Daily Archives: May 14, 2010

Well, this is bullshit

From a frustrated , would-be buyer:

Dear Chris,

I hope this message finds you well. I am writing you to share a really bad experience that we had negotiating XXX in Old Greenwich and I would like to ask you what are we supposed to do the next time we enter into a negotiation to prevent from this happening again or if this is just either a common practice in the market or a risk we have to take. The house has been on the market for more than 12 months and it was initially listed at $XXX and today it’s at $xxx. We started offering $xxx given that the house needs extensive updating and it was the price we considered to be market price. After two further offers and their respective counteroffers we reached an agreement at $xxx Each time we made an offer they took more than 1 week to get back to us. According to the sellers there were several executors of the Estate that needed to be reached. Right after we had an accepted offer (submitted in writing and received by the seller’s broker), the inspections and appraisal were made.  Our lawyer received the contract and worked on it with the seller’s lawyer. The day scheduled to sign the contract; the seller’s lawyer neither forwarded the final language nor gave any explanations. The following week we did not receive any communication from the sellers although our lawyer tried to contact them several times.  Our broker tried to contact the seller’s broker but she was vacationing on a cruise. The next week, the seller’s lawyer told our lawyer that the executors could not reach an agreement but they did not tell us on what matters. When the seller’s broker finally contacted our broker, she told us that there was no problem at all and the transaction was per agreed and that as soon as she comes back from vacations she will put the property status in the MLS listing as pending. Then our lawyer received the message that the executors could not reach an agreement on any aspect. Again, the seller’s broker said to our broker that there was no issue with the transaction.

After one more week, we found out online through the brokerage house website that there was an open house scheduled for this upcoming Saturday. The seller’s broker said the open house was already scheduled and she couldn’t do anything about it. We decided that it was enough and withdrew our offer. We have to acknowledge that we have never experienced this lack of unprofessional behavior in any transaction before. Not even buying a car.

Based on your experience, is this something that happens frequently? We are really looking forward to hearing your views.

First of all, a sale by a bunch of heirs is always going to be trouble, because some will want their money now, others will have absurd ideas of what the property’s worth (Greenwich? Millions!) and it’s just a goat f**k.

But second, a realtor who tells you she’s powerless to cancel an open  house is either a complete friggin’ liar or a hopeless incompetent. Either way, this poor buyer is screwed.

I’m not sure what to advise this writer. It’s not his own agent’s fault that he’s been jerked around, but he’s wasted time and money on a useless transaction. So what? Stay away from estate sales? Bad listing agents? (if only!) This is an embarrassment for my “profession”. I just hope Walt doesn’t read this!

UPDATE: You know, I’m thinking – I deleted the address and price of this house, but maybe I shouldn’t have, It’s Shady Lane, in Old Greenwich. Beware.

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It’s at least as old as Civil War suppliers of “shoddy”, but maybe we should shoot these bastards

Army helmets recalled, fail to meet standards. Traitors! Hang them high.

The Army is recalling 44,000 Advanced Combat Helmets amid concerns that they offer substandard ballistic protection.

All the helmets are made by ArmorSource LLC, formerly Rabintex USA LLC.

“There is evidence that ArmorSource and Rabintex ACHs were produced using unauthorized manufacturing practices, defective materials and improper quality procedures which could potentially reduce ballistic and fragmentation protection,” according to an All Army Activities message released May 14.

To think that some executive at this company could go home at night and sleep.

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Cousin Henry’s on the job

The boy does good work, even if he does write for the NYT. Here’s his latest on the attempts to shut down the Gulf oil well.

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Roast this turkey

The WSJ’s James Taranto:

Mr. Holder told NBC’s “Meet the Press” program that the Arizona law “has the possibility of leading to racial profiling.” He had earlier called the law’s passage “unfortunate,” and questioned whether the law was unconstitutional because it tried to assume powers that may be reserved for the federal government.

Rep. Ted Poe, a Texas Republican, asked Holder to elaborate. FoxNews.com has the transcript:

Poe: So Arizona, since the federal government fails to secure the border, desperately passed laws to protect its own people. The law is supported by 70% of the people in Arizona, 60% of all Americans and 50% of all Hispanics [see note below], according to the Wall Street Journal/NBC poll done just this week. And I understand that you may file a lawsuit against the law. It seems to me the administration ought to be enforcing border security and immigration laws and not challenge them and that the administration is on the wrong side of the American people. Have you read the Arizona law?

Holder: I have not had a chance to–I’ve glanced at it. I have not read it.

Poe: It’s 10 pages. It’s a lot shorter than the health care bill, which was 2,000 pages long. I’ll give you my copy of it, if you would like to–to have a copy.

Even though you haven’t read the law, do you have an opinion as to whether it’s constitutional?

Holder: I have not really–I have not been briefed yet. We, as I said, have had under way a review of the law. I have not been briefed by the people who have been responsible–who are responsible for that review. . . .

Poe: You have some concerns about the statute. And it’s–it’s hard for me to understand how you would have concerns about something being unconstitutional if you hadn’t even read the law.

It seems like you wouldn’t make a judgment about whether it violates civil rights statutes, whether it violates federal preemption concepts if you haven’t read the law. So can you help me out there a little bit, how you can make a judgment call on–on that, but you haven’t read the law and determined whether it’s constitutional or not?

Holder: Well, what I’ve said is that I’ve not made up my mind. I’ve only made–made the comments that I’ve made on the basis of things that I’ve been able to glean by reading newspaper accounts, obviously, television, talking to people who are on the review panel, on the review team looking at the law.

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We should all look this good at 85

Ma’s off to a dinner party.

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Bob Horton on property asessments

With a little help from Chief Sachem.

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ObamaCare: $115 billion in the hole and it hasn’t even started!

Geeze, you’d think that maybe the critics had a point!

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