$300,000 Half Acre Lot / Pines Blue Mountain Beach / LOWEST PRICED LISTING

[rancid]

If you consider buying anything war, I agree with you. If you consider that there is a life after the transaction, I disagree. If you go into a car dealership, and purchase a vehicle where the salesman earns 50 bucks, and the desk takes in not much more than holdback, I guarantee there may come a day when you'll need service, and it won't be there. You'll have to go elsewhere. Service talks to retail, and decisions are made on the value of the relationship. Today, a local Toyota dealership replaced a high labor, non-warranty item on my wife's minivan because they value my business. I bought my 1st car there over 25 years ago. I want the retail guys to make something, because I want to be welcome there. You may take the short view, and that's fine. Most people conduct themselves accordingly. It's why the Yellow Pages have lots o' lawyers. Regarding real estate, there is a life in the community you buy into. You can take someone to the mat who is down on their financial luck, and I'll bet you'll see them again just when you least expect it. Having cost basis info is not a license to act like just the person you don't want residing next door, nor does it mean you pay up. It's your call, but one day you may be on the other side looking up. I, for one, think price is but one component of the deal. It's also about what you're buying, the use of said item, and when you buy it. I don't think the real estate mantra is price,price, price is it?

Doesn't anyone here believe in free market, supply and demand economics. It is not rocket science. Pay the lowest amount the market will bear. All the other hogwash about community and service is just that.
When I am screwed by insurance companies, credit card companies, gas companies and such, I don't complain about goodwill and doing the right thing. It is just business-- no hard feelings, right

 

[fisher]

Emotion happens and will continue to happen, the same way a parent who is disciplining a child will always still love that child, but isn't gushing with sentiment while they discipline.
Yes, sometimes it doesn't work out in a transaction and one moves on and in real estate today easily may find something else.
Friends of mine made out better in their Sowal purchases, others didn't.
Someone on this Board, oh, it was Shelly , said to buy memorable experiences. That's what I did. I bought a lifestyle I never imagined, lifelong friends, great memories, some headaches along the way too,
My point is you just can't put a price tag on everything.

Looking up a home sellers cost basis is like sneaking around someone's underwear drawer.

I hope no one wants to buy my underwear. But, if someone wants to buy my house, I have no problem with them looking in the public records for my cost basis.

 

[elgordoboy]

Verrry good.

 

[SHELLY]

If your foolish enough to think the cost for the parcel is the only thing the owner's rolling through his head while you're lowballing him/her, you're kidding no one but yourself.

And if they decide to walk away from my cash offer, they can add to their collection of "vacations not taken and indulgences not enjoyed," their choice.

Business is business.

(Disclaimer: I'm not looking for any real estate investments, but if I were, I'd use the "business card" method.)

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[SHELLY]

Looking up a home sellers cost basis is like sneaking around someones underwear drawer.

My belief is when you're going to plunk down a tidy sum of money, it's imperative that a buyer throughly do their homework--check out every shred of information available. The 3 most important things in Real Estate is...Information, Location and Price.

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[Mango]

My belief is when you're going to plunk down a tidy sum of money, it's imperative that a buyer throughly do their homework--check out every shred of information available. The 3 most important things in Real Estate is...Information, Location and Price.
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I agree.

I suppose in that market where flipping homes like day traders became the norm, the idea of researching a sellers life and fiscal history became akin to researching a corporations balance sheets and CEO's when buying stocks.

For the end user it becomes much more than bricks and mortar and whether they closed the transaction knowing they measured every penny in the gas tank.

I live in an end user market and R.E. public records are not available on-line, only by visiting the clerks office. Somehow people managed to buy homes/condos/coops here without knowing the price paid by the seller.

 

[fisher]

I agree.

I suppose in that market where flipping homes like day traders became the norm, the idea of researching a sellers life and fiscal history became akin to researching a corporations balance sheets and CEO's when buying stocks.

For the end user it becomes much more than bricks and mortar and whether they closed the transaction knowing they measured every penny in the gas tank.

I live in an end user market and R.E. public records are not available on-line, only by visiting the clerks office. Somehow people managed to buy homes/condos/coops here without knowing the price paid by the seller.

Times they are a changin. The internet is making most markets much more efficient.

 

[elgordoboy]

Full disclosure- I am all for the seller making as much as posiible and the buyer paying as little as possible. With the underwear analogy--the research I did before buying my house would be more like having sneaked through the underwear drawer and then pranced around with the panties on my head. Though if prices keep dropping in the short term I'm gonna feel like the undies were soiled grody!

 

[Mango]

Real Estate Research Must Read

The Riot Brothers Tell All, by Mary Amato, tells a story about two boys, Orville and Wilbur Riot, and how they have no shortage of daily adventures. Sometimes they are rea estate undercover detectives. and they challenge each other to see who can get the most underwear on his head in exactly thirty seconds. Having trouble keeping up with Wilbur and Orville? Follow Riot Brother Rule #4: Run, do not walk, whenever possible.

 

[SHELLY]

I suppose in that market where flipping homes like day traders became the norm, the idea of researching a sellers life and fiscal history became akin to researching a corporations balance sheets and CEO's when buying stocks.

Not exactly.

It is true the "flippers" were akin to "day traders," BUT day traders (like their flipper brethren) are speculators who don't take time to research fundamentals--they operate only on greed and momentum. They burn white-hot and then die hard and fast--they franticly chase the market up and then, blinded by their greed, tumble down.

Successful "investors," on the other hand, take time to research the fundamentals and gather information on corporate balance sheets, CEOs, etc, before plunking their money down. They are in it for the long haul and are well aware of the market's ebbs and flows. They also have the patience to wait for the market to come to them instead of furiously running after it with the crowd and have the wherewithal to occasionally take profits along the way.

Then there's the "Investulators".....Speculators who claim to be Investors.

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