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Stories from the Sales Frontlines

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Comments

  • sterlingdogsterlingdog North CarolinaPosts: 6,743
    "Have our agent counter at full price."

    Just like cars, you have to do your homeowrk. I knew that the owner's wife was waiting for her $6 million divorce settlement. The house was part of the deal. I also knew that the house had been on the market for 18 months. I also knew that the owner (age 66) was being pressured by his future wife (age 36) to move on with the divorce settlement. She was wanting construction to begin on their new 7,000 sq. fit. house. This poor guy was being pushed and pulled in every direction. I also knew that a recent offer had fallen through because the prospective buyer couldn't get the financing that he needed. I knew that I had an edge here. It helps moving back home because you can find out all of the dirt. :D :shades:

    Richard
  • sterlingdogsterlingdog North CarolinaPosts: 6,743
    Never tell a prospect to get lost. You can always wait until you are insulted a second time, and then tell them to get lost. :P

    Richard
  • jayriderjayrider Posts: 3,194
    It's very important to clean the coils with a brush yearly. It really affects performance and longevity. Yours are probably on the bottom. Lots of dust and dirt build-up. Get a fridge brush and get down on the floor and get to it or have a repair man or spry friend do the job. I speak from experience on this issue.
  • sterlingdogsterlingdog North CarolinaPosts: 6,743
    Thanks so much for that tip. I'm as old as dirt, but I can do this job.

    Richard
  • bwiabwia Boston Posts: 1,056
    edited January 2013
    If you overpay, it will linger for awhile, too.

    Not necessarily. In 1993 I made the sweetest deal of my life. One day I was jogging by and saw a "for sale" sign on what appeared to be a brand new home, but it turned out be a two-year old house. I called the number and was invited to see the property as it was a private sale.

    I fell in love with the house and made what I thought to be a fair offer. To make a long story short that offer turned out to be above asking price. Later that evening I got a call from the seller saying that they had put an ad in the Sunday paper and they felt obligated to show the property.

    That very Sunday night I got a call back from husband saying that they had accepted my offer, but since his wife was an attorney, they wanted to let me know that my offer was $5,000 over asking price.

    No problem I said until it came time for bank financing. Since this was in the middle of a housing recession in Massachusetts nobody was buying, much less to pay over asking price. In the end, the appraisal came in at barely $1,000 above purchase price. The bank was reluctant to do the financing but eventually it capitulated.

    My purchase was the boost the local market was waiting for. Home prices started to climb and today my house worth over three times what I paid for it. That's what I call a sweet deal.
  • robr2robr2 BostonPosts: 7,598
    We had the gas counter top stove switched out for an electric one---wife hates cooking with gas.

    Really?? It's usually the opposite.

    Having grown up with electric stoves, I was leery of a gas one. But it's so much easier to cook on - instant heat, simple to control temp, et al.
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,327
    Needless to say, that "love" wears off quickly, and becomes a burden. If you overpay, it will linger for awhile, too.

    I would agree, overpaying is never fun...but, it is even worse when you don't like what you bought.

    I don't feel I have overpaid for any houses, except the very first one I bought....and that one was a lemon that wouldn't have been a good buy at any price. But it did teach me to be smarter in the future.

    I have probably overpaid for some of my cars over the years, but they were all pretty good so I don't care...in the big scheme of things, it doesn't really matter. It might matter if I go broke and I can't afford one last bottle of $7 wine or something.

    Regarding your friend, there are a few reasons why her decision to buy was a bad one so, yes, she definitely overpaid. She bought on emotion, not considering if the apartment will suit her down the road. She spent more than she could afford believing prices will always rise.

    If you buy a house that really suits you, and you buy it to live in, not as an investment or to make money from it, you should be OK. Somethings you just don't know...if you will have bad neighbors, if they are going to take away your lawn to build a highway, etc. When we bought our first house we really didn't know what features we wanted and needed....I bought it because the model (which they spent about $100K on to make it look really good) looked great and the price and terms made it possible to buy. It cost me a lot more to dump that house than if I had bought a better more suitable house in the future......but, I sure learned a lot, and so will your friend.

    2012 535ix 2013 Audi A4 2013 Passat

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,576
    Well this prematurely gray haired is way past ready to move on. Tired of hurricanes, the intense summer heat which is more like 9 months worth, the crowds, the backwards state government...I could go on! After living here for well over 40 years, a new place is definitely called for. Something totally out of the box and retiree friendly, a.k.a. a cheaper place to live with things to do for folks on a fixed income. Due to my spinal issues, I'm home most of the time though the wife is pushing me to find something part time. Luckily, our bills are covered by my government pension. Time will tell though as not many will hire a 58 year old guy who walks with a cane! Would like a nice friendly downtown area with great views and year round weather where a/c is not needed.

    I know this is asking a lot but I know it's out there. Always the eterrnal optimist! :)

    The Sandman :) :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • tommister2tommister2 Mechanicsville, VAPosts: 131
    Would like a nice friendly downtown area with great views and year round weather where a/c is not needed.

