Unlike the bubble years, today's buyers, especially the hardened Boston-area variety, are definitely not willing to pay whatever it takes to snag a home.
And there is little sympathy for sellers who overpaid during the bubble and are now stuck trying to sell their house in 2012 at prices last seen in 2005.
Here's what one frustrated buyer, isitfriday, had to say on the comment board the other day.
Have seen so many houses for sale for what they sold for at the height of the market. I said it once and I'll say it again- I am not paying for your mistake!
Of course, the real estate agent didn't help things either, with a fairly rude rejection of isitfriday's offer.
Now it doesn't take a lot imagination to guess that whatever isitfriday offered was significantly below what the sellers paid. (I don't have the details, but isitfriday, if you are reading this morning and can fill us in, including price, location and size, that would be great.)
Whatever the number, the rejection was positively rude!
We research what she (the seller) owes, sales in the community, etc., etc and put in an offer.
She tells us the offer is "not worth the paper it's on" and does not counter.
Dodo agent aside, what do you make of isitfriday's attitude? The whole "I am not paying for your mistake" is certainly a catchy putdown of unrealistic sellers, but there is definitely some resentment packed in there as well.
For one, is it really justified? After all, sellers and buyers are caught up in larger economic trends that can't fairly be blamed on individual home buyers and sellers.
Also, anger can cloud your judgement, not to mention being off-putting when trying to negotiate pretty much anything, from who takes out the garbage to a big sales contract.
Here's isitfriday's entire comment - judge for yourself.
The hubby and I were looking to sell our house and buy one in a different town. We went to open house in the new town, not expecting to fall for it. We did.
The stats: House on the market for a year and a half with six months of that being FSBO.
House for sale for almost exactly the same price the seller bought it for at the height of the market.
Seller has items all packed, realtor tells us she is desperate to move cross country.
We research what she owes, sales in the community, etc., etc and put in an offer.
She tells us the offer is "not worth the paper its on" and does not counter.
Have seen so many house for sale for what they sold for at the height of the market. I said it once and I'll say it again- I am not paying for your mistake!
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