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donaldduckmoore.
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October 29, 2008 at 11:11 PM #14320October 29, 2008 at 11:21 PM #295002
an
ParticipantYou’re totally right SD R. Seems like the threshold is somewhere around 450-600k, regardless of the zip code. Look at the active/pending ratio for <$450k in MM, that's some crazy #.
October 29, 2008 at 11:21 PM #295410ParticipantYou’re totally right SD R. Seems like the threshold is somewhere around 450-600k, regardless of the zip code. Look at the active/pending ratio for <$450k in MM, that's some crazy #.
October 29, 2008 at 11:21 PM #295336ParticipantYou’re totally right SD R. Seems like the threshold is somewhere around 450-600k, regardless of the zip code. Look at the active/pending ratio for <$450k in MM, that's some crazy #.
October 29, 2008 at 11:21 PM #295372ParticipantYou’re totally right SD R. Seems like the threshold is somewhere around 450-600k, regardless of the zip code. Look at the active/pending ratio for <$450k in MM, that's some crazy #.
October 29, 2008 at 11:21 PM #295358ParticipantYou’re totally right SD R. Seems like the threshold is somewhere around 450-600k, regardless of the zip code. Look at the active/pending ratio for <$450k in MM, that's some crazy #.
October 30, 2008 at 12:04 AM #295012urbanrealtor
ParticipantGreat data.
Tomorrow I will throw some digits for the central area.
It really puts numbers to the increase in purchase volume we have seen.
Funny, apparently if its cheap it gets sold fast.
Eg: Mira Mesa
SD:
let me ask, given the choice, what would you do to control for he shorts with accepted offers??Also, (rant alert) I must express frustration with the fact that I have had a verbal lender approval on a short listing for 2 days and still have not received a written notice. Grr. No escrow for Dan.
October 30, 2008 at 12:04 AM #295420ParticipantGreat data.
Tomorrow I will throw some digits for the central area.
It really puts numbers to the increase in purchase volume we have seen.
Funny, apparently if its cheap it gets sold fast.
Eg: Mira Mesa
SD:
let me ask, given the choice, what would you do to control for he shorts with accepted offers??Also, (rant alert) I must express frustration with the fact that I have had a verbal lender approval on a short listing for 2 days and still have not received a written notice. Grr. No escrow for Dan.
October 30, 2008 at 12:04 AM #295382ParticipantGreat data.
Tomorrow I will throw some digits for the central area.
It really puts numbers to the increase in purchase volume we have seen.
Funny, apparently if its cheap it gets sold fast.
Eg: Mira Mesa
SD:
let me ask, given the choice, what would you do to control for he shorts with accepted offers??Also, (rant alert) I must express frustration with the fact that I have had a verbal lender approval on a short listing for 2 days and still have not received a written notice. Grr. No escrow for Dan.
October 30, 2008 at 12:04 AM #295346ParticipantGreat data.
Tomorrow I will throw some digits for the central area.
It really puts numbers to the increase in purchase volume we have seen.
Funny, apparently if its cheap it gets sold fast.
Eg: Mira Mesa
SD:
let me ask, given the choice, what would you do to control for he shorts with accepted offers??Also, (rant alert) I must express frustration with the fact that I have had a verbal lender approval on a short listing for 2 days and still have not received a written notice. Grr. No escrow for Dan.
October 30, 2008 at 12:04 AM #295368ParticipantGreat data.
Tomorrow I will throw some digits for the central area.
It really puts numbers to the increase in purchase volume we have seen.
Funny, apparently if its cheap it gets sold fast.
Eg: Mira Mesa
SD:
let me ask, given the choice, what would you do to control for he shorts with accepted offers??Also, (rant alert) I must express frustration with the fact that I have had a verbal lender approval on a short listing for 2 days and still have not received a written notice. Grr. No escrow for Dan.
