I hope I'm in the right place

NEW -> Contingent Buyer Assistance Program
[quote author="manchesterjack" date=1208249345]There were no offers because the price was just a little too far north of where it needed to be. I MADE THE MISTAKE OF LISTING THE PRICE TOO HIGH.</blockquote>


<strong>Can I get an AMEN from the congregation?!</strong>
 
Good luck when you relist this property Manchester. It sounds like you understand that (one of) the worst thing(s) you can do is list your property too high in this market.



From the sound of things perhaps I should be wishing you luck in convincing your ex to list the property to sell though.
 
<em>MJ, do I have your permission to post the old mls listing? Your agent did an xlnt job and I think it would help others here help you. </em>



While I think this post will draw attention to the listing, I don't necessarily think it's a good thing.... He's laying out his entire hand....



....or was that the entire reason for the post.... hmmmm. Sniff Sniff....I smell something.
 
manchester was/is probably half looking for advice and half drumming up some interest in his property... It would be smart to do so. Heck, I'd do the same thing in the same situation.
 
The only way to get honest answers is to be honest up front. Right now there are a few good comments that I would still like to think over but the house will obviously be back on the market. I really think that the wifes reluctance to face the facts, ie. the price is dropping, is a natural thing. Stupid, ignorant and greedy, but natural. The mistake I made was that it was just enough of an influence on me to stop me from dropping the price to what it should have been. I was basically a month or 2 behind, or 25k to 50k above. The time that passed over the months has eaten into those price drops so they were worthless in the long run. I'm going to give all of this a lot of thought and then with a new agent, a realistic price, and some clear objectives we'll give it another go. I'm hoping that this forum is going to help me a little more and I'll make no secret about that. The help it has already been is fantastic.
 
[quote author="manchesterjack" date=1208261151]The only way to get honest answers is to be honest up front. Right now there are a few good comments that I would still like to think over but the house will obviously be back on the market. I really think that the wifes reluctance to face the facts, ie. the price is dropping, is a natural thing. Stupid, ignorant and greedy, but natural. The mistake I made was that it was just enough of an influence on me to stop me from dropping the price to what it should have been. I was basically a month or 2 behind, or 25k to 50k above. The time that passed over the months has eaten into those price drops so they were worthless in the long run. I'm going to give all of this a lot of thought and then with a new agent, a realistic price, and some clear objectives we'll give it another go. I'm hoping that this forum is going to help me a little more and I'll make no secret about that. The help it has already been is fantastic.</blockquote>


Good luck MJ. Keep on eye <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1644586">on this one</a> which is close to your place. They don't back to a street, have a huge lot, and have pool. Also slightly larger. If they are at $799K, you probably need to be listed down near $725K at max. I still think $699K or a range pricing $675-725K would work. Similar sized place on Phillipsburg got into escrow recently at a $709K list. I assume you have seen <a href="http://www.ipoplaya.com/">my site</a>, but if you haven't, you should check it out. You can what kind of prices have gotten places into escrow and also what things have closed for...
 
[quote author="IrvineRealtor" date=1208251489][quote author="manchesterjack" date=1208249345]There were no offers because the price was just a little too far north of where it needed to be. I MADE THE MISTAKE OF LISTING THE PRICE TOO HIGH.</blockquote>


<strong>Can I get an AMEN from the congregation?!</strong></blockquote>


<strong>Hallulahija!!</strong>



-bix
 
After reading another thread with many examples of sellers chasing the market down, it occurs to me that if one wants to sell a home in this market, the best strategy would be to price the property <strong>under</strong> whatever the perceived market value is, and let buyers bid the price up, instead of chasing prices down.



It's the price. That's all.
 
Manchester,



Asians are extremely superstitious with bad feng shui. They do not want to inherit bad karma like divorce. They are all looking for a good house with healthy marriage and prosperity. In your case your home is riddled with bad "chi" and they would not buy it regardless of price.



Asians are not handy with house repair and your home is at the proper age for that annual physical check up. They do not want house repairs.



Asians are into newer homes and master-planned communities with strong monumentations and tree lined street. Your street is from the bad 70's era.



Asians are concerned with crime and bad neighbors. Old cars parked on neighbors driveways and curb side are the indications of potential "trashy" neighbors. They are looking for the Mercedes and BMWs parked in your neighborhood.



Asians do not like wood texture on the exterior of houses. Your neighborhood has plenty of them. Wood texture homes in Asian countries are houses for the poor folks. Concrete, plaster and stone are rich people's house materials.



Your RE agent speaking their languages would be a plus.



I apologize for being too direct but I hope that you will get the picture.



I have never seen your house but I think your house footprint is an "L" shape. Walls and tree are often employed by feng shui master to complete the "L" into a rectangle. The missing "corner" on your house footprint is the marriage/family corner.



Good luck!
 
Well bk that seemed a little too much... uh... stereotyping.



But I do agree that reading this saga is something that a lot of others selling their homes should probably read; they could learn a lot about things they could improve in order to make their home more desirable to a buyer.
 
After re-reading that post, I took it to be non-serious... at least, I thought that was the intention... hahaha, ok, neh-neh time for me.
 
[quote author="k.o." date=1208350661]After re-reading that post, I took it to be non-serious... at least, I thought that was the intention... hahaha, ok, neh-neh time for me.</blockquote>
Actually, he was very serious and he gets paid well for the kind of market research he graces us with. Don't make the mistake of confusing trends with generalizations, bk isn't out to oppress anyone or fuel any stereotypes. He just studies why people do what they do and then reports back with his observations.
 
Thank you for the kind compliments Nude and CalGal. I have studied this particular buyer group for 25 years. This group of buyers and their preferences have changed the way developers think and that included the most powerful developers and builders through out California. Locations of strong Asian influence share similarities in community and house aesthetics. Irvine, San Jose, San Ramon, Fremont, Cupertino, Chino Hills, and Pleasanton are just some of the communities driven by Asian formula.



In the last 15 years, facets of Asian preferences have been incorporated into housing like no stairs directly aligned with the front door, the expression of stones on walls and elevations, the use of masonry bricks in neighborhood monuments, the use of plaster instead of wood on house exteriors, the monumental rows of planted trees, and the elimination of odd shaped lots are just a few elements that the rest of us having to live with because of the Asian home buyers.



Troop, the avatar is my favorite housing style. Asians will never buy my avatar house. I should convert the single door to a double door on my avatar house to attract the Asian buyers!! I also need to stucco over the beam details like the homes in Montery Park and Alhambra. I am working on a project in Port Towsend Washinton that feature this cottage style similar to Ross Chapin's creations. I like your taste level: case study houses and down to earth cottages.
 
[quote author="skek" date=1208390636]The question is, does the house in bk's avatar have good or bad feng shui?</blockquote>


My avatar house has no stairs aligning with the front door and it is not big enough for a back door to line up with the front door either. To make it into good feng shui I need a pair of double doors but I have no room across the front. The narrow walls on both sides of the front doors are called "shear panels" for seismic lateral forces. I can't remove them or my house will begin to torsion and then cave in onto my "great room".



For those Berkeley Math grads, my house is perfect for you. If you understand this then you are old.
 
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