Thu 11 Sep 2008
Do You Watch “Buy Me”?
Posted by Kendyl under Fun
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Do you love to watch HGTV? There are so many shows that deal with the process of buying and selling homes. This means, as a nation, we find this drama compelling - and it is high drama, make no mistake. I have a front row seat, each and every day.
Last night I saw “Buy Me”. It was like watching a slow motion train wreck. Awful and horrifying, but I couldn’t look away. This episode dealt with a young man who needed to sell his bachelor pad in a very dodgy neighborhood before his adjustable loan zoomed higher than his monthly paycheck. Here are some of the “train wreck moments”
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Admits on camera that he is trying to “fool” the next buyer
- The young man talks about how he bought this home in winter when the streets were quiet. When spring came along, the bums and gangs and undesirables came out in droves and he realized he had made a mistake. He plans to sell in winter so that the next buyer will also be fooled. This is 16 different kinds of stupid. If he actually sold the home, do you think the new buyer is going to be happy to see this show?
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Hires his friend who just got his license
- A small home, in a challenging area, with a financial disaster deadline is not a good first project for a new Realtor! On top of this, you can clearly see how the situation affected the friendship as time wore on. Bad News Bears!!!
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Sets the price too high - foolishly tries to go for a profit.
- Considering all the negatives disclosed on camera, there was no reason to try to goose the market! He should have priced aggressively and gotten out.
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Waits 6 months to reduce the price - 6 MONTHS (’Nuff said)
Ultimately he takes the home off the market, breaks relations with his Realtor friend, refis his adjustable loan and has his girlfriend move in with him.
Buying and selling residential real estate in Glendale is high drama for almost everyone. Your house is a huge part of your life and your finances. Don’t make these mistakes.










