give them credit for!

/broad generalizatoin

By: jo

jo — Wed, 17 Oct 2007 17:49:01 +0000

And realtors wonder why there is such disdain for them and such a want for companies such as Redfin!

They’re digging their own grave.