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Viewing 15 posts - 61 through 75 (of 106 total)
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  • May 12, 2011 at 7:42 AM #695970
    ocrenter
    Participant

    [quote=sdrealtor]ocr,
    My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

    In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.[/quote]

    i know what you are saying, just saying it may be pig-lite, not a down-and-out-pig. I’m personally reserving judgement since there are no other pics available.

    cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.

    May 12, 2011 at 7:49 AM #694784
    jpinpb
    Participant

    [quote=ocrenter]cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.[/quote]

    Exactly. From the sounds of it, the place might get a higher offer if it were allowed to be on the market.

    May 12, 2011 at 7:49 AM #694870
    jpinpb
    Participant

    [quote=ocrenter]cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.[/quote]

    Exactly. From the sounds of it, the place might get a higher offer if it were allowed to be on the market.

    May 12, 2011 at 7:49 AM #695473
    jpinpb
    Participant

    [quote=ocrenter]cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.[/quote]

    Exactly. From the sounds of it, the place might get a higher offer if it were allowed to be on the market.

    May 12, 2011 at 7:49 AM #695620
    jpinpb
    Participant

    [quote=ocrenter]cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.[/quote]

    Exactly. From the sounds of it, the place might get a higher offer if it were allowed to be on the market.

    May 12, 2011 at 7:49 AM #695975
    jpinpb
    Participant

    [quote=ocrenter]cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.[/quote]

    Exactly. From the sounds of it, the place might get a higher offer if it were allowed to be on the market.

    May 12, 2011 at 8:51 AM #694804
    sdrealtor
    Participant

    Absolutely and buyers can submit higher offers. I have done many short sales and in most cases I look at the first offer as the chance to get 80 yards down the field. That buyer is rarely there at the finish line and if they are it is up to the lender to decide the price not me. They have every right to accept, reject or counter as any seller does. With that said I dont slip my own lowball buyers in because I dont think that is in my clients (the sellers) best interest. In the same vein, I dont think it is necessarily in my clients best interest to bring the highest offer to the lender first also. Once the lender see’s that they will get stuck on it and it may not be possible to get that offer again. In these cases it becomes tough to get the lender to accept a lower but current market value offer so not only has my client been damaged but the lender has been also. It is definitely a delicate balancing act.

    May 12, 2011 at 8:51 AM #694890
    sdrealtor
    Participant

    Absolutely and buyers can submit higher offers. I have done many short sales and in most cases I look at the first offer as the chance to get 80 yards down the field. That buyer is rarely there at the finish line and if they are it is up to the lender to decide the price not me. They have every right to accept, reject or counter as any seller does. With that said I dont slip my own lowball buyers in because I dont think that is in my clients (the sellers) best interest. In the same vein, I dont think it is necessarily in my clients best interest to bring the highest offer to the lender first also. Once the lender see’s that they will get stuck on it and it may not be possible to get that offer again. In these cases it becomes tough to get the lender to accept a lower but current market value offer so not only has my client been damaged but the lender has been also. It is definitely a delicate balancing act.

    May 12, 2011 at 8:51 AM #695493
    sdrealtor
    Participant

    Absolutely and buyers can submit higher offers. I have done many short sales and in most cases I look at the first offer as the chance to get 80 yards down the field. That buyer is rarely there at the finish line and if they are it is up to the lender to decide the price not me. They have every right to accept, reject or counter as any seller does. With that said I dont slip my own lowball buyers in because I dont think that is in my clients (the sellers) best interest. In the same vein, I dont think it is necessarily in my clients best interest to bring the highest offer to the lender first also. Once the lender see’s that they will get stuck on it and it may not be possible to get that offer again. In these cases it becomes tough to get the lender to accept a lower but current market value offer so not only has my client been damaged but the lender has been also. It is definitely a delicate balancing act.

    May 12, 2011 at 8:51 AM #695640
    sdrealtor
    Participant

    Absolutely and buyers can submit higher offers. I have done many short sales and in most cases I look at the first offer as the chance to get 80 yards down the field. That buyer is rarely there at the finish line and if they are it is up to the lender to decide the price not me. They have every right to accept, reject or counter as any seller does. With that said I dont slip my own lowball buyers in because I dont think that is in my clients (the sellers) best interest. In the same vein, I dont think it is necessarily in my clients best interest to bring the highest offer to the lender first also. Once the lender see’s that they will get stuck on it and it may not be possible to get that offer again. In these cases it becomes tough to get the lender to accept a lower but current market value offer so not only has my client been damaged but the lender has been also. It is definitely a delicate balancing act.

    May 12, 2011 at 8:51 AM #695996
    sdrealtor
    Participant

    Absolutely and buyers can submit higher offers. I have done many short sales and in most cases I look at the first offer as the chance to get 80 yards down the field. That buyer is rarely there at the finish line and if they are it is up to the lender to decide the price not me. They have every right to accept, reject or counter as any seller does. With that said I dont slip my own lowball buyers in because I dont think that is in my clients (the sellers) best interest. In the same vein, I dont think it is necessarily in my clients best interest to bring the highest offer to the lender first also. Once the lender see’s that they will get stuck on it and it may not be possible to get that offer again. In these cases it becomes tough to get the lender to accept a lower but current market value offer so not only has my client been damaged but the lender has been also. It is definitely a delicate balancing act.

    May 12, 2011 at 6:12 PM #695029
    SD Realtor
    Participant

    What also has not been mentioned is the timeframe. It could very well be that the intent here was simply to buy time and get the full package into the lender so that the legal dept can stall the trustee sale. Then when the lender counters the price the listing agent will have more time to fetch a higher offer.

    I am not saying this is the case but could be the case.

    May 12, 2011 at 6:12 PM #695116
    SD Realtor
    Participant

    What also has not been mentioned is the timeframe. It could very well be that the intent here was simply to buy time and get the full package into the lender so that the legal dept can stall the trustee sale. Then when the lender counters the price the listing agent will have more time to fetch a higher offer.

    I am not saying this is the case but could be the case.

    May 12, 2011 at 6:12 PM #695718
    SD Realtor
    Participant

    What also has not been mentioned is the timeframe. It could very well be that the intent here was simply to buy time and get the full package into the lender so that the legal dept can stall the trustee sale. Then when the lender counters the price the listing agent will have more time to fetch a higher offer.

    I am not saying this is the case but could be the case.

    May 12, 2011 at 6:12 PM #695867
    SD Realtor
    Participant

    What also has not been mentioned is the timeframe. It could very well be that the intent here was simply to buy time and get the full package into the lender so that the legal dept can stall the trustee sale. Then when the lender counters the price the listing agent will have more time to fetch a higher offer.

    I am not saying this is the case but could be the case.

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