Comments on: Open House Countdown 3-29-2008 http://blog.redfin.com/sandiego/2008/03/open_house_countdown_3-29-2008.html Redfin San Diego Sweet Digs Fri, 20 Nov 2009 07:10:32 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Tom Swell http://blog.redfin.com/sandiego/2008/03/open_house_countdown_3-29-2008.html/comment-page-1#comment-5911 Tom Swell Mon, 31 Mar 2008 20:16:39 +0000 http://blog.redfin.com/sandiego/2008/03/open_house_countdown_3-29-2008.html#comment-5911 Good point Rob. However, as you can see most of the open houses are newer listings and higher priced homes. This is common. New listings always seem to have 'hopeful' pricing and become more realistic with time. Lower priced homes are rarely opened this way. Realtor school probably perpetuates these standards, and Realtors are not particularly adventurous in their marketing innovation. Good point Rob.

However, as you can see most of the open houses are newer listings and higher priced homes. This is common. New listings always seem to have ‘hopeful’ pricing and become more realistic with time. Lower priced homes are rarely opened this way. Realtor school probably perpetuates these standards, and Realtors are not particularly adventurous in their marketing innovation.

]]> By: Rob http://blog.redfin.com/sandiego/2008/03/open_house_countdown_3-29-2008.html/comment-page-1#comment-5910 Rob Mon, 31 Mar 2008 18:14:07 +0000 http://blog.redfin.com/sandiego/2008/03/open_house_countdown_3-29-2008.html#comment-5910 You forgot the best reason of all to avoid these open houses: OVERPRICED! Some agents/sellers still think we're in a boom and are trying to command frenzy prices for their homes. $590 for a 2 bedroom in La Mesa? And that's a SHORT sale? Who in their right mind lent $600k+ on this place? Puh-lease people. Oh, let me just bail you out of your crappy $400k cash-out re-fi. I mean... sure, it looks like an above average place, but when are people going to realize that the bubble has burst and come down to earth? I guess we'll have to wait and see. You forgot the best reason of all to avoid these open houses: OVERPRICED! Some agents/sellers still think we’re in a boom and are trying to command frenzy prices for their homes. $590 for a 2 bedroom in La Mesa? And that’s a SHORT sale? Who in their right mind lent $600k+ on this place? Puh-lease people. Oh, let me just bail you out of your crappy $400k cash-out re-fi. I mean… sure, it looks like an above average place, but when are people going to realize that the bubble has burst and come down to earth? I guess we’ll have to wait and see.

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