    Sign me up too! Where is this place?
  • bwiabwia Boston Posts: 1,056
    Speaking of cutting good deals, for those business owners and executives out there, does this story sound familiar? Read and comment

    Five Warning Signs That You’ve Cut a Bad Deal

    According to CFO Magazine, “Finance execs are always being told that their company has gotten the best price with the best terms. But how can you be sure? If you spot any of these five warning signs, chances are good that the deal isn’t.” Read the full article at :
    http://www3.cfo.com/article/2013/1/growth-strategies_vendor-negotiation-discount- s-price-volume-renewals?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%- 3A+cfo%2Fdaily_briefing+%28Latest+Articles+from+CFO.com%29&utm_content=My+Yahoo
  • Portions of my family, including my aunt & uncle who are also on a very fixed income, moved to Edenton, NC. Might be a bit close to hurricane territory for you, though they have never been hit hard. They find a TON to do there, and it's quite retiree-friendly. It was named one of the best small towns last year.
    http://www.visitedenton.com/

    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

  • stickguystickguy Posts: 13,570
    thanks. *I was about to join the hit parade. In a couple years when my youngest hits college, I am more than ready to downsize (mostly my ridiculous tax bill) and get the heck out of NJ. And I am very fond of NC.

    For a year, when I was little, my grandparents moved from Vermont to Hendersonville. Beautiful litle town in the NW part of the state IIRC.

    2013 Acura RDX (wife's), 2007 Volvo S40 (when daughter lets me see it), 2000 Acura TL (formerly son's, now mine again), and new Jetta SE (son's first new car on his own dime!)

  • I like the area because you're within driving distance to some nice weekend getaways. Go south, and you can visit the humidity in Myrtle Beach or Charleston. North, you're in the DC area. West, you've got mountains. I will say the 4" snowfall average holds quite a bit of appeal to us too. I do like a change of seasons, but I don't like the extremes!

    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

  • michaellmichaell Posts: 4,300
    You always want what you don't have.

    We've run into lots of folks here in Colorado who are visiting from Texas or Florida. They love the dry weather and cooler temps.

    My wife, OTOH, wants to go somewhere that has more humidity. The dry air (summer and winter) ruins her skin and she believes that the moisture found in the SE will keep her skin soft and supple without the need of spending $$$'s on product.

    We'll see - she gets her MEd next May or June and it's quite possible she'll be looking at jobs in the SE.
  • robr2robr2 BostonPosts: 7,598
    My wife, OTOH, wants to go somewhere that has more humidity. The dry air (summer and winter) ruins her skin and she believes that the moisture found in the SE will keep her skin soft and supple without the need of spending $$$'s on product.

    But she'll wind up spending more on hair spray and anti-perspirant....
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,327
    edited January 2013
    She was wanting construction to begin on their new 7,000 sq. fit. house. This poor guy was being pushed and pulled in every direction.

    I am not sure I would call him a "poor guy" yet. I suppose the 36 year old girlfriend will turn him into a "poor guy" pretty quickly though.

    2012 535ix 2013 Audi A4 2013 Passat

  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,327
    Home prices started to climb and today my house worth over three times what I paid for it.

    Perfect example. If the house was the right one for you the $5000 you paid extra will mean nothing in the big scheme of things.

    The house has increased in value, you have loved living in it, and you will never be sorry you should have tried to get $5000 off.

    Much better than going through life losing sleep over the $5000 you may have saved.

    2012 535ix 2013 Audi A4 2013 Passat

  • sterlingdogsterlingdog North CarolinaPosts: 6,743
    As you know, we loved Colorado on our visit there summer before last. Part of the joy was not being in a humid climate. While I can understand your wife's view, you might tell her that many of us suffer skin ailments due to the high humidity. Are you ready for this? My skin ailments are so bad that my dermatologist once suggested Arizona or Colorado. I guess that it is hard to have exactly what you want.

    Though we have always lived in North Carolina, I do have to say that it is a wonderful state. It sounds as if I'm bragging, but it really is great. We have the mountains, the beaches, and the charm of everything in between. I can't really think of a bad place to live in this state. It's not perfect by any means, but based on our travels, it's the best place for us. Personally, I love Colorado, Wyoming, and New Mexico. Still, I realize that you would have to live there to really know if it was what you wanted.

    Stickguy and Host: Edenton and Hendersonville (on opposite ends of the state) are both great communities. For the mountains, I love the towns of Waynesville (near Asheville) and West Jefferson (near Boone and Blowing Rock). They both have done urban renewal in their down town areas---quaint shops, restaurants, theaters, etc. Home owners have preserved the local neighborhoods---though real estate is a little high. Edenton near the coast is both historic and charming. Many towns in that area fit that description.

    Regardless of where you go in North Carolina, you can't make much of an error. There are so many nice places. My favorite cities are Greensboro, Raleigh, and Wilmington. Now that we have returned home, we're only an hour from Raleigh or Wilmington. Both places make nice day trips to soak up the culture or the sun.

    Richard
  • sterlingdogsterlingdog North CarolinaPosts: 6,743
    "...that offer turned out to be above asking price."

    Just wondering. Did you not ask the price of the house before you made the offer?

    Richard
  • cdnpinheadcdnpinhead Forest Lakes, AZPosts: 3,206
    I knew that I had an edge here. It helps moving back home because you can find out all of the dirt.

    Knowledge is power, every time, without fail.
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