SDR and whomever else wants to chime in. Are brokers passing on the information regarding loan rates and how that can impact sales prices and maybe telling them to consider adjusting them?
It is a twist of semantics Radelow but the selling broker has the buyer.(I am sure you know that, just a reminder). Listing agents aren’t really in a different situation than they have been with a declining market,as that sellers who understand, will do it themselves and those that don’t can’t be helped, probably because they can’t afford to drop the price anyway. I wouldn’t panic someone though. I would just suggest listing below comps and see what comes. Don’t cut an additional 10% because of this rate news, yet,but keep a close eye on things and talk with mortgage people everyday.
It is a twist of semantics Radelow but the selling broker has the buyer.(I am sure you know that, just a reminder). Listing agents aren’t really in a different situation than they have been with a declining market,as that sellers who understand, will do it themselves and those that don’t can’t be helped, probably because they can’t afford to drop the price anyway. I wouldn’t panic someone though. I would just suggest listing below comps and see what comes. Don’t cut an additional 10% because of this rate news, yet,but keep a close eye on things and talk with mortgage people everyday.
It is a twist of semantics Radelow but the selling broker has the buyer.(I am sure you know that, just a reminder). Listing agents aren’t really in a different situation than they have been with a declining market,as that sellers who understand, will do it themselves and those that don’t can’t be helped, probably because they can’t afford to drop the price anyway. I wouldn’t panic someone though. I would just suggest listing below comps and see what comes. Don’t cut an additional 10% because of this rate news, yet,but keep a close eye on things and talk with mortgage people everyday.
I play ignorant when I talk to real estate people — just to see what kind of bull they try to pull.
This broker I know said “buy now before the rates go higher”, “there are great deals out there because of all the foreclosures.” He’s selling his 2006 Cayenne S. Anyone interested?
I play ignorant when I talk to real estate people — just to see what kind of bull they try to pull.
This broker I know said “buy now before the rates go higher”, “there are great deals out there because of all the foreclosures.” He’s selling his 2006 Cayenne S. Anyone interested?
I play ignorant when I talk to real estate people — just to see what kind of bull they try to pull.
This broker I know said “buy now before the rates go higher”, “there are great deals out there because of all the foreclosures.” He’s selling his 2006 Cayenne S. Anyone interested?
