tag:blogger.com,1999:blog-11537840.post5932499894265595529..comments2023-11-04T03:10:29.707-04:00Comments on Larry's Take on the Cocoa Beach Real Estate Market: Things that make you go, "Huh?"Larry Walkerhttp://www.blogger.com/profile/01527381774923548480noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11537840.post-42746903013964029932011-06-19T10:38:34.719-04:002011-06-19T10:38:34.719-04:00This is a link to a post I wrote a couple of years...<a href="http://larrystake.blogspot.com/2009/07/self-defeating-games.html" title="Link to example website" rel="nofollow">This is a link to a post I wrote a couple of years ago about offer strategies</a>Larry Walkerhttps://www.blogger.com/profile/01527381774923548480noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-52439998227087297382011-06-19T09:41:52.821-04:002011-06-19T09:41:52.821-04:00You said "reasonable". If a seller respo...You said "reasonable". If a seller responds with anger or is insulted upon receiving a "reasonable" offer, that's their problem. I have had success getting a seller to reconsider their unrealistic asking price by providing comps that support an offer drastically below the asking. Unfortunately, most sellers who are asking well above what the comps suggest as reasonable are unwilling to accept reality. <br /><br />There are just as many unreasonable buyers who make lowball offers that can't be supported by the comps. A buyer who makes an offer well below what the comps show as current value should not be surprised at an angry response or no response at all. I have heard sellers say, after receiving a silly lowball offer, "I wouldn't sell to him now for any price."<br /><br />I do think it's reasonable for buyers today to expect to get a property for less than what the comps suggest as current value. In a declining market, a buyer is assuming the risk of further depreciation and should get a discount to assume that risk. I make sure to include that statement with my research when presenting offers.Larry Walkerhttps://www.blogger.com/profile/01527381774923548480noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-22340629091433012232011-06-18T22:26:11.727-04:002011-06-18T22:26:11.727-04:00So as a prospective buyer, do you anger/insult the...So as a prospective buyer, do you anger/insult the seller with a reasonable offer? Or wait until reality sets in, if it ever does? And thanks for another informative post! Anonymous IIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-90613179075143309682011-06-18T16:07:44.051-04:002011-06-18T16:07:44.051-04:00Ocean Paradise built 2008, unit 202, 2134 square f...Ocean Paradise built 2008, unit 202, 2134 square feet, 3/3 closed Feb. 28 this year for $395,000 or $185 per square foot. I realize that square footage comparisons aren't really accurate with big disparities in size. Smaller units should command a higher dollar per square foot, all things equal, however, I can think of no small units in our area that would command anything near $300/sf. We have seen plenty of sales around and below $150/sq. ft. for nice side view units in oceanfront buildings.Larry Walkerhttps://www.blogger.com/profile/01527381774923548480noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-48007416632938164152011-06-18T14:15:16.396-04:002011-06-18T14:15:16.396-04:00Huh?
I've been watching ocean front listings p...Huh?<br />I've been watching ocean front listings pretty close for a while now and I find a lot of 30 + year old units, that look like 30 + years old, with side views listed for under $200/sq. ft, Remodeled units, which are still in 30+ year old buildings, appear at well over the $200/ sq. ft. price. You mention east facing, new units, in the $200/ sq. ft. range closing. Are these new and outside the MLS, or really big units with big prices?Anonymousnoreply@blogger.com