Thursday, March 23, 2006

Novato Triangle

Ok, it's not really a triangle, but it is a PoS in Novato. This is your typical dilapidated Marin tract home. The write-up has this to say:
"This 3 bedroom, 2 bath home needs some work and some fixin'! Bring your toolbelt. Bring your paint. Bring your imagination. This has been a great home to the original owner, now the next owner can do the upgrades to their own tastes. Owner is offering a credit of $10,000 in escrow."
So you have to spend mucho dollars to fix this thing up to "Marin standards" and you still have to pay a laughable $699,900 sales price?! Oh, and that 1.4% ($10,000) credit is just plain insulting...insulting to the buyer that is. I mean puhleeeeze, in today's market, when everyone is admitting we are in a bubble, the best the seller can do is a paltry 1.4% discount?

2 Comments:

Blogger Riskbabe said...

Why does that "$10,000 credit in escrow" sound so much like "cost to cure?"

Just wondering...

March 24, 2006 11:24 AM  
Blogger marin_explorer said...

"Bring your imagination."

That says it all.

March 24, 2006 12:26 PM  

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