Mr Mortgage: “Massive number of people about to be taken out the market”

[Fearful]

[quote=sdrealtor]
BTW, its a lousy time to sell a house even though I get offers it usually takes 2 to 4 to get one that eventually closes for a variety of reasons. Its also a lousy time to buy because the nice homes are still too high, the affordable homes priced well are subject to alot of competition, inventory is not high (my guess is that at least 1/3rd of the active inventory is short sales with offers on them already) and there are a lot of crappy homes on the market that only a giveaway price could fix.[/quote]

Well put – that is the market paralysis I was referring to. Potential sellers think it a bad time to sell and potential buyers think it a bad time to buy. And a good chunk of the market is low liquidity – short sales and bank owned. The market only unlocks when there is a general sense it has unlocked. Ugh.

[BGinRB]

[quote=sdrealtor]Foreign buyers closed on their property and are very happy as Euro exchange has decreased their buying power since then. Cash buyers closed and are closing as we speak on various transactions I am involved with on the buying and/or selling side.[/quote]

Interesting. I thought it was (many) more than one cash buyer early this summer, followed by (many)more than one foreign buyer, since you used the anecdote as a proof of strength on the buyer’s side.
Either you misspoke or I misunderstood.

[BGinRB]

[quote=sdrealtor]Foreign buyers closed on their property and are very happy as Euro exchange has decreased their buying power since then. Cash buyers closed and are closing as we speak on various transactions I am involved with on the buying and/or selling side.[/quote]

Interesting. I thought it was (many) more than one cash buyer early this summer, followed by (many)more than one foreign buyer, since you used the anecdote as a proof of strength on the buyer’s side.
Either you misspoke or I misunderstood.

[BGinRB]

[quote=sdrealtor]Foreign buyers closed on their property and are very happy as Euro exchange has decreased their buying power since then. Cash buyers closed and are closing as we speak on various transactions I am involved with on the buying and/or selling side.[/quote]

Interesting. I thought it was (many) more than one cash buyer early this summer, followed by (many)more than one foreign buyer, since you used the anecdote as a proof of strength on the buyer’s side.
Either you misspoke or I misunderstood.

[BGinRB]

[quote=sdrealtor]Foreign buyers closed on their property and are very happy as Euro exchange has decreased their buying power since then. Cash buyers closed and are closing as we speak on various transactions I am involved with on the buying and/or selling side.[/quote]

Interesting. I thought it was (many) more than one cash buyer early this summer, followed by (many)more than one foreign buyer, since you used the anecdote as a proof of strength on the buyer’s side.
Either you misspoke or I misunderstood.

[BGinRB]

[quote=sdrealtor]Foreign buyers closed on their property and are very happy as Euro exchange has decreased their buying power since then. Cash buyers closed and are closing as we speak on various transactions I am involved with on the buying and/or selling side.[/quote]

Interesting. I thought it was (many) more than one cash buyer early this summer, followed by (many)more than one foreign buyer, since you used the anecdote as a proof of strength on the buyer’s side.
Either you misspoke or I misunderstood.

[sdrealtor]

dupe

[sdrealtor]

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[sdrealtor]

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[sdrealtor]

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[sdrealtor]

dupe

[sdrealtor]

BG,
These were just the transactions I personally closed. There was more than one cash buyer (3 to be exact) and I received offers from many more cash buyers on various properties. I also received many offers from foreign buyers.

[sdrealtor]

BG,
These were just the transactions I personally closed. There was more than one cash buyer (3 to be exact) and I received offers from many more cash buyers on various properties. I also received many offers from foreign buyers.

[sdrealtor]

BG,
These were just the transactions I personally closed. There was more than one cash buyer (3 to be exact) and I received offers from many more cash buyers on various properties. I also received many offers from foreign buyers.

[sdrealtor]

BG,
These were just the transactions I personally closed. There was more than one cash buyer (3 to be exact) and I received offers from many more cash buyers on various properties. I also received many offers from foreign buyers.

[Author]

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