I predict the rate cuts will lead to more inventory

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[barnaby33]

I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.

Stan you make the faulty assumption that a lower FFR translates into lower mortgage rates and that ain’t so. Mortgage rates are going to go up, as banks have to charge more to cover the losses being incurred.

Josh

[barnaby33]

I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.

Stan you make the faulty assumption that a lower FFR translates into lower mortgage rates and that ain’t so. Mortgage rates are going to go up, as banks have to charge more to cover the losses being incurred.

Josh

[barnaby33]

I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.

Stan you make the faulty assumption that a lower FFR translates into lower mortgage rates and that ain’t so. Mortgage rates are going to go up, as banks have to charge more to cover the losses being incurred.

Josh

[barnaby33]

I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.

Stan you make the faulty assumption that a lower FFR translates into lower mortgage rates and that ain’t so. Mortgage rates are going to go up, as banks have to charge more to cover the losses being incurred.

Josh

[barnaby33]

I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.

Stan you make the faulty assumption that a lower FFR translates into lower mortgage rates and that ain’t so. Mortgage rates are going to go up, as banks have to charge more to cover the losses being incurred.

Josh

[Anonymous]

HT – I heard quite a different story, and as I have first hand knowledge of the transaction (I was actually involved in it), I believe my version of events to be significantly more credible than yours.

So, for the record:

1.Your friend was upset bc her home was worth dramatically less than she thought.

2.I had multiple lengthy conversations with her about every aspect of the transaction throughout the transaction and she had my personal cell phone # for the duration.

3. I personally went over the offer with her and negotiated what I believe to be a very high price for her home relative to the market in her nbhd. Had she not taken my advice,and sold when she did, she would have sold for considerably less.

4. She questioned and challenged fees that were disclosed in her listing agreement in writing, and explained to her at the time of her listing agreement.

5. Fees & commissions were discounted and waived in an effort to make her happy (obviously to no avail).

6. Escrow fees are significantly higher on a $1 million dollar transaction than on a $500K transaction.

7. Finally, your last comment is especially telling – “He got his big commission check and yet he pecked her with all other kinds of extra fees.” Those fees, are called getting paid a pre-disclosed, agreed upon fee for the service of selling a home, coordinating an escrow, offering title insurance etc etc – also known as “the way people make a living and feed their families.”

Consider this from a different perspective: “The seller got her big net proceeds check and yet she repeatedly pecked away at every one else’s checks (realtors, real estate companies, escrow officers & escrow companies, title insurers etc) with repeated and unfounded requests for discounts because her home was worth less than what she hoped for.”

[Anonymous]

HT – I heard quite a different story, and as I have first hand knowledge of the transaction (I was actually involved in it), I believe my version of events to be significantly more credible than yours.

So, for the record:

1.Your friend was upset bc her home was worth dramatically less than she thought.

2.I had multiple lengthy conversations with her about every aspect of the transaction throughout the transaction and she had my personal cell phone # for the duration.

3. I personally went over the offer with her and negotiated what I believe to be a very high price for her home relative to the market in her nbhd. Had she not taken my advice,and sold when she did, she would have sold for considerably less.

4. She questioned and challenged fees that were disclosed in her listing agreement in writing, and explained to her at the time of her listing agreement.

5. Fees & commissions were discounted and waived in an effort to make her happy (obviously to no avail).

6. Escrow fees are significantly higher on a $1 million dollar transaction than on a $500K transaction.

7. Finally, your last comment is especially telling – “He got his big commission check and yet he pecked her with all other kinds of extra fees.” Those fees, are called getting paid a pre-disclosed, agreed upon fee for the service of selling a home, coordinating an escrow, offering title insurance etc etc – also known as “the way people make a living and feed their families.”

Consider this from a different perspective: “The seller got her big net proceeds check and yet she repeatedly pecked away at every one else’s checks (realtors, real estate companies, escrow officers & escrow companies, title insurers etc) with repeated and unfounded requests for discounts because her home was worth less than what she hoped for.”

[Anonymous]

HT – I heard quite a different story, and as I have first hand knowledge of the transaction (I was actually involved in it), I believe my version of events to be significantly more credible than yours.

So, for the record:

1.Your friend was upset bc her home was worth dramatically less than she thought.

2.I had multiple lengthy conversations with her about every aspect of the transaction throughout the transaction and she had my personal cell phone # for the duration.

3. I personally went over the offer with her and negotiated what I believe to be a very high price for her home relative to the market in her nbhd. Had she not taken my advice,and sold when she did, she would have sold for considerably less.

4. She questioned and challenged fees that were disclosed in her listing agreement in writing, and explained to her at the time of her listing agreement.

5. Fees & commissions were discounted and waived in an effort to make her happy (obviously to no avail).

6. Escrow fees are significantly higher on a $1 million dollar transaction than on a $500K transaction.

7. Finally, your last comment is especially telling – “He got his big commission check and yet he pecked her with all other kinds of extra fees.” Those fees, are called getting paid a pre-disclosed, agreed upon fee for the service of selling a home, coordinating an escrow, offering title insurance etc etc – also known as “the way people make a living and feed their families.”

Consider this from a different perspective: “The seller got her big net proceeds check and yet she repeatedly pecked away at every one else’s checks (realtors, real estate companies, escrow officers & escrow companies, title insurers etc) with repeated and unfounded requests for discounts because her home was worth less than what she hoped for.”

