Active/Pending Ratios By Price

[an]

[quote=urbanrealtor]
I feel that putting it as anything other than active until full lien release is irresponsible on the part of the LA. I have had BA’s insist but I still won’t do it. Active market time is at a premium for ss sellers. Until all parties (including the lender) agree, there really is no effective contract.[/quote]
It’s one thing to leave it as active, if you’re still accepting new offer. However, what’s the point in leaving it as active if you won’t even take any new offer? In the eye of a buyer, this listing is useless because buyer can’t put an offer on it. Why clutter the MLS w/ listing that buyer can’t buy/offer?

[SD Realtor]

Esmith I saw the same thing that you did. I should definitely increase the resolution for zips with more modest pricing as that would give us better data.

UR I understand what you are saying, I guess it doesnt matter if you are the LA or the Selling agent you’ll get it soon. One thing that may be important is if the lender will require the sellers sign a promisary note or not.

I still disagree with leaving the listing as active for short sales. I would say if you have offers into the lender BUT you are willing to send additional offers into the lender then yes the property should be absolutely listed as active. However, if you will not be submitting any more offers, or your seller doesn’t want to be bothered with showings, then I feel as if the property should be put in withdrawn or perhaps a new category should be created by Sandicor.

Man I hate talking to BPO guys… There should be a law that BPOs can only be done off of solds. They piss me off to no end most of the time.

[SD Realtor]

Esmith I saw the same thing that you did. I should definitely increase the resolution for zips with more modest pricing as that would give us better data.

UR I understand what you are saying, I guess it doesnt matter if you are the LA or the Selling agent you’ll get it soon. One thing that may be important is if the lender will require the sellers sign a promisary note or not.

I still disagree with leaving the listing as active for short sales. I would say if you have offers into the lender BUT you are willing to send additional offers into the lender then yes the property should be absolutely listed as active. However, if you will not be submitting any more offers, or your seller doesn’t want to be bothered with showings, then I feel as if the property should be put in withdrawn or perhaps a new category should be created by Sandicor.

Man I hate talking to BPO guys… There should be a law that BPOs can only be done off of solds. They piss me off to no end most of the time.

[SD Realtor]

Esmith I saw the same thing that you did. I should definitely increase the resolution for zips with more modest pricing as that would give us better data.

UR I understand what you are saying, I guess it doesnt matter if you are the LA or the Selling agent you’ll get it soon. One thing that may be important is if the lender will require the sellers sign a promisary note or not.

I still disagree with leaving the listing as active for short sales. I would say if you have offers into the lender BUT you are willing to send additional offers into the lender then yes the property should be absolutely listed as active. However, if you will not be submitting any more offers, or your seller doesn’t want to be bothered with showings, then I feel as if the property should be put in withdrawn or perhaps a new category should be created by Sandicor.

Man I hate talking to BPO guys… There should be a law that BPOs can only be done off of solds. They piss me off to no end most of the time.

[SD Realtor]

Esmith I saw the same thing that you did. I should definitely increase the resolution for zips with more modest pricing as that would give us better data.

UR I understand what you are saying, I guess it doesnt matter if you are the LA or the Selling agent you’ll get it soon. One thing that may be important is if the lender will require the sellers sign a promisary note or not.

I still disagree with leaving the listing as active for short sales. I would say if you have offers into the lender BUT you are willing to send additional offers into the lender then yes the property should be absolutely listed as active. However, if you will not be submitting any more offers, or your seller doesn’t want to be bothered with showings, then I feel as if the property should be put in withdrawn or perhaps a new category should be created by Sandicor.

Man I hate talking to BPO guys… There should be a law that BPOs can only be done off of solds. They piss me off to no end most of the time.

[SD Realtor]

Esmith I saw the same thing that you did. I should definitely increase the resolution for zips with more modest pricing as that would give us better data.

UR I understand what you are saying, I guess it doesnt matter if you are the LA or the Selling agent you’ll get it soon. One thing that may be important is if the lender will require the sellers sign a promisary note or not.

I still disagree with leaving the listing as active for short sales. I would say if you have offers into the lender BUT you are willing to send additional offers into the lender then yes the property should be absolutely listed as active. However, if you will not be submitting any more offers, or your seller doesn’t want to be bothered with showings, then I feel as if the property should be put in withdrawn or perhaps a new category should be created by Sandicor.

Man I hate talking to BPO guys… There should be a law that BPOs can only be done off of solds. They piss me off to no end most of the time.

