Barbie’s Mortgage-Backed Offer Wouldn’t Have Won Her the Dreamhouse

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Barbie’s Mortgage-Backed Offer Wouldn’t Have Won Her the Dreamhouse
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.cliomiso asked a Realtor about that Barbie SuperBowl ad

Photo: Rocket Mortgage/YouTube If you watched the Super Bowl, you might have seen Anna Kendrick helping Barbie land her Dreamhouse, which, like all dream houses, has both stunning views and a slide. Trouble comes for Barbie when Better Offer Betty swoops in with “ten over asking” and Cash Offer Carl offers “straight cash” . Also inexplicably in competition is House Flipper Skipper, who intends to tear everything down to the studs.

Is this realistic given the conditions of the current housing market, especially in desirable locales seeing the most interest? To gauge the situation, I turned to Peter Newman, who has been selling Hudson Valley real estate for the past six years and is currently with Columbia County’s Beach & Bartolo Realtors.What did you think?

Well, we don’t take any offers unless someone’s preapproved, whether it’s cash or a mortgage or however you’re financing it. It’s part of the process. It’s not a Rocket Mortgage phenomenon.Absolutely — [from] the flipper to Barbie herself.Not realistic. Cash is still king. And overasking, where I am in Columbia County and Dutchess County, still seems to be the norm. Good houses are selling quickly.

I found it funny that Skipper was also bidding to flip the property. Would she even try to buy the Dreamhouse? What would need to be done? Well, it depends. Barbie’s Dreamhouse could need renovation. A lot of people are floating around the house, going on the slides and up the elevator. It could have been a house that needed some TLC, and somebody who’s good at it can certainly add value if they know what they’re doing.Barbie getting her Dreamhouse because she’s prequalified. The fact is, I often recommend buyers to use local offices or local mortgage companies, banks, or somebody who understands [the local market].

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