Angry Homeowner Insists that He is NOT Troubled

Alright, I have gotten my first hate mail. So, I posted the listing of a condo in Foster City last week that had a last sale price of $650k in 2005 and a current listing price of $474k. Clearly, it looked like a troubled property. Additionally the sales history showed that the condo sold for $400k in 2004 and $650k in 2005 so it seemed like the last buyer really got screwed. So my comments were, “Some flipper won really big in 2005, and the last buyer is now troubled”. A few days later, I got about three emails from the supposed owner of this property that said the following:

Who ever is the owner of this site is giving crap information to the public.Please don’t trust this kind of false information.

Just a common sense that how can some one buy a property for 50% more in a year.Some one selling a property doesn’t mean they are in trouble.

I am the owner for this property.Please contact me for further information.

Actually back in the bubble days many flippers were able to realize 50% gains so I was surprised that this home seller is not troubled. Then about five minutes later I got this email:

Hello,

I was going through one of your blogs and noticed that you have given a crap comments about our property saying we have bought this property for 650k. I am the owner of this property . We have bought this property for 465k. Your comments are really damaging my prosperity of selling this property. Please don’t post comments with wrong assumptions.

Please give me your contact details. I really want to talk to you.

So in order to appease this guy, I deleted his property and sent him this email:

Hello,

I have deleted your property from my blog. Just so you know, the information about your property is freely available on Redfin and all other listing services. I didn’t make up the pricing history. If you are really concerned about it you should really talk to your realtor and make them make it clear on the listings that your property is not a short sale or foreclosure and that the last listing price is wrong.

Additionally, quite a few sellers have found my site to be useful for them because many bargain hunting Bay Area residents read my blog and have made real offers on their homes. I also know personally three people who look through my blog everyday looking for things to buy so actually your home got a bit of exposure. People think that the houses on my blog are bargains so they are more likely to make an offer. When you are trying to sell something more listings on the web is good, not bad. Anyway, I wish you luck in selling your condo.

Thanks

Anyway, in actuality his property now does belong on this site even with the supposed last sale price of $465k because he or she just dropped the price of the condo to $465k from $474k. Anyway, I’m not going to put that property back on here because obviously this seller doesn’t want free marketing. On RedFin and all other listing services people will still think that it’s a troubled property, so I really think he or she picked the wrong site to yell at.

So to all the other non-troubled homesellers out there. If you see your house on this site, don’t be too offended. This is all in good fun and also you might get an offer quicker! Good luck to all of you San Mateo home sellers this year. I really mean it.