[donaldduckmoore]

I am sure the pool of eligible buyers will shrink over time but no one knows to what degree because we are not sure how big the pool to start with. If there is a 10% reduction per year, then after 5 years, you may be able to get something you want. But if there is only a 1% reduction per year, you may still have to wait forever.

Reality is that there are lots of buyers (eligible or not) sitting on the sideline and wait to get a bite when they think the bottom is there or that they feel they can afford at the price range. I have a friend who has been waiting to buy a house for more than 10 years. They were very picky back then. When the market was low, they wanted to find the good one. When the market was high, they have no way to get in. Now that the market is coming down again and to my surprise, they finally got one in Scripps Ranch. They don’t want to wait anymore. I think emotion plays a major role in buying a house and people sometimes just want to buy even if they are not completely eligible. There are still loans that people at the borderline situation (in terms of eligibility) can get. Rationality will be overcome by emotion. It is interesting to look at this market.

[donaldduckmoore]

I am sure the pool of eligible buyers will shrink over time but no one knows to what degree because we are not sure how big the pool to start with. If there is a 10% reduction per year, then after 5 years, you may be able to get something you want. But if there is only a 1% reduction per year, you may still have to wait forever.

Reality is that there are lots of buyers (eligible or not) sitting on the sideline and wait to get a bite when they think the bottom is there or that they feel they can afford at the price range. I have a friend who has been waiting to buy a house for more than 10 years. They were very picky back then. When the market was low, they wanted to find the good one. When the market was high, they have no way to get in. Now that the market is coming down again and to my surprise, they finally got one in Scripps Ranch. They don’t want to wait anymore. I think emotion plays a major role in buying a house and people sometimes just want to buy even if they are not completely eligible. There are still loans that people at the borderline situation (in terms of eligibility) can get. Rationality will be overcome by emotion. It is interesting to look at this market.

[donaldduckmoore]

I am sure the pool of eligible buyers will shrink over time but no one knows to what degree because we are not sure how big the pool to start with. If there is a 10% reduction per year, then after 5 years, you may be able to get something you want. But if there is only a 1% reduction per year, you may still have to wait forever.

Reality is that there are lots of buyers (eligible or not) sitting on the sideline and wait to get a bite when they think the bottom is there or that they feel they can afford at the price range. I have a friend who has been waiting to buy a house for more than 10 years. They were very picky back then. When the market was low, they wanted to find the good one. When the market was high, they have no way to get in. Now that the market is coming down again and to my surprise, they finally got one in Scripps Ranch. They don’t want to wait anymore. I think emotion plays a major role in buying a house and people sometimes just want to buy even if they are not completely eligible. There are still loans that people at the borderline situation (in terms of eligibility) can get. Rationality will be overcome by emotion. It is interesting to look at this market.

[donaldduckmoore]

I am sure the pool of eligible buyers will shrink over time but no one knows to what degree because we are not sure how big the pool to start with. If there is a 10% reduction per year, then after 5 years, you may be able to get something you want. But if there is only a 1% reduction per year, you may still have to wait forever.

Reality is that there are lots of buyers (eligible or not) sitting on the sideline and wait to get a bite when they think the bottom is there or that they feel they can afford at the price range. I have a friend who has been waiting to buy a house for more than 10 years. They were very picky back then. When the market was low, they wanted to find the good one. When the market was high, they have no way to get in. Now that the market is coming down again and to my surprise, they finally got one in Scripps Ranch. They don’t want to wait anymore. I think emotion plays a major role in buying a house and people sometimes just want to buy even if they are not completely eligible. There are still loans that people at the borderline situation (in terms of eligibility) can get. Rationality will be overcome by emotion. It is interesting to look at this market.

[donaldduckmoore]

I am sure the pool of eligible buyers will shrink over time but no one knows to what degree because we are not sure how big the pool to start with. If there is a 10% reduction per year, then after 5 years, you may be able to get something you want. But if there is only a 1% reduction per year, you may still have to wait forever.

Reality is that there are lots of buyers (eligible or not) sitting on the sideline and wait to get a bite when they think the bottom is there or that they feel they can afford at the price range. I have a friend who has been waiting to buy a house for more than 10 years. They were very picky back then. When the market was low, they wanted to find the good one. When the market was high, they have no way to get in. Now that the market is coming down again and to my surprise, they finally got one in Scripps Ranch. They don’t want to wait anymore. I think emotion plays a major role in buying a house and people sometimes just want to buy even if they are not completely eligible. There are still loans that people at the borderline situation (in terms of eligibility) can get. Rationality will be overcome by emotion. It is interesting to look at this market.

[Author]

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