Why do people save or "favorite" homes on Zillow, Redfin, etc?

[Anonymous]

Anonymous wrote:So, like many on this board, we are trying to sell in the slow market. Our home has been saved as a favorite by dozens of people but we're not getting much traffic. I realize neighbors might be saving the listing to watch for their own interest, but what about others? Waiting for the price to drop?

I.need.to.stop.looking.

This is a slow market?? Pls tell me where this fabulous slow market is.

I am saving favorites for comps to see for how much a house would sell. Planning to buy in 6-12 months.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So, like many on this board, we are trying to sell in the slow market. Our home has been saved as a favorite by dozens of people but we're not getting much traffic. I realize neighbors might be saving the listing to watch for their own interest, but what about others? Waiting for the price to drop?

I.need.to.stop.looking.

This is a slow market?? Pls tell me where this fabulous slow market is.

I am saving favorites for comps to see for how much a house would sell. Planning to buy in 6-12 months.

Same - what slow market are you in? Outside the beltway?

[Anonymous]

Comps in my neighborhood, future homes I'd like to buy, design styles I like.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So, like many on this board, we are trying to sell in the slow market. Our home has been saved as a favorite by dozens of people but we're not getting much traffic. I realize neighbors might be saving the listing to watch for their own interest, but what about others? Waiting for the price to drop?

I.need.to.stop.looking.

This is a slow market?? Pls tell me where this fabulous slow market is.

I am saving favorites for comps to see for how much a house would sell. Planning to buy in 6-12 months.

Same - what slow market are you in? Outside the beltway?

The OP posted in September 2015 so maybe the market was slowing back then because it was the end of the summer?

[Anonymous]

I have always over priced my house and I end up even in 07 with 95% or greater of my price. Hmmm.
I look at this who process this way. There are three parties involved for the most part. Prey, the Predator and the scavenger. Now the scavenger is always the realtor and you cant beat them away if you are the prey and the Predator will feed fist and let the scavenger have his way as long as the scavenger waits the feed out. The scavenger has no meat in the fire does not care about the pai or hunger of the other two parties and is there for a quick meal a regular bottom feeder.
Now you can be the prey or you can be the Predator. Both are predators to start out with and only one ends up feeding the scavenger the scaverner will do its best to see who wins and if it can assist the winning Predator. Dont care if the winning predator gets his fill or a partial meal because the scraps are his. So if the scavenger has to he will settle for less to get a quick fill.
So How do you beat this situation and take control for your own good. I have had realtors tell I am over priced in this area, even in hot markets so drop the price. WHY? I asked. Well its always there just aren't many people interested. Well I asked my self why do I care I only need one to buy at my price and I wont get him lowering my price and lowering it is blood in the water. I told him my price is just fine where it is Ok,I can wait was my answer and i sensed the anixt in their voices every time. NO QUIK KILL and I am hunger type response. I believe that one must, as a good predator be where the prey is. That means thinking out side the box. I am dealing with several scavengers right now. I alway plan to sweeten the pot. For example if I am selling my home and I and I can point out to the realtor a property that he can sell to me on top of this one. I the have the scavenger by the throat. Oboy says the scavenger two meals if I just can turn the buyer of this home and the seller of the other in to prey, of course he will do his best to make that happen. HE will become my best ally. I eat well he has two meals and the two prey meekly are sacrifice to us. I have had the scavengers tell my that they have PROSPECTS who have the money but dont need to buy. Ok fair enough is my response I love that type, sending the scavenger he is dealing with deadly prey who ill not bend to his trap of convincing me to give in. This is always preceded from the outset with me saying. Mr. scavenger I and I only will say how you will present my home, I am hands on and I will expect you to post pictures I wans and change the wording to that of which I want and I will seek your advice when i need it. Oh the pain i there face as the realize they are now prey in my eyes. They will jump though hoops to get your home sold cause you are dangerous to their well being.
I the tell them that I expect more than a lame posting on ZILLOW and then I tell them where when and how to market the property as I have scoured the possibilities of finding prey that will bite my bait, there there, I just have to show them how badly the want my bait. THere is more just remember to NEVER be prey and to take a bite of scavenger now and them to set the tone. If you have a property with very unique location you have great bait if not work hard on the features you have and find prey that loves that feature.
Good hunting there is alway prey available if you give up you starve.

[Anonymous]

^^Uh yeah, me too.

[Anonymous]

For people waiting for price to drop, why? Why not just put in an offer for the price you're willing to pay? If a house has been sitting, it's not like you'll have competitors, and the seller would be more likely to consider your offer.

