Friday, February 22, 2013

Greed

I don't understand people regarding sales. I am a terrible businessman because I tell the truth. Businessmen always spin that by saying that they don't lie they just don't tell the whole truth. Or they only tell what they were prompted for. People who went through the housing bubble and participated in the greed fest piss me off. People like my mother who wouldn't sell because they thought they could get more, greedy people always think they can get more!

This current house sale is the same line of shit. The sellers want 195K which frankly I don't think they deserve. I think they deserve about 170K max because their home although it is in good condition, it is dated. The home appraised for 151K because the arse of an appraiser didn't do his job right on purpose.

Anyhow, let's say that we do a review, it is rejected and we get another appraisal done which comes back at the same or a little better but still far under 195K. Then I don't care who it is, no one in their right state of mind should pay more than something is actually worth. Therefore I hope these sellers can look past their greed, if they are going to be bitter about the reduction in price.

Anyone who has 44K in cash wouldn't be bidding on this house to begin with they would go get a nice condo.

Therefore I have deduced that this seller has been caught by the balls.

I am at 80% victory here.

Just need to clear underwriting and I need to clear the appraisal.

I am confident and not worried that we will be triumphant.

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