Housing Market: Buyers practically home free these days | The Columbus Dispatch

Today's home buyers are narcissistic spoiled brat's. They want to start out where it took their parent's 25 years to reach. Granite countertops, hardwood floors, stainless steel appl. OMG they feel entitled to the best of all possible worlds and without actually earning it...Oh they think they have earned it. If I were a Real Estate Agent...I would probably starve to death, no way would I show one person 50 house who was that picky.
I'd suggest she/he go to open houses and if they find something they want to put an offer on be realistic don't try to steal the house from the seller be fair and honest. Someday you will be the seller. Stop abusing the real estate agent's too...they have a life away from your silliness and other more rational buyers to service.

Actually how I met my wife. I asked if her and the family dog could stay with the house.

Glad I'm not a realtor or bank in today's market.

Iknow wrote:

Today's home buyers are narcissistic spoiled brat's. They want to start out where it took their parent's 25 years to reach. Granite countertops, hardwood floors, stainless steel appl. OMG they feel entitled to the best of all possible worlds and without actually earning it...Oh they think they have earned it. If I were a Real Estate Agent...I would probably starve to death, no way would I show one person 50 house who was that picky.
I'd suggest she/he go to open houses and if they find something they want to put an offer on be realistic don't try to steal the house from the seller be fair and honest. Someday you will be the seller. Stop abusing the real estate agent's too...they have a life away from your silliness and other more rational buyers to service.

Any buyer that accepts less than they want is a fool. Why should they not try to make the best deal they can. The real estate person on the other hand is only trying to make a buck themselves by getting the buyer into the most expensive home they can find, that is their job. They dont care if the buyer purchases more home than they can afford, after all when the person defaults on their loan the real estate person has another house on the market.

Real estate salespeople are just as much at fault for the large number of loans that go bad and the buyers themselves.

Free market capitalism, baby. It is the buyer's turn to screw the sellers. A couple years ago, sellers were listing overpriced maintenance hell holes and buyers were standing in line to bd the price up. I have to laugh - the real estate market is all about one human being USING another human being for their own personal gain. American morality!

Here's an idea. You get married, buy a house and then stay there. That's what my parents did, and that's what we are doing. There has been (and only will be) exactly one real estate transaction in my life.

People think - I'm depressed, maybe a bigger house will cheer me up. Wrong. All these people chasing "more" end up paying more and more each month for their shelter. Meanwhile, my payments are stuck at 1989 levels - couldn't even rent a Section 8 apartment for what I pay each month for my nice home.

Put down some roots and stop wasting money chasing materialism that won't really make you happy!

Anybody that shoves their nose in the air after 50 houses either has no intention of buying a house (because they just want to tour homes on the weekend) or don't have the money they think they have. Either way they will end up in foreclosure eventually so I say karma baby...

If these items (washer-dryer, fridge, pool table, HDTV...) are included in the sale of the property, then, should the buyer ultimately lose the house does that mean the Bank ends up with these goods too? I guess what I'm asking is can a buyer have all this crap included in the sale then lose the house but walk away with THOUSANDS of dollars with of goods??

Desperate hype from realtors to lower the expectation of a seller - Just decline the silly offer.

They aren't buyers they are just tire kickers if they have time to make a decision on how many concessions they can demand as if that is why you would buy a property.

The real estate market will never rebound until their is some equality between buyer and seller. Being a former builder with my own subdivision who used to include alot of options in my homes that other builders did not, I have no idea how builders are making a living. Commodity prices have not come down and buyers are at their most unreasonable point ever. I always told people that real estate was a longterm investment. I wonder if all these folks getting a deal of a lifetime will then relist their houses in a few years at the first sign of a true market rebound and create another downturn in the market.

Cindy Calendar, you are a perfect example of the problem with realtors. This family asked you to show them houses up to $300,000.00 in price and your solution is to show them a $330K house (10% over budget) and I'm guessing for those "50" homes you'd already shown them that not a SINGLE one had an asking price lower than $290,000.00!

REALTORS WAKE UP!!! When a homebuyer says the most they'll pay is XXX amount DO NOT show them homes that are price ONE DIRTY PENNY over XXX amount. People tell you the most they 'can' afford but what they 'really' want is to purchase a property for LESS than the MAX amount they are willing to spend. In this case: start with showing properties that are listed at $250,000.00 and work you way up to $300,000.00 properties that way the customer appriciates how much 'better' or perfect the more expensive properties are so when they decide to make an offer they know exactly what they're getting for thier money.

REALTOR GREED = Showing ONLY properties priced at or over the MAX amount that the buyer has stated they're willing to spend.

REALTOR SMART = Showing properties under and up to the MAX amount they buyer says they want to pay.

That's what we get when the government intervenes in the free market. The government created the bubble and continue to keep it inflated. Houses are still above free market prices.

