Blue1
Elite Member
- Joined
- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
Greg,
A single family residence is not a "Chevvy Citation" so your analogy is a bit flawed here but, even if one were to accept your premise, one would have to conclude that "due diligence" reasearch into the "Citation" market would probably reveal that it is not worth even a fraction of your asking price. I'd walk away from that deal.
My "opinion" is not based on a hope that an asking price would "presage a trend." That's realtor territory.......they're in the business of market prediction, not me. My original point is that a realtor should do "due diligence" before predicting that market instead of just pulling a listing price out of thin air and finding a crooked appraiser to back up their inflated price when an ignorant buyer is "on the hook."
About your "different topic:" Isn't it interesting how "social responsibility" can be interperted? And mis-interperted? I suppose we could have a discussion over at the water cooler about that one.......I am not "arguing for legal protection of the uninformed" I am merely asking those responsible, licensed individuals to UPHOLD their (already in place) legal, ethical and moral responsibilities. Funny how some want to drop existing law as soon as it becomes inconvienent or impinges on their personal profit. Caveat Emptor HUH? Remind me to never by a used car from you...... :lol:
A single family residence is not a "Chevvy Citation" so your analogy is a bit flawed here but, even if one were to accept your premise, one would have to conclude that "due diligence" reasearch into the "Citation" market would probably reveal that it is not worth even a fraction of your asking price. I'd walk away from that deal.
My "opinion" is not based on a hope that an asking price would "presage a trend." That's realtor territory.......they're in the business of market prediction, not me. My original point is that a realtor should do "due diligence" before predicting that market instead of just pulling a listing price out of thin air and finding a crooked appraiser to back up their inflated price when an ignorant buyer is "on the hook."
About your "different topic:" Isn't it interesting how "social responsibility" can be interperted? And mis-interperted? I suppose we could have a discussion over at the water cooler about that one.......I am not "arguing for legal protection of the uninformed" I am merely asking those responsible, licensed individuals to UPHOLD their (already in place) legal, ethical and moral responsibilities. Funny how some want to drop existing law as soon as it becomes inconvienent or impinges on their personal profit. Caveat Emptor HUH? Remind me to never by a used car from you...... :lol: