Coffee is for Closers!!!

From The Sun in the Inland Empire: Price wars in N. Fontana.

Price wars are being waged in north Fontana's upper middle-class neighborhoods as home builders drop prices, hoping to stave off multimilion-dollar losses.

They're competing against one another, but collectively, their products are going up against bank-owned properties, foreclosures and short sales on homes that were built just two or three years ago around the corner.

Jeff Hill knows all about it. Owner of Dana Point-based J. Hill and Associates, the real estate broker has about 20 short sales that aren't moving because banks and sellers are desperately trying to salvage any value they can.

One of them, a 2,572-square-foot home, lies a half-mile away from the Centex tract and is on the market for about $315,000.

"They've postponed the sale four times," Hill said about the sellers. "We have an offer, and then they go out and do their own appraisal ... and by the time they come back, the buyer finds something else. Meanwhile, the values decline even further."

Sellers should be happy with buyers' offers, Hill feels.

"Everyone saves a lot more money that way, including the lender that's foreclosing," he said. "Buyers walk away when sellers try to counter the offer."

If you're happy and you know it, walk away (clap clap)
If you're happy and you know it, walk away (clap clap)
If you're happy and you know it, 'n the realtor's is shee-it
If you're happy and you know it, walk away (clap clap)