The title of this post may have struck you as odd. After all, "misqualified" isn't even an actual word. Yet, this and more can be found on what we would generously describe as an all-over-the-place listing description for a Laguna Hills house that's been on the market for more than a year without a sale.
Who do you think the agent blames for the fact that this house hasn't sold? The sellers for being unmotivated? Their own self for somehow failing to market the property to the best of their abilities? Or to those nutty buyers out there who just won't see things their way?
Well, we kind of blew the doors off that mystery already, but it's pretty entertaining nonetheless...
25621 West Califia, Laguna Hills, 92653
Asking price: $499,900
Asking price/ sq ft: $362
Income requirement: $124,975
Purchase price: $219,500
Purchase date: 6/1/1989
Size: 3 beds, 2 baths, 1,380 sq ft (built in 1969)
MLS: S472764 (387 days on Redfin)
ZipRealty price tracker: Price Reduced: 05/16/07 -- $604,999 to $594,900
Price Reduced: 07/06/07 -- $594,900 to $584,900
Price Reduced: 07/26/07 -- $584,900 to $574,900
Price Reduced: 08/09/07 -- $574,900 to $564,900
Price Reduced: 08/23/07 -- $564,900 to $554,900
Price Reduced: 09/07/07 -- $554,900 to $544,900
Price Reduced: 09/11/07 -- $544,900 to $499,900
2006 property tax: $3,151
Type: Single Family Residence
Stories: One Level
Lot size: 5,000 sq ft
From listing: We are***cheapest sfr with a nice yard***on ocean side of #5 frwy, app.5-7 blocks away!!! No association fees****look at this price for this great home!!!!!!!Not a short sale, agents read remarks at bottom!!!!Shows great,1500 sq.Ft.With family room addition. To be sold as is. Seller is not to fix or give credit. Clean ready to move-in,single story house with 2 fireplaces plus family room addition(app.12x 12 feet)with franklin stove,fresh paint inside.Near new fence.Most appliances are (less than) 3yrs old.White blinds. Sprinklers front and rear.Central air. Walk to park,shopping,public tennis courts. Great freeway access. Note: we are on the market for a long time due to a misqualified and an unreasonable buyers, causing us a long loss of time.
The bold above is our emphasis. At first, we were skittish about this place, considering it's languished on the market. We figured there must be something wrong with it, but now that we know some ridiculous buyers were yanking the seller and their agents' chains, all doubt is disappeared. It's the buyers' fault!
Were you surprised the media was spared the blame this time?
"Near new fence" means nothing. Does that mean that it's located close to the new fence neighbor Bob put up last year? This picture also clearly shows that yes, there is a sink.
Let's assume it wasn't a mistake to include the last part with the public comments in the description. Can you imagine what it might say in the hidden agent remarks section?
The price hasn't been adjusted since September, but we see the glorious listing description only came to be in late December. This is what it said before:
Look At This Price For This Great Home!!!!!!!!!!!!!!!,Not A Short Sale, Agents Read Remarks At Bottom!!!!shows Great,1500 Sq.Ft.With Family Room Addition. To Be Sold As Is. Seller Is Not To Fix Or Give Credit. Clean Ready To Move-In,Single Story House With Fireplace Plus Family Room Addition(app.12X 12 Feet)with Franklin Stove,Fresh Paint Inside.Near New Fence.Most Appliances Are...
Perhaps the scariest part of this whole situation is the current description is the result of several (and by several we mean 10+) revisions. Yep, it took serious editing and re-writing to come up with the treasure we've shared today.
Thursday, February 14, 2008
"Misqualified and unreasonable buyers"
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9 comments:
great find here.
the house is actually 1-2 blocks away from the Fwy, not 5-7 blocks away. and even if the house really was 5-7 blocks away from the Fwy, why is that a selling point that warrant not one, nor two, but three exclaimation marks.
and the all CAP really annoys.
You would need your head examined to buy this place at 500K. Many condos in AV are well below that price. Good luck.
Unreasonable buyers? LOL
If the seller is not willing to lower their price enough to sell the unit, who is being unreasonable?
LOL -- not only is the place over-the-hill; its ugly. The condensending grammer makes me wonder whether the RE is Vietnamese. No marketing skills!
This is a DUMP !
Only one word for the bagholder buying this dump:
SUCKER
Since these people bought at the top of the last bubble, I think the sellers are feeling entitled to drop this turd into someone else's lap for bubble prices as well. Realistically this place will go for 250-275K. Good Luck!
If you buy dis place, ME LOV U LONG TIME!!!
no that real estate agent is fillipino, that is the slaughtered english they use. what gets me is the prop tax and the income requirement. no wonder so many people are loosing their houses in the Modesto, Sacto, Stockton areas. if this is the income required to purchase a 500,000 house no one can afford a house no wonder they have to come up with creative ways to buy an overpriced house. Picking strawberries and 3 mcdonald jobs still don't equal up to 100,000 a year and people were buying 700,000 houses. I make a good salary and have been on my job 30 years and I still can't afford more than a garage in todays market. Until the prices of these homes become more reasonable nothing is moving off the market unless you win the lotto. One down 3 million more to go.
Holy crap! Can't these people accumulate enough "gumption" to fix the place up and make it marketable?
"To Be Sold As Is. Seller Is Not To Fix Or Give Credit."
I mean, do the "unreasonable buyers" have to read any more? This pretty much says it all.
And by "unreasonable or misqualified" are they referring to, oh I don't know, prospective buyers that reside in the median income range (the freaking majority!), i.e. roughly $75,000 per annum and can't get the financing required to acquire said 3 bed 2 bath cement crapbox?
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