Do you realize that home builders are in business? They're not taking hundreds of thousands of dollars of risk and spending thousands of man hours just to do a good deed and build beautiful houses that they can sell for rock bottom prices. No, builders are in the business of making money! Just like you are. I assume you've negotiated the highest salary possible, right? Why? Because you work hard and feel like you deserve it. Well that's what builders are doing. They work very hard and take on a ton of risk. Then they try to make a PROFIT by selling their houses at top dollar. That's called capitalism. That's how the US economy works. The market dictates price. If these homes don't sell, the builders will be forced to lower the prices. If you're not seeing lower prices, that simply means the homes are selling at their current "horrendous" prices. Apparently other buyers do not see the prices as horrendous.
Would you rather own a Mercedes or a Kia? Both do the same thing. They get you from point A to point B, but only one of them does that with first rate "style and class". Alas, Mercedes cost quite a bit more than Kias, though. Why? Are you equally offended by that? Or do you feel like you should be living in the lap of luxury while paying food stamp prices?
Sorry to be harsh, but I just simply don't understand the "it costs to much" whine. If it costs to much, don't buy it.
Tom Inglesby, Broker
RE/MAX Equity Group inc
This market is amazingly bi-polar. From one extreme to the other. Houses sit and sit, while others fly off the shelf. Some listings are priced right -- some are extremely out of price for the market.
The thing to remember is "it's negotiable" . . . and if it's not -- MOVE ON! There's quite a few house on the market now = inventory is high.
There WILL be a bank release of FORECLOSED properties in July! The flood gates will be open. Remember, you heard it first from me!
I agree, I don't like that skinny houses either!
If you're not working with an agent, please feel free to contact me.
Carla Muss-Jacobs, Broker/Owner
EBA Portland, LLC
Exclusive Buyer Agent
Janeese Jackson, Principal Broker
Real Estate Resource
As Johnny Logic mentioned, the really nice homes are priced accordingly. One tidbit I would like to throw out there: In any market, buyer's or seller's, the best homes that are considered a bargain sell quickly, usually within a few days of being on the market. Your best bet would be to contact an agent who specializes in the eastside who is familier with it's ever changing inventory. This way as soon as one of theses "deals" pops up, you'll be ready to act on it and get into the neighborhood you want to be in. I focus my business on Inner NE and I've seen some great deals at different price points sell in a matter of days because they were priced to move. Give me a call @ 503-880-0580 and I would be happy to keep you posted if I find something that meets your criteria.