Growing number of foreclosure sales feeds vicious cycle

[contraman]

2008? Rebound? What are you guys talking about here….we had a “Soft Landing” back in late 2005 and home prices just stabilized……and reverted back to 3% to 5% annual appreciation.

I mean for the Love of God, don’t you dumb people know that EVERYONE wants to live in CA, there is not enough land, if you don’t buy now you’ll miss the opportunity, this is a sunny place, you can write off your mello-roos taxes? RE never goes down…….

What an uneducated bunch here at Piggington…..

Sincerely, Contraman

[SD Realtor]

I get a kick out of hearing the stories of what realtors tell the clients. Even moreso when I go to open houses and listen to the shenanigans. However, because I am apt to do business with any given realtor at any given deal I cannot start to joust with them so I politely bobble my head around…maybe even let a little slobber slip out just for affects.

Anyways there are realtors out there with integrity. A good test is to do what all of you are doing and question your realtor and ask them to back up the outlook they have with facts. I think that one thing that holds true is that a realtor can be honest with people and still maintain business. Your clients will respect you that much more. Yes as an honest realtor you will lose clients to the mainstream realtors who feed them the standard lines you all have written about here.

Also with regards to lowballs that is a tough deal. It really doesn’t take a whole lot of effort to write an offer up and send it in. Or even to lob a phone call to the agent to say hey I am gonna send this in. It is the showings that take alot of time and as an agent time is money.

As far as increased activity, yes I have seen increased activity since mid January. I cannot quantify if it has translated to sales. Obviously compared to yoy sales of the same period last year it has not, at least not yet. However MANY of the short sales and REO I see on the MLS indeed have offers into the lenders. Of the shorts that have the offers in, it takes so darn long to process that many of those buyers bail out.

One thing for sure… no way are we near the bottom. I am still on the 10-11 train and am thinking of going to the 12 train based on the delay tactics and for sure based on locations. Low end or outlying areas are getting closer to penciling out…another 10-20% and they will…

SD Realtor

[SD Realtor]

I get a kick out of hearing the stories of what realtors tell the clients. Even moreso when I go to open houses and listen to the shenanigans. However, because I am apt to do business with any given realtor at any given deal I cannot start to joust with them so I politely bobble my head around…maybe even let a little slobber slip out just for affects.

Anyways there are realtors out there with integrity. A good test is to do what all of you are doing and question your realtor and ask them to back up the outlook they have with facts. I think that one thing that holds true is that a realtor can be honest with people and still maintain business. Your clients will respect you that much more. Yes as an honest realtor you will lose clients to the mainstream realtors who feed them the standard lines you all have written about here.

Also with regards to lowballs that is a tough deal. It really doesn’t take a whole lot of effort to write an offer up and send it in. Or even to lob a phone call to the agent to say hey I am gonna send this in. It is the showings that take alot of time and as an agent time is money.

As far as increased activity, yes I have seen increased activity since mid January. I cannot quantify if it has translated to sales. Obviously compared to yoy sales of the same period last year it has not, at least not yet. However MANY of the short sales and REO I see on the MLS indeed have offers into the lenders. Of the shorts that have the offers in, it takes so darn long to process that many of those buyers bail out.

One thing for sure… no way are we near the bottom. I am still on the 10-11 train and am thinking of going to the 12 train based on the delay tactics and for sure based on locations. Low end or outlying areas are getting closer to penciling out…another 10-20% and they will…

SD Realtor

[SD Realtor]

I get a kick out of hearing the stories of what realtors tell the clients. Even moreso when I go to open houses and listen to the shenanigans. However, because I am apt to do business with any given realtor at any given deal I cannot start to joust with them so I politely bobble my head around…maybe even let a little slobber slip out just for affects.

Anyways there are realtors out there with integrity. A good test is to do what all of you are doing and question your realtor and ask them to back up the outlook they have with facts. I think that one thing that holds true is that a realtor can be honest with people and still maintain business. Your clients will respect you that much more. Yes as an honest realtor you will lose clients to the mainstream realtors who feed them the standard lines you all have written about here.

Also with regards to lowballs that is a tough deal. It really doesn’t take a whole lot of effort to write an offer up and send it in. Or even to lob a phone call to the agent to say hey I am gonna send this in. It is the showings that take alot of time and as an agent time is money.

As far as increased activity, yes I have seen increased activity since mid January. I cannot quantify if it has translated to sales. Obviously compared to yoy sales of the same period last year it has not, at least not yet. However MANY of the short sales and REO I see on the MLS indeed have offers into the lenders. Of the shorts that have the offers in, it takes so darn long to process that many of those buyers bail out.