[Anonymous]

HT – I heard quite a different story, and as I have first hand knowledge of the transaction (I was actually involved in it), I believe my version of events to be significantly more credible than yours.

So, for the record:

1.Your friend was upset bc her home was worth dramatically less than she thought.

2.I had multiple lengthy conversations with her about every aspect of the transaction throughout the transaction and she had my personal cell phone # for the duration.

3. I personally went over the offer with her and negotiated what I believe to be a very high price for her home relative to the market in her nbhd. Had she not taken my advice,and sold when she did, she would have sold for considerably less.

4. She questioned and challenged fees that were disclosed in her listing agreement in writing, and explained to her at the time of her listing agreement.

5. Fees & commissions were discounted and waived in an effort to make her happy (obviously to no avail).

6. Escrow fees are significantly higher on a $1 million dollar transaction than on a $500K transaction.

7. Finally, your last comment is especially telling – “He got his big commission check and yet he pecked her with all other kinds of extra fees.” Those fees, are called getting paid a pre-disclosed, agreed upon fee for the service of selling a home, coordinating an escrow, offering title insurance etc etc – also known as “the way people make a living and feed their families.”

Consider this from a different perspective: “The seller got her big net proceeds check and yet she repeatedly pecked away at every one else’s checks (realtors, real estate companies, escrow officers & escrow companies, title insurers etc) with repeated and unfounded requests for discounts because her home was worth less than what she hoped for.”

[Anonymous]

HT – I heard quite a different story, and as I have first hand knowledge of the transaction (I was actually involved in it), I believe my version of events to be significantly more credible than yours.

So, for the record:

1.Your friend was upset bc her home was worth dramatically less than she thought.

2.I had multiple lengthy conversations with her about every aspect of the transaction throughout the transaction and she had my personal cell phone # for the duration.

3. I personally went over the offer with her and negotiated what I believe to be a very high price for her home relative to the market in her nbhd. Had she not taken my advice,and sold when she did, she would have sold for considerably less.

4. She questioned and challenged fees that were disclosed in her listing agreement in writing, and explained to her at the time of her listing agreement.

5. Fees & commissions were discounted and waived in an effort to make her happy (obviously to no avail).

6. Escrow fees are significantly higher on a $1 million dollar transaction than on a $500K transaction.

7. Finally, your last comment is especially telling – “He got his big commission check and yet he pecked her with all other kinds of extra fees.” Those fees, are called getting paid a pre-disclosed, agreed upon fee for the service of selling a home, coordinating an escrow, offering title insurance etc etc – also known as “the way people make a living and feed their families.”

Consider this from a different perspective: “The seller got her big net proceeds check and yet she repeatedly pecked away at every one else’s checks (realtors, real estate companies, escrow officers & escrow companies, title insurers etc) with repeated and unfounded requests for discounts because her home was worth less than what she hoped for.”

[Raybyrnes]

sdreinvestor39

It is about time someone came to their own defense to give the other side of the story.

There was a previous post talking about how unresponsive a lender was and one of the members offered to assist. Why didn’t they take them up on the offer?

Because there was another unspoken side.

I am confixdent that there is a certain amount of junk fees that can be added to a contract and for someone who is knowledgeable they can professionally ask that the fees be removed and they will get that done.

But when someone who is unknowledgeable questions ever fee just becasu they think they can they basicially come across as an idiot and open themselves up to getting scammed by someone who claims they can do things that others can’t.

[Raybyrnes]

sdreinvestor39

It is about time someone came to their own defense to give the other side of the story.

There was a previous post talking about how unresponsive a lender was and one of the members offered to assist. Why didn’t they take them up on the offer?

Because there was another unspoken side.

I am confixdent that there is a certain amount of junk fees that can be added to a contract and for someone who is knowledgeable they can professionally ask that the fees be removed and they will get that done.

But when someone who is unknowledgeable questions ever fee just becasu they think they can they basicially come across as an idiot and open themselves up to getting scammed by someone who claims they can do things that others can’t.

[Raybyrnes]

sdreinvestor39

It is about time someone came to their own defense to give the other side of the story.

There was a previous post talking about how unresponsive a lender was and one of the members offered to assist. Why didn’t they take them up on the offer?

Because there was another unspoken side.

I am confixdent that there is a certain amount of junk fees that can be added to a contract and for someone who is knowledgeable they can professionally ask that the fees be removed and they will get that done.

But when someone who is unknowledgeable questions ever fee just becasu they think they can they basicially come across as an idiot and open themselves up to getting scammed by someone who claims they can do things that others can’t.

[Raybyrnes]

sdreinvestor39

It is about time someone came to their own defense to give the other side of the story.

There was a previous post talking about how unresponsive a lender was and one of the members offered to assist. Why didn’t they take them up on the offer?

Because there was another unspoken side.

I am confixdent that there is a certain amount of junk fees that can be added to a contract and for someone who is knowledgeable they can professionally ask that the fees be removed and they will get that done.

But when someone who is unknowledgeable questions ever fee just becasu they think they can they basicially come across as an idiot and open themselves up to getting scammed by someone who claims they can do things that others can’t.

[Author]

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