Confidence is Key

Atta boy.




Address: 2311 E 1st St, 90803
Asking Price: $1,749,000
Year Built: 1908
Size: 5 beds, 3 baths, 2,600 sq. ft.
$/Sq. Ft.: $673
Purchase price: $955,000
Purchase date: 3/2007
MLS#: P654248
On Redfin: 2 days
Down Payment: $350,000
Monthly Payment: $11,000
Income Requirement: $437,000
Description: Absolutely stunning Craftsman highly renovated Bluff Park showplace! This 100 year old home has had absolutely EVERYTHING done from the foundation, plumbing, electrical, roof, heating and so much more. This home features beautiful original hardwood floors throughout, wood beamed ceilings and craftsman window mouldings and castings throughout, original beautiful doors and knobs, a gorgeous formal dining room with built in hutch, brand new kitchen with Silestone countertops and Subway tile backsplash and d cor accents and a wonderful breakfast nook, 2 main floor bedrooms and large bathroom with his & her sinks, tons of closet space, 3 large additional upstairs bedrooms with 2 more completely remodeled baths, upstairs laundry room, secret tea room, huge rear yard with an oversized 2-car garage AND a 1,400 SqFt basement that could be used for many things! Truly too much to list! You must see this home to appreciate the detail at every turn.

Boo-ya!

Now that's how you flip a house! Pay top dollar for a run-down fixer-upper, put in some mediocre upgrades, give your bathrooms a cheap once-over reminiscent of the state of the art circa 1987, fix the crumbling infrastructure, and demand $794,000 for your troubles.



Bam!

And what timing! Buy in March of 2007, when the market is totally red hot, and sell at the end of summer in 2008--when the market it even hotter! Hot damn, this guy is good.

And you totally intimidated me with your staging. Teach me your ways, master! Nothing sells houses faster than that creepy, dead-grandparent-buried-underneath-the-pergo-floors vibe.



Nailed it!

Even better, you priced it 20% to 40% above nearby listings to let everyone know you are an aggressive, sophisticated investment strategist. Congratulations, you totally DOMINATED your neighborhood and let everyone know just how special your property is.


I believe!

Only pansies listen to that crap about price per square foot "anchored in the real world." You may not be on the sand, but that's even more reason to price it like you are. I mean, this is Long Beach! Are you going to let Laguna Beach, that wannabe city unworthy of the "LB" initials, outprice you? Hell no! You slap a $673 per square foot price on your house and show those "superior" beach cities that Long Beach is a world class city worthy of world class prices.



Don't let those naysayers and sissy bloggers push you around! No, you get right out there and show them that their "data" and "irrefutable facts" are just doom-and-gloom propaganda! I mean, hell, the National Association of Realtors, that unbiased, reliable source, says there are countless foreign investors earning $275,000 per year who are looking for a 100-year-old house just like yours. You can't throw a rock without hitting one in this hot market!

Man, with your aggressive style and savvy pricing strategy, I'll bet a bidding war starts like a forest fire this weekend! I am in awe.

$1.75 mil in your face! Suck on that, reality!

Comments

Post a Comment

Popular posts from this blog

20 Ways to Rent Out Your Home Faster

Image
While running a successful rental marketing company and renting out my numerous rental properties. I have picked up a few tricks along the way. Below are 20 ways you can rent out your home faster  (There are plenty more ideas and if you have some please comment and I can add to the list): 1) Pricing Matters There are many ways to price your home competitively in the marketplace. Some tools to help you along the way are: RentSlicer.com, RentOmeter.com and Oodle.com 2) The time of the Month Counts The best times to gain a tenant are March, April, May, June, July and August. These are the main months when renters move due to seasons, schools, etc. 3) Throw some Make-up On Have you ever toured a model home for sale? What do you notice? Are there magnets on the fridge? Are there clothes in the hamper? Are the walls scratched? The answer is no. Why? This is what sells homes. Touch up with paint and remove all clutter and you will see a big difference. 4) Replace Light bulbs and Fixtures ...
Read more

Skaneateles Real Estate - The Weekly Update

Here we go! It's the start of something big! Currently, in the Skaneateles area of the multiple listing service there are 160 homes active on the market. This number seems to have held steady over the past few weeks, while the number of homes marked contingent or pending has increased slightly. Of the 6 new homes that have come on the market, 2 are re-lists and 3 are waterfront. Waterfront continues to sell and do very well this year. There are also 3 properties marked contingent this past week: 1 residential, 1 waterfront, and 1 for the die-hard investor who got a good deal, I think. The price had come down steadily - until it's last listing was about 60 % of the original price. There are now 30 closed properties this year. The latest is a village property which sold at a reduction of 12% of its original price. Last week I wondered about reducing all homes by 10% to sell them - and I think this is in part a validation of that assumption. I had a wonderful comment about ...
Read more

Skaneateles Real Estate - The Weekly Update

Image
Last Friday I returned from Manhattan in the morning.  I had just gone down on Thursday morning planning to come back the same night, but I was concerned about the flooding I had seen on the drive.  I stayed over, got a quick walk in on Riverside, then started home.  I flew out of the city easily - the Henry Hudson is so fast and uncomplicated in the morning! - but found myself sitting in traffic on 81 in Binghamton.  I listened to the reports:  the Governor was somewhere in a helicopter overhead, there were photos apparently of just the tip of the golden arches of some McDonald's restaurant somewhere, the water had crested but was threatening the structure of bridges.  I heard Owego was hard hit, and thought of Adam Weitsman's business (see http://www.syracuse.com/ for updates on this and his response).  I can't stand sitting in traffic, so I turned off and took Route 11 until I lost it somewhere in the country.  I stopped along the way at a sma...
Read more