Curious wrote:

If these items (washer-dryer, fridge, pool table, HDTV...) are included in the sale of the property, then, should the buyer ultimately lose the house does that mean the Bank ends up with these goods too? I guess what I'm asking is can a buyer have all this crap included in the sale then lose the house but walk away with THOUSANDS of dollars with of goods??

Yes, the buyers keep all of the goods. Typically, people losing their home take anything not nailed down and vacate before the bank has a chance to do anything about it, usually blaming the big bad lender and the rest of the world for their situation. As an agent, I see it all the time.

The only groups worse than realtors are drug dealers and lobbyists. I blame most of this problem on greedy realtors.

Iknow wrote:

Today's home buyers are narcissistic spoiled brat's. They want to start out where it took their parent's 25 years to reach. Granite countertops, hardwood floors, stainless steel appl. OMG they feel entitled to the best of all possible worlds and without actually earning it...Oh they think they have earned it. If I were a Real Estate Agent...I would probably starve to death, no way would I show one person 50 house who was that picky.
I'd suggest she/he go to open houses and if they find something they want to put an offer on be realistic don't try to steal the house from the seller be fair and honest. Someday you will be the seller. Stop abusing the real estate agent's too...they have a life away from your silliness and other more rational buyers to service.

I totally agree. Then again, today's generation isn't going to retire with a fat pension from GM after pushing a broom for 30 years, making $50K per year. So, planning for the future is a bit tougher these days.

People here are really misinformed if they think Realtors are the fault or any cause of the housing bust. It is so simple, it's not even funny. It was a combination of:

1) Buyers who want to live above their means - not exercising common sense
2) Lenders who approved people to live above their means. Still, no one is forced to sign loan papers in this country, so it's still the buyers' fault.
3) Builders who were allowed to overbuild, and put up inferior homes. This can also be blamed on the municipalities who govern building permits.

Realtors, unlike any other sales professional, work solely on behalf (and at the behest) of their clients and are charged with finding what they want and securing the best terms. There are very few buyers who don't ask (or expect) to look ABOVE their price range, hoping to find a steal by way of making a low offer. It's rarely (if ever) the agent's idea.

I imagine there may be agents who think commission first, client second. But, I can safely say after 11 years in the business, the mass majority are not. Furthermore, it's so hard to get people in-contract these days, the suggestion that agents spend effort thinking how to sell something more expensive for more commission is ridiculous. We're happy when ANYTHING comes together.

Before making blanket statements, people on this forum should know something about the topic before they insult other professions. Being a Realtor is one of those professions that most love to criticize, but very few could ever do. People who've ever had a really good or really bad one knows this all too well.

Sad But True wrote:

Anybody that shoves their nose in the air after 50 houses either has no intention of buying a house (because they just want to tour homes on the weekend) or don't have the money they think they have. Either way they will end up in foreclosure eventually so I say karma baby...

Au contraire. I am one of those picky buyers. When I spend my money on a used house, it has to meet my standards.

I had a HER realtor and he never insisted I use his inspector. In fact he said I had to get my own and it's a good idea to do so. After my inspection, I made the current owners fix the front door because it wouldn't close correctly. And I made them fix an outlet in the garage that was rigged up to feed a light bulb and two garage door openers. Basically I made them fix safety and code violations before I signed the paperwork. I wanted safety with that front door being fixed and I'm sure it was a code violation on how they had that garage outlet rigged (didn't want a fire to start).

I also have a 3 layer roof and I thought about asking for a new roof or more off the price of the home so I could get the roof done but my wife was against it. She just wanted to move in.

If you earn $40,000 per year, then multiply by 2.5 to get the amount of house you can afford - which is $100K.

That is an iron rule - 2.5 x gross earnings.

Houses aren't selling because they are still grossly overpriced for the income of average people.

Stop supporting home prices artificially and let them fall, and the market will recover on its own.

BoB wrote:

I had a HER realtor and he never insisted I use his inspector. In fact he said I had to get my own and it's a good idea to do so. After my inspection, I made the current owners fix the front door because it wouldn't close correctly. And I made them fix an outlet in the garage that was rigged up to feed a light bulb and two garage door openers. Basically I made them fix safety and code violations before I signed the paperwork. I wanted safety with that front door being fixed and I'm sure it was a code violation on how they had that garage outlet rigged (didn't want a fire to start).
I also have a 3 layer roof and I thought about asking for a new roof or more off the price of the home so I could get the roof done but my wife was against it. She just wanted to move in.

LOL - 3 layer roof.

That's a lot of weight up there.

Buy a home you can afford at tumblewood tiny homes.

23warrior wrote:

The only groups worse than realtors are drug dealers and lobbyists.

you forgot to mention attorneys