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July 8, 2010 at 8:37 PM #576997July 8, 2010 at 9:18 PM #576488sdrealtorParticipant
Its hard to track. I know with my short sales, I usually have a handful of backups so they usually dont go back on the market. When they do its usually because the lender came back with some terms and I’m looking for a specific kind of buyer to meet them.
As for the pendings my guess would be 20 to 30% go back on the market. But while some are going back on the market others are coming off the market.
Here’s one way of looking at it and bear in mind I’m making this up as I go. Most pendings that close do so in about 30 days. So thats about 3000 per month. I would guess that about 20 to 25% take longer so thats another 1,000 or so (5000 pendings X 20% = 1000???). That gets us to about 4000. So its probably a fairly reasonable assumption that 70 to 80% of pendings close. Of course many that fall out will re-sell to another buyer.
As for appraisal issues, while they exist I dont see them as a major portion of the fall outs. Most fall outs involve buyers changing their minds followed closely by financiang problems.
July 8, 2010 at 9:18 PM #577419sdrealtorParticipantIts hard to track. I know with my short sales, I usually have a handful of backups so they usually dont go back on the market. When they do its usually because the lender came back with some terms and I’m looking for a specific kind of buyer to meet them.
As for the pendings my guess would be 20 to 30% go back on the market. But while some are going back on the market others are coming off the market.
Here’s one way of looking at it and bear in mind I’m making this up as I go. Most pendings that close do so in about 30 days. So thats about 3000 per month. I would guess that about 20 to 25% take longer so thats another 1,000 or so (5000 pendings X 20% = 1000???). That gets us to about 4000. So its probably a fairly reasonable assumption that 70 to 80% of pendings close. Of course many that fall out will re-sell to another buyer.
As for appraisal issues, while they exist I dont see them as a major portion of the fall outs. Most fall outs involve buyers changing their minds followed closely by financiang problems.
July 8, 2010 at 9:18 PM #576391sdrealtorParticipantIts hard to track. I know with my short sales, I usually have a handful of backups so they usually dont go back on the market. When they do its usually because the lender came back with some terms and I’m looking for a specific kind of buyer to meet them.
As for the pendings my guess would be 20 to 30% go back on the market. But while some are going back on the market others are coming off the market.
Here’s one way of looking at it and bear in mind I’m making this up as I go. Most pendings that close do so in about 30 days. So thats about 3000 per month. I would guess that about 20 to 25% take longer so thats another 1,000 or so (5000 pendings X 20% = 1000???). That gets us to about 4000. So its probably a fairly reasonable assumption that 70 to 80% of pendings close. Of course many that fall out will re-sell to another buyer.
As for appraisal issues, while they exist I dont see them as a major portion of the fall outs. Most fall outs involve buyers changing their minds followed closely by financiang problems.
July 8, 2010 at 9:18 PM #577118sdrealtorParticipantIts hard to track. I know with my short sales, I usually have a handful of backups so they usually dont go back on the market. When they do its usually because the lender came back with some terms and I’m looking for a specific kind of buyer to meet them.
As for the pendings my guess would be 20 to 30% go back on the market. But while some are going back on the market others are coming off the market.
Here’s one way of looking at it and bear in mind I’m making this up as I go. Most pendings that close do so in about 30 days. So thats about 3000 per month. I would guess that about 20 to 25% take longer so thats another 1,000 or so (5000 pendings X 20% = 1000???). That gets us to about 4000. So its probably a fairly reasonable assumption that 70 to 80% of pendings close. Of course many that fall out will re-sell to another buyer.
As for appraisal issues, while they exist I dont see them as a major portion of the fall outs. Most fall outs involve buyers changing their minds followed closely by financiang problems.
July 8, 2010 at 9:18 PM #577012sdrealtorParticipantIts hard to track. I know with my short sales, I usually have a handful of backups so they usually dont go back on the market. When they do its usually because the lender came back with some terms and I’m looking for a specific kind of buyer to meet them.
As for the pendings my guess would be 20 to 30% go back on the market. But while some are going back on the market others are coming off the market.
Here’s one way of looking at it and bear in mind I’m making this up as I go. Most pendings that close do so in about 30 days. So thats about 3000 per month. I would guess that about 20 to 25% take longer so thats another 1,000 or so (5000 pendings X 20% = 1000???). That gets us to about 4000. So its probably a fairly reasonable assumption that 70 to 80% of pendings close. Of course many that fall out will re-sell to another buyer.
As for appraisal issues, while they exist I dont see them as a major portion of the fall outs. Most fall outs involve buyers changing their minds followed closely by financiang problems.
July 9, 2010 at 8:17 AM #577163jpinpbParticipantYou are talking about pendings or contingents? if you are talking about contingents, you are seeing something vastly different than what I am seeing. I have seen some places contingent from about 3 months to well over 6 months or more.
July 9, 2010 at 8:17 AM #577464jpinpbParticipantYou are talking about pendings or contingents? if you are talking about contingents, you are seeing something vastly different than what I am seeing. I have seen some places contingent from about 3 months to well over 6 months or more.
July 9, 2010 at 8:17 AM #576436jpinpbParticipantYou are talking about pendings or contingents? if you are talking about contingents, you are seeing something vastly different than what I am seeing. I have seen some places contingent from about 3 months to well over 6 months or more.
July 9, 2010 at 8:17 AM #577057jpinpbParticipantYou are talking about pendings or contingents? if you are talking about contingents, you are seeing something vastly different than what I am seeing. I have seen some places contingent from about 3 months to well over 6 months or more.
July 9, 2010 at 8:17 AM #576533jpinpbParticipantYou are talking about pendings or contingents? if you are talking about contingents, you are seeing something vastly different than what I am seeing. I have seen some places contingent from about 3 months to well over 6 months or more.
July 9, 2010 at 10:23 AM #577183(former)FormerSanDieganParticipant[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.
Inventory for San Diego county, according to SDL is 16,040.[/quote]
5-year ARMs that originated in 2005 with typical start rates of 5.5-6% would require today’s 12-month LIBOR rate to triple for the new rate to exceed the start rate …
July 9, 2010 at 10:23 AM #576455(former)FormerSanDieganParticipant[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.
Inventory for San Diego county, according to SDL is 16,040.[/quote]
5-year ARMs that originated in 2005 with typical start rates of 5.5-6% would require today’s 12-month LIBOR rate to triple for the new rate to exceed the start rate …
July 9, 2010 at 10:23 AM #577077(former)FormerSanDieganParticipant[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.
Inventory for San Diego county, according to SDL is 16,040.[/quote]
5-year ARMs that originated in 2005 with typical start rates of 5.5-6% would require today’s 12-month LIBOR rate to triple for the new rate to exceed the start rate …
July 9, 2010 at 10:23 AM #576551(former)FormerSanDieganParticipant[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.
Inventory for San Diego county, according to SDL is 16,040.[/quote]
5-year ARMs that originated in 2005 with typical start rates of 5.5-6% would require today’s 12-month LIBOR rate to triple for the new rate to exceed the start rate …
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