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  • August 13, 2007 at 1:39 PM #9839
    GoUSC
    Participant

    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?

    August 13, 2007 at 1:59 PM #74525
    NotCranky
    Participant

    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.

    August 13, 2007 at 1:59 PM #74650
    NotCranky
    Participant

    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.

    August 13, 2007 at 1:59 PM #74643
    NotCranky
    Participant

    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.

    August 13, 2007 at 2:00 PM #74528
    PerryChase
    Participant

    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?

    August 13, 2007 at 2:00 PM #74652
    PerryChase
    Participant

    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?

    August 13, 2007 at 2:00 PM #74646
    PerryChase
    Participant

    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?

    August 13, 2007 at 2:02 PM #74655
    GoUSC
    Participant

    Duly noted…meant to say Sellers brokers. 🙂 I am just wondering as a patiently sit on the sidelines wanting to buy…

    August 13, 2007 at 2:02 PM #74649
    GoUSC
    Participant

    Duly noted…meant to say Sellers brokers. 🙂 I am just wondering as a patiently sit on the sidelines wanting to buy…

    August 13, 2007 at 2:02 PM #74531
    GoUSC
    Participant

    Duly noted…meant to say Sellers brokers. 🙂 I am just wondering as a patiently sit on the sidelines wanting to buy…

    August 13, 2007 at 2:48 PM #74556
    JWM in SD
    Participant

    “He’s selling his 2006 Cayenne S. Anyone interested?”

    Sure, is it 50% off bluebook 😉

    August 13, 2007 at 2:48 PM #74673
    JWM in SD
    Participant

    “He’s selling his 2006 Cayenne S. Anyone interested?”

    Sure, is it 50% off bluebook 😉

    August 13, 2007 at 2:48 PM #74678
    JWM in SD
    Participant

    “He’s selling his 2006 Cayenne S. Anyone interested?”

    Sure, is it 50% off bluebook 😉

    August 13, 2007 at 2:56 PM #74562
    NotCranky
    Participant

    That is funny. It would be funnier if you were referring to how he was marketing his house…. 50% off blue book.Used car salesman ,old habits die hard.

    August 13, 2007 at 2:56 PM #74679
    NotCranky
    Participant

    That is funny. It would be funnier if you were referring to how he was marketing his house…. 50% off blue book.Used car salesman ,old habits die hard.

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