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March 29, 2009
Same Real Estate Agents
I think that in order to fix the housing situation in New York as well as the rest of the country. You can not have the same real estate agents that were selling just a few years ago, continue doing business as usual. Could you do business with an agent that sold you a place for 500,000 and swore that it was worth that amount and that the value would only go up and now that same agent is selling your neighbors place for 325,000?
Comments
That's ridiculous. The real estate agent who "sold you a place" was never working for you -- he/she was working for the seller, with the singular goal of selling the place for the highest price possible.
Posted by: josh59x at March 29, 2009 10:37 PM
If the fire's too hot, stay out of the kitchen.
Posted by: daveinbedstuy at March 30, 2009 8:39 AM
you holding agents responsible for saying that prices will up?
I am sure that they did not lie to you because they referred to the historical data.
Posted by: bobjohn at March 30, 2009 10:27 AM
Dumbest Statement Of 2009 (so far)
We all PLOTTED for the market to receed, and FOOLED you!!!
Really, That was Dumb
Posted by: howrealnyc at March 30, 2009 11:33 AM
hannible, you crack me up.
Posted by: z at March 30, 2009 3:08 PM
For the record I used a hypatetical. I was not stupid to buy! I am still saving.
Posted by: hannible at March 30, 2009 6:00 PM
Why do you hate/blame brokers so much? Homeowners sold for what they could get. Nobody held a gun to anyone's head and told them to buy property.
Property is only worth what people would pay for it. Supply and demand. It's not a conspiracy devised by RE brokers.
Posted by: Adam Dahill at March 30, 2009 7:34 PM
People paid what banks would give them and what real estate brokers and appraisers said they were worth. Naturally so they could get as much money as they could. Hey business is business I have no perk with that lots of homeowners who sold and made a fortune on their brownstones are smart people in my book. I have a problem with all those idiots who overpaid and now want bailouts with our tax dollars and want higher rents to cover their stupidity. It was not supply and demand it was stupidity and ignorance at its best.
Posted by: hannible at March 30, 2009 8:08 PM
Rather naive comment. An agent's job is to get their sellers the best price at the time. it was worth 500k because that's what the (admittedly flawed) market said it was two years ago. Keep saving - it's the ONE smart thing you've said so far.
Posted by: LFCcrown at March 30, 2009 11:36 PM
This is a perfect example of a waste of precious blog space.
Posted by: daveinbedstuy at March 31, 2009 9:15 AM
Perhaps you all missed the point. The buyer's broker shows you a place. Says sure, it is worth $500,000. And sure, you can "afford it". Wrong on both accounts. I understand that ultimately it is "buyer beware", but why pay this professional 1/2 the commission (yes, I know the seller pays, but it is reflected in the overall price) if they cannot give you professional advice and overcome their greed?
Posted by: sjtmd at March 31, 2009 2:41 PM
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