October 30, 2008 at 12:17 AM #295387SD Realtor
ParticipantUR you gotta sit tight. I have had verbal acceptances and not received the copy of the lien release for up to 2 weeks one time. It will come if they gave the verbal. You just gotta keep the press on the LA.
Personally I am not sure what to say about the short sale dilema… It sucks because of the variances involved. Some agents indeed will continue to submit offers to the lender and others will not because they do not want to derail the process. I have had a few cases where the buyers would flat out beat the current offer into the lender but the LA didn’t want to submit the higher offer because of the time invested with the current offer.
Some agents are diligent and they actually do move the home into withdrawn which technically makes alot of sense right? The home is still under contract but is not active. Then when they get acceptance, then they move it pending.
However it rarely plays out that way. So many agents are just plain lazy and leave it in active status. I am sure you get the same thing… you client calls you saying hey what about this home on so and so street. Can we go see it? Then you call the LA and the LA says well we have 4 offers and the highest is into the lender and we really are not showing it anymore… I know the drill… it sucks.
October 30, 2008 at 12:17 AM #295425ParticipantUR you gotta sit tight. I have had verbal acceptances and not received the copy of the lien release for up to 2 weeks one time. It will come if they gave the verbal. You just gotta keep the press on the LA.
Personally I am not sure what to say about the short sale dilema… It sucks because of the variances involved. Some agents indeed will continue to submit offers to the lender and others will not because they do not want to derail the process. I have had a few cases where the buyers would flat out beat the current offer into the lender but the LA didn’t want to submit the higher offer because of the time invested with the current offer.
Some agents are diligent and they actually do move the home into withdrawn which technically makes alot of sense right? The home is still under contract but is not active. Then when they get acceptance, then they move it pending.
However it rarely plays out that way. So many agents are just plain lazy and leave it in active status. I am sure you get the same thing… you client calls you saying hey what about this home on so and so street. Can we go see it? Then you call the LA and the LA says well we have 4 offers and the highest is into the lender and we really are not showing it anymore… I know the drill… it sucks.
October 30, 2008 at 12:17 AM #295373ParticipantUR you gotta sit tight. I have had verbal acceptances and not received the copy of the lien release for up to 2 weeks one time. It will come if they gave the verbal. You just gotta keep the press on the LA.
Personally I am not sure what to say about the short sale dilema… It sucks because of the variances involved. Some agents indeed will continue to submit offers to the lender and others will not because they do not want to derail the process. I have had a few cases where the buyers would flat out beat the current offer into the lender but the LA didn’t want to submit the higher offer because of the time invested with the current offer.
Some agents are diligent and they actually do move the home into withdrawn which technically makes alot of sense right? The home is still under contract but is not active. Then when they get acceptance, then they move it pending.
However it rarely plays out that way. So many agents are just plain lazy and leave it in active status. I am sure you get the same thing… you client calls you saying hey what about this home on so and so street. Can we go see it? Then you call the LA and the LA says well we have 4 offers and the highest is into the lender and we really are not showing it anymore… I know the drill… it sucks.
October 30, 2008 at 12:17 AM #295351ParticipantUR you gotta sit tight. I have had verbal acceptances and not received the copy of the lien release for up to 2 weeks one time. It will come if they gave the verbal. You just gotta keep the press on the LA.
Personally I am not sure what to say about the short sale dilema… It sucks because of the variances involved. Some agents indeed will continue to submit offers to the lender and others will not because they do not want to derail the process. I have had a few cases where the buyers would flat out beat the current offer into the lender but the LA didn’t want to submit the higher offer because of the time invested with the current offer.
Some agents are diligent and they actually do move the home into withdrawn which technically makes alot of sense right? The home is still under contract but is not active. Then when they get acceptance, then they move it pending.
However it rarely plays out that way. So many agents are just plain lazy and leave it in active status. I am sure you get the same thing… you client calls you saying hey what about this home on so and so street. Can we go see it? Then you call the LA and the LA says well we have 4 offers and the highest is into the lender and we really are not showing it anymore… I know the drill… it sucks.
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