[Anonymous]

I want some of the drugs pp is on, too.

[Anonymous]

Anonymous wrote:For people waiting for price to drop, why? Why not just put in an offer for the price you're willing to pay? If a house has been sitting, it's not like you'll have competitors, and the seller would be more likely to consider your offer.

Because I want the sellers to feel really desperate and I want to know that it’s actually within reach without insulting them. Our house was originally listed for $550k and dropped to $530k and then to $520k. When we saw the $520k (yes, because we favorited on Redfin) price we jumped to to see it and I decided I wasn’t paying a penny over $500k for it. Guess what, at that point the house had been on the market for almost 2 months and they were extremely annoyed but we were the only solid offer they had. Had we offered $500k at the $550k or even $530k price point it wouldn’t have been taken seriously.

[Anonymous]

I’ve favorited about 6 places on Redfin. I’m not quite ready to buy yet...just in case they’re still available in a few months. Plus my husband and I share a search so we can see which ones the other has favorited.

[Anonymous]

I have all the houses that are the same model as mine favorited for comps and to see what they’ve done when they’ve renovated.

[Anonymous]

Anonymous wrote:I have always over priced my house and I end up even in 07 with 95% or greater of my price. Hmmm.
I look at this who process this way. There are three parties involved for the most part. Prey, the Predator and the scavenger. Now the scavenger is always the realtor and you cant beat them away if you are the prey and the Predator will feed fist and let the scavenger have his way as long as the scavenger waits the feed out. The scavenger has no meat in the fire does not care about the pai or hunger of the other two parties and is there for a quick meal a regular bottom feeder.
Now you can be the prey or you can be the Predator. Both are predators to start out with and only one ends up feeding the scavenger the scaverner will do its best to see who wins and if it can assist the winning Predator. Dont care if the winning predator gets his fill or a partial meal because the scraps are his. So if the scavenger has to he will settle for less to get a quick fill.
So How do you beat this situation and take control for your own good. I have had realtors tell I am over priced in this area, even in hot markets so drop the price. WHY? I asked. Well its always there just aren't many people interested. Well I asked my self why do I care I only need one to buy at my price and I wont get him lowering my price and lowering it is blood in the water. I told him my price is just fine where it is Ok,I can wait was my answer and i sensed the anixt in their voices every time. NO QUIK KILL and I am hunger type response. I believe that one must, as a good predator be where the prey is. That means thinking out side the box. I am dealing with several scavengers right now. I alway plan to sweeten the pot. For example if I am selling my home and I and I can point out to the realtor a property that he can sell to me on top of this one. I the have the scavenger by the throat. Oboy says the scavenger two meals if I just can turn the buyer of this home and the seller of the other in to prey, of course he will do his best to make that happen. HE will become my best ally. I eat well he has two meals and the two prey meekly are sacrifice to us. I have had the scavengers tell my that they have PROSPECTS who have the money but dont need to buy. Ok fair enough is my response I love that type, sending the scavenger he is dealing with deadly prey who ill not bend to his trap of convincing me to give in. This is always preceded from the outset with me saying. Mr. scavenger I and I only will say how you will present my home, I am hands on and I will expect you to post pictures I wans and change the wording to that of which I want and I will seek your advice when i need it. Oh the pain i there face as the realize they are now prey in my eyes. They will jump though hoops to get your home sold cause you are dangerous to their well being.
I the tell them that I expect more than a lame posting on ZILLOW and then I tell them where when and how to market the property as I have scoured the possibilities of finding prey that will bite my bait, there there, I just have to show them how badly the want my bait. THere is more just remember to NEVER be prey and to take a bite of scavenger now and them to set the tone. If you have a property with very unique location you have great bait if not work hard on the features you have and find prey that loves that feature.
Good hunting there is alway prey available if you give up you starve.

I'd like to nominate this post for a DCUM award.

[Anonymous]

I use it to mark neighborhoods, streets, and home styles I want to buy. I've done it for years.

[Anonymous]

Anonymous wrote:For people waiting for price to drop, why? Why not just put in an offer for the price you're willing to pay? If a house has been sitting, it's not like you'll have competitors, and the seller would be more likely to consider your offer.

Because you have no idea how low the sellers will go until the umpteenth hour.

[Anonymous]

I favor for decoration and staging ideas. Also seeing how people in my neighborhood decorate their homes and what they sold for.

Yes, I’m nosy.