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  • January 12, 2009 at 4:43 PM #328110
    aldante
    Participