Posts Tagged ‘Realtor’

Gasping For Breath In the Salt Air

December 8, 2009

Under water, and feeling scared.

This whole home search has become bogged down.  I’ve got a life-savings-sized pile of loot ready to go, a wife and daughter who have taken to declaring that they’ll do this or that, “once we get into our new house,” and even I have just about had it with the indignities of our current rental situation, lovely, and even enviable, as it may be.

Why the bogginess, you ask?  It’s the sellers.  The over-leveraged, overambitious (circa 2006) home “owners” who went for the brass ring, and realize now that the free ride they were looking for was merely a mirage.

As an example, let me tell you about the perfect house we found.  It’s really nearly perfect for us.  (more…)

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A Crystal Ball Into the 4th Quarter

October 24, 2009

In February of 2008, the following news about Q4 2008 home sales was released by an industry trade group:

Most metropolitan area median home prices, impacted by distressed sales, trended down in the fourth quarter from a year earlier.  At the same time, existing-home sales rose in only six states from the fourth quarter of 2007, according to the latest survey by the National Association of Realtors.

That median home price stat is somewhat irrelevant to the Shadow Buyer family.  If there existed such a thing as a median priced home in Brenwtood or Santa Monica, believe me, I would never have been inspired to create this blog.  I would be playing in my median backyard with my far above median kid.

For Q4 2009,  in the micromarket that I hope to call home, based on my reading of the market, I predict that (more…)

No More $3.5 Million Typos, Please

October 12, 2009

Our friends at 2SWAP.com took a break from building their book swapping service to take Realtors to task for their questionable use of language and syntax.  It’s worth a read.  Here’s an excerpt:

“But there is a special class of typo that has really been bugging me lately. Call it the $3.5 million typo. Here in Los Angeles, real estate is expensive. Houses for sale are listed on the Multiple Listing Service. This is an online repository of information on properties available for purchase in the city.”

“So, here’s my issue…if you are a realtor, and someone entrusts you to sell what is most likely their most valuable asset – in many cases a home worth several MILLION dollars – could you please, please, please pay a little bit of attention to the 40-word blurb you publish to describe this house.”