One thing for sure… no way are we near the bottom. I am still on the 10-11 train and am thinking of going to the 12 train based on the delay tactics and for sure based on locations. Low end or outlying areas are getting closer to penciling out…another 10-20% and they will…

SD Realtor

[SD Realtor]

I get a kick out of hearing the stories of what realtors tell the clients. Even moreso when I go to open houses and listen to the shenanigans. However, because I am apt to do business with any given realtor at any given deal I cannot start to joust with them so I politely bobble my head around…maybe even let a little slobber slip out just for affects.

Anyways there are realtors out there with integrity. A good test is to do what all of you are doing and question your realtor and ask them to back up the outlook they have with facts. I think that one thing that holds true is that a realtor can be honest with people and still maintain business. Your clients will respect you that much more. Yes as an honest realtor you will lose clients to the mainstream realtors who feed them the standard lines you all have written about here.

Also with regards to lowballs that is a tough deal. It really doesn’t take a whole lot of effort to write an offer up and send it in. Or even to lob a phone call to the agent to say hey I am gonna send this in. It is the showings that take alot of time and as an agent time is money.

As far as increased activity, yes I have seen increased activity since mid January. I cannot quantify if it has translated to sales. Obviously compared to yoy sales of the same period last year it has not, at least not yet. However MANY of the short sales and REO I see on the MLS indeed have offers into the lenders. Of the shorts that have the offers in, it takes so darn long to process that many of those buyers bail out.

One thing for sure… no way are we near the bottom. I am still on the 10-11 train and am thinking of going to the 12 train based on the delay tactics and for sure based on locations. Low end or outlying areas are getting closer to penciling out…another 10-20% and they will…

SD Realtor

[SD Realtor]

I get a kick out of hearing the stories of what realtors tell the clients. Even moreso when I go to open houses and listen to the shenanigans. However, because I am apt to do business with any given realtor at any given deal I cannot start to joust with them so I politely bobble my head around…maybe even let a little slobber slip out just for affects.

Anyways there are realtors out there with integrity. A good test is to do what all of you are doing and question your realtor and ask them to back up the outlook they have with facts. I think that one thing that holds true is that a realtor can be honest with people and still maintain business. Your clients will respect you that much more. Yes as an honest realtor you will lose clients to the mainstream realtors who feed them the standard lines you all have written about here.

Also with regards to lowballs that is a tough deal. It really doesn’t take a whole lot of effort to write an offer up and send it in. Or even to lob a phone call to the agent to say hey I am gonna send this in. It is the showings that take alot of time and as an agent time is money.

As far as increased activity, yes I have seen increased activity since mid January. I cannot quantify if it has translated to sales. Obviously compared to yoy sales of the same period last year it has not, at least not yet. However MANY of the short sales and REO I see on the MLS indeed have offers into the lenders. Of the shorts that have the offers in, it takes so darn long to process that many of those buyers bail out.

One thing for sure… no way are we near the bottom. I am still on the 10-11 train and am thinking of going to the 12 train based on the delay tactics and for sure based on locations. Low end or outlying areas are getting closer to penciling out…another 10-20% and they will…

SD Realtor

[dontfollowtheherd]

I’m just chomping at the bit waiting for the Great Park housing developments to be built in the OC. There’s no selection of homes to choose from in this market. Another 4,000 to 5,000 homes is what we need right now. Who cares if the Irvine co has a two-year moratorium on building in the Portola Hills area. They don’t know nuthin’ ’bout real estate. I want to buy and I want to buy it now.

[dontfollowtheherd]

I’m just chomping at the bit waiting for the Great Park housing developments to be built in the OC. There’s no selection of homes to choose from in this market. Another 4,000 to 5,000 homes is what we need right now. Who cares if the Irvine co has a two-year moratorium on building in the Portola Hills area. They don’t know nuthin’ ’bout real estate. I want to buy and I want to buy it now.

[dontfollowtheherd]

I’m just chomping at the bit waiting for the Great Park housing developments to be built in the OC. There’s no selection of homes to choose from in this market. Another 4,000 to 5,000 homes is what we need right now. Who cares if the Irvine co has a two-year moratorium on building in the Portola Hills area. They don’t know nuthin’ ’bout real estate. I want to buy and I want to buy it now.

[dontfollowtheherd]

I’m just chomping at the bit waiting for the Great Park housing developments to be built in the OC. There’s no selection of homes to choose from in this market. Another 4,000 to 5,000 homes is what we need right now. Who cares if the Irvine co has a two-year moratorium on building in the Portola Hills area. They don’t know nuthin’ ’bout real estate. I want to buy and I want to buy it now.

[dontfollowtheherd]

I’m just chomping at the bit waiting for the Great Park housing developments to be built in the OC. There’s no selection of homes to choose from in this market. Another 4,000 to 5,000 homes is what we need right now. Who cares if the Irvine co has a two-year moratorium on building in the Portola Hills area. They don’t know nuthin’ ’bout real estate. I want to buy and I want to buy it now.

[Author]

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