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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Wed, 2 Mar 2005 09:47:14 -0600 /

Author of the message: Casey

Title of the message:
Re: What is going on with the market?

Text of the message:
orangetrader said

> I am using a knowledgeable agent.  The agent did a comp for me and came up
> with a price BELOW what I offered.  I know my price is not low ball for
> sure.  

Well, it might not have seemed lowball to you, but it did to the
seller.

> The problem is the market is crazy and many sellers are getting full or
> above listing price, as I said in my original post, one property purchased
> at 435K in December  2004 is asking 595K in Jan 2005.  It's surreal is all
> I can say.

But see, you knew this before you made your offer.
Your words:
"Last week I made an offer on a house.  It was listed for 669K."
"I made an offer of 615K with a 30K deposit.  I had a preapproved loan
letter from a lender."
So what the heck did you expect?   He had it listed for $669K and you
offered $615K knowing that houses are selling at or above listing
prices.  To the seller, an offer $54K under his asking price would have



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