With examples from real life
-first, get in just under the wire and buy a house for $757,500 in June 2006, right as the market is starting it's downward slide
-13 months later, after the slowdown has had some time to really take hold, list the house for $925,000, or 22% more than you paid (buyers have been known to offer less than list price, plus you've got closing costs and who knows what, and you want a little profit, so you need a little cushion)
-then watch in amazement as buyers show no interest, but don't let it get to you
-blame your agent
-OK, give in a little and show you're a fair guy who's willing to deal - reduce the price to $899, then $859, last offer, $825 anyone. Screw that, back up to $850
-watch as market conditions get really bad, as sales dry up, prices keep sliding and credit disappears
-put VERY MOTIVATED SELLER in listing description, usually that'll get 'em
-hang tough at $850, a measly 12% more than you paid, hey, you got closing costs
-you've gone this far, don't give up now, the right buyer is out there
-grab new listing flyer from box at front of house as moving van full of your stuff pulls away
-SOLD AS-IS, NO WARRANTIES, NO CLUE, NO SPDS, *FORECLOSURE*REO*BANK OWNED*LENDER OWNED* $649,000, $639,000, $629,000, $619,000, $599,000, $590,000,$581,000, $569,000, $509,000
-Kiss it all goodbye
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