Saturday, July 26, 2008

Piss off your neighbors


Want to know how to really piss off your neighbors? Loud stereos, late night parties, letting your pet rooster roam around at 4.am. (I’ve seen this last part in both Fla. And Hawaii), are all child’s play compared to this.
Try listing your home for $70k less than your neighbors that have the same exact floor plan. Or better yet how about $120k less?
The nice part is that none of these three following places seem like short sales unless they tapped into their equity like an ATM machine.
First up is 18858 Milos Dr. listed at $650k:
http://www.redfin.com/CA/Huntington-Beach/18858-Milos-Dr-92648/home/3835442
Coming in at 352 sq. ft. for only 1846 sq. ft, two bedroom/3 ba. Please don’t push and shove like a Chinese national trying to get the last Olympic tickets. I know..what a bargain.
Next is 18859 Kithira, a street over from Milos Dr. coming in at $600k:
http://www.redfin.com/CA/Huntington-Beach/18859-Kithira-92648/home/3835480
This one has an offer! Its current listing is changed to accepting backup offers and it’s been up there for 69 days. They may have to get one of those backup offers because if the current buyer finds out about the next listing they should be walking away quickly. I just don’t know how an appraisal could come in when your neighbor is listing at 70k less. I mean if there were honest appraisals being done.
Finally we have the one to piss off your neighbors:
http://www.redfin.com/CA/Huntington-Beach/18862-Milos-Dr-92648/home/3835443
This works out to $287/sq. ft, still a bit high for a two bedroom home but much more reasonable then their neighbors. They purchased it in 2000 for $256,500 so they stand to make over approx. $230k at that price.
I bet their neighbors won’t be helping them move though!

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