Housing market is too far gone.

[Bill The Butcher]

Agent talked to the selling agent.

They turned down 305 with 40% down.

Greedy motherfuckers. We're OUT - off to the next.

Here's the listing

https://www.zillow.com/homedetails/11-N-11th-St-Saint-Charles-IL-60174/4660512_zpid/

 

[stevezissou]

What that tells me is bank is taking an L already, I'd pass brother.

$300K for 1 bathroom and mismatching lattice? OUT

Agent talked to the selling agent.

They turned down 305 with 40% down.

Greedy motherfuckers. We're OUT - off to the next.

Here's the listing

https://www.zillow.com/homedetails/11-N-11th-St-Saint-Charles-IL-60174/4660512_zpid/

You are welcome

 

[Menger]

Wat? They stopped making payments. Bank wants their money back. Previous "owners" get remaining amount towards any built equity.

why wouldn’t the owner just sell it themselves before getting kicked to the curb

 

[Bill The Butcher]

why wouldn’t the owner just sell it themselves before getting kicked to the curb

maybe they died from Covid

 

[Downset]

why wouldn’t the owner just sell it themselves before getting kicked to the curb

Ideally they would have. But we don't what their circumstances were.

 

[Downset]

Agent talked to the selling agent.

They turned down 305 with 40% down.

Greedy motherfuckers. We're OUT - off to the next.

Here's the listing

https://www.zillow.com/homedetails/11-N-11th-St-Saint-Charles-IL-60174/4660512_zpid/

Is it priced significantly lower than comps? Did they make any necessary repairs that need to be recouped?

 

[Bill The Butcher]

Is it priced significantly lower than comps? Did they make any necessary repairs that need to be recouped?

She mentioned one comp in the area for 291. I have no idea about the repairs but possible yeah.

I'm over this one. It felt too good to be true so not surprised it didn't work out.

 

[stevezissou]

She mentioned one comp in the area for 291. I have no idea about the repairs but possible yeah.

I'm over this one. It felt too good to be true so not surprised it didn't work out.

Usually if a house is on the market more than 30+ days it is priced too high.

Just my .02 cents.

 

[cASe SenSiTive]

Agent talked to the selling agent.

They turned down 305 with 40% down.

Greedy motherfuckers. We're OUT - off to the next.

Here's the listing

https://www.zillow.com/homedetails/11-N-11th-St-Saint-Charles-IL-60174/4660512_zpid/

Absolutely sucks that the bank doesn't want to make a deal. The house looks really nice. LOVE all the vintage woodwork and doors. Property looks good and three garage spaces is a bonus.

 

[kwhitelaw]

Usually if a house is on the market more than 30+ days it is priced too high.

Just my .02 cents.

Likely more due to the single bathroom but yeah you're right

 

[Menger]

Usually if a house is on the market more than 30+ days it is priced too high.

Just my .02 cents.

My neighbors are at 155+ days. No price change either. They are probably comparing to what I paid for my place next door and don’t want to move down. But I have a lot nicer yard and no HOA

 

[Bill The Butcher]

Usually if a house is on the market more than 30+ days it is priced too high.

Just my .02 cents.

Selling agent said they are not considering lower offers until 90 days.

If this situation would come up again, will most selling agents be more up front about that. Would have saved us a lot of time and mixed emotions the last few days.

 

[Remy Bressant]

My wife LOVES this house. I like it a lot. The area is going to be hard to beat. We're going back in at 290 with a max of 295.

Hopefully our shitty beginning offers don't skew things with them but don't know how that works.

Wrangle your hen and your emotions. This is a bad decision. It will take 6 figures in remodels to sell it when you need to.

 

[Remy Bressant]

DELETED SO @Bill The Butcher WONT HAVE TO HOLD SOMEONES POCKET IN JAIL

 

[Remy Bressant]

FYI - posting information required to commit crimes and then literally instructing people to do so isn’t a good idea.

 

[kwhitelaw]

Selling agent said they are not considering lower offers until 90 days.

If this situation would come up again, will most selling agents be more up front about that. Would have saved us a lot of time and mixed emotions the last few days.

90 days is longer than I've ever seen for a REO to drop price but who knows

The listing agent works for the seller so don't be surprised if no one wants to go off the record and tell you they'll take less

I'd focus more on not seeing houses well outside your comfort in hopes they'll drop price. Likely wasting your time

Around here, if your max was 295 I'd be trying to show you stuff around 285 tops so you'd have room to escalate up if multiple offers.

 

[Bill The Butcher]

90 days is longer than I've ever seen for a REO to drop price but who knows

The listing agent works for the seller so don't be surprised if no one wants to go off the record and tell you they'll take less

I'd focus more on not seeing houses well outside your comfort in hopes they'll drop price. Likely wasting your time

Around here, if your max was 295 I'd be trying to show you stuff around 285 tops so you'd have room to escalate up if multiple offers.

this is the first one we've seen over budget and only went because she thought they would go lower.

@Remy Bressant delete your post then too that quoted mine

 

[kwhitelaw]

this is the first one we've seen over budget and only went because she thought they would go lower.

@Remy Bressant delete your post then too that quoted mine

Makes sense. Never know they may drop price sooner than 90 days

 

[Downset]

FYI - posting information required to commit crimes and then literally instructing people to do so isn’t a good idea.

If you really cared, a PM would have been more sensible, rather than quoting his post

 

[Remy Bressant]

this is the first one we've seen over budget and only went because she thought they would go lower.

@Remy Bressant delete your post then too that quoted mine

Gotchu fam

 

[Remy Bressant]

If you really cared, a PM would have been more sensible, rather than quoting his post

Shhh, realtors don’t get to speak directly to real men. You sit down when you pee after posting in my forums you gold blazer ass hoe.

 

[amalgamas]

Wrangle your hen and your emotions. This is a bad decision. It will take 6 figures in remodels to sell it when you need to.

this

and not like low six figures, we're talking potentially as much as you paid for the house.

 

[Downset]

Shhh, realtors don’t get to speak directly to real men. You sit down when you pee after posting in my forums you gold blazer ass hoe.

 

[Boing]

Usually if a house is on the market more than 30+ days it is priced too high.

Just my .02 cents.

My neighbor's house had it's listing removed after 120 days - just last week.

Curious to see if it closes in the next month or so or if they just pulled it off the market. They never dropped their price since it was listed originally back in October.

 

[Downset]

My neighbor's house had it's listing removed after 120 days - just last week.

Curious to see if it closes in the next month or so or if they just pulled it off the market. They never dropped their price since it was listed originally back in October.

I went back to look at that listing again and it doesn't appear to have even been on the MLS. Was it an FSBO?