Real estate agent rang Ling on Saturday to tell her about a house for sale in a neighborhood we like, Seletar Estate in District 28. The owner asked the agent to “quietly” show the house, not to advertise it with a big For Sale sign in front, because they only wanted serious buyers, not tire-kickers.
So we went over that afternoon, checked the place out, and decided it was decent and had some potential after renovation. Singapore property market is on the rise, so I went home, checked some comparables, and bid the owners $10/square foot (land) more than the most recent sale.
Agent called me monday morning. Sheepishly. Owners had declined my bid, only saying that they’d consider it, and didn’t want to show me a counter price.
fucccccccccccccckkkkkkkkkkkkkkkkkkkk yoooooooooouuuuuuuuuuuuuuu.
They said they only wanted serious buyers and they pull this?
Trading professionally, i occasionally run into these scared-of-their-shadow types, and I simply loathe them. They’re the type that show a selling price, you agree to it, and they either flake or only will sell you a tiny volume. I suppose they figure that since I’m trying to trade with them at that price they must be making a mistake. Unfortunately this is property market, and not a commodities market, so there is little I can do to punish them. The best I can do is if they ever dare to show me a counter offer, my next bid will be $50,000 lower. This is a distinct possibility; the agent told my wife no one else had bid on the house so far.
I barely even care otherwise. This was a house that would have been fine, but we also were 100% able to walk away from if the price didn’t suit. One characteristic of a rising property market is that it brings a lot of stale inventory onto the market, so I have no concern about being able to find another home.
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Ha ha ha ha. Oh man that SAME THING happened here in Berkeley. We were looking at a house in Oakland. It was pretty OK (but in the end we did much better). So we offered over asking, there were no other offers, and they declined our offer. Luckily I know that God is watching for EXACTLY THIS kind of behavior and he is going to unleash some pain on them, I just know it.