posted by jasonthoele on
Mar 22, 2007 at 10:46 AM
Does anyone have any comments on the recent decline in the real estate market?
posted by Bakersfieldbubble on Mar 22, 2007 at 11:35 AM
Why do you post on craigs list with claims of "motivated seller, buy this house and have instant equity"? Meanwhile the homes have been listed for months? Also, these homes appear to be owned by a realtor?
Clearly this is misleading. Is this allowed in the realtor "code of ethics"?
posted by jasonthoele on Mar 22, 2007 at 12:08 PM
I do own the house and I am very motivated!!!! I need to sell this house and it has been appraised at 550K, I am selling it at 460K so there is instant equity. It's not misleading at all.
posted by Bakersfieldbubble on Mar 22, 2007 at 12:37 PM
That home is not worth $550k.
You purchased the property on 2/13/06 for $425,000, whoever did the appriasal should have their license revoked.
At first you listed it for $475,000, now its for sale for $460,000, sounds like some of that instant equity wasn't so "instant"?
Once again, knowing that prices are down year over year, is this misleading. Is this allowed in the realtor "code of ethics"?