Archive for June, 2008
Bunny Sighting in Old Town Pasadena
June 27th, 2008 categories: Waking Up . . . Almost
Well, it IS Friday, what do you expect? Plus, I feel it’s my duty to warn unsuspecting citizens of how incredibly wild and dangerous Old Town Pasadena can be.
This bunny sighting happened right in front of Cafe Bizou at the corner of Holly and Raymond. Amidst honking and hooting, this brood of bunnies was seen heading into Vertical at approximately 6pm on a Friday evening. They haven’t been seen since.
This is the type of unfortunate thing that happens when women are not properly repressed. Women hit their 40’s and sometimes they simply break out of social constraint, creating havoc and cultural instability wherever they go.
AND, they seem to be quite amused, don’t they?
It does appear that it may have been a birthday celebration (note the crown). Six bunnies . . . does this mean that this folly happens six times a year here in our sacred community?!
Good grief . . . perish the thought.
Well, I’ll be at Vertical tonight around 6pm, and I sure hope these shameless hussies don’t show up.
Search for a Pasadena home if you dare
| Discussion: 2 Comments »
When Real Estate Becomes Real Estagnant - the Sacred Path to Low Ball Offers
June 27th, 2008 categories: Real Estate News, Seller Financing
Oh I hope, I hope, I hope . . . I really want that $100 gift certificate to Vertical, my favorite upscale wine bar in Old Town Pasadena. (You don’t think I talk about wine too much, do you?). Well, even if I don’t win Irina’s contest, it was fun to think up silly names for stale listings . . . properties that are begging for low ball offers.
One of my fellow bloggers here in Pasadena has put together a very good post about this:
“What is a stale listing? A home listing that has been sitting on the market, in our Pasadena MLS for over 3 months with no takers.
Pasadena home buyers are not interested in these home listings because they’re either over priced, not marketed properly by the real estate agent or are just plain overlooked by the Pasadena real estate community for a variety of reasons.” — Irina Netchaev (read the rest)
Some real estate friends of mine in Arizona have written a brilliant post about the current market and how sellers can either excel or become extinct, so go read about Seller Survival Tips:
“The days of asking more than the house is worth and getting offers, are over. Some sellers still like to tack 20% on to the list price to “see what happens“. I don’t know how else to say it, but that strategy is nothing more than a waste of time.” — The Huffman Group
OK, so Pasadena isn’t Prescott, but the principle applies. I wish all sellers would get this! Don’t they love to chase the market down?
I was just talking to a buyer today who is interested in making a low ball offer on a property that has been on the market for 608 days . . . unbelievable. Oh, they’ve done price reductions, alright . . . yeah, sure . . . they’ve reduced the price by $10,000 every 3 months or so. Sorry, but that’s just not going to cut it. And I’m sure the listing agent has tried to talk some sense into the sellers, but hey, what do we Realtors know?
The only way sellers might be able to minimize the “discount” needed to sell in today’s market, is to offer terms. Advertising “Owner Will Carry” can greatly increase the pool of potential buyers for, and interest in, a property. Sellers can leverage price for terms if they’re stuck on price.
And sometimes, being willing to carry back a note, precluding the buyer from having to get bank financing, is the only way to close quickly in this market.
Related Reading:
- Seller Financing Explodes As More Owners Become Willing to Carry Paper
- What You Don’t Know About Notes Can Cost You Listings, Sales and Closed Escrows!
| Discussion: 3 Comments »
Owner Will Carry - Luxury Palm Springs Estate - No Bank Qualifying!
June 23rd, 2008 categories: OWC Properties, Seller Financing
What if we could get around the troublesome mortgage industry and put real estate deals together without bank participation? Seller Financing, OWC (owner will carry), can be the vehicle.
This estate has been seasoned with many warm and happy memories . . . perhaps its best and most auspicious feature. If you live a happy life surrounded by loved ones, and are prone to spiritual reflection, you will certainly resonate with the vibrational tones of this property.
Depending on the day, you can either hear the echoes of adolescent laughter, or the profound silence that you can only find under a full desert moon.
In traditional real estate yabbo: this absolutely stunning luxury home is available with NO BANK QUALIFYING! Don’t worry about getting yourself a jumbo loan. And it comes fully furnished with great style and amazing attention to detail.
Boasting 7,000+ sqft. of living space, the open floor plan is elegant. There are 4 fireplaces, a chef’s kitchen, a theater room,a separate guest house (casita), open firepit, 4 car garage, bedrooms with individual baths, tons of golf courses around . . . 
A very good friend owns (and is now selling) this property, but in the last couple of years, my children and I have spent the most fun, yet tranquil and inspiring weekends you can imagine out there. Because of my expertise and fascination with seller financing, he has agreed to let me advertise not only great price, but great terms. Submit any potential seller carry back offers to me, as I am negotiating and underwriting this aspect of the deal.
Soon, this site will grow into a database of homes where there is seller financing available.
- See internet flyer
- Watch a DVD of this property (you may need software to view it)
- Have me advertise your OWC property
| Discussion: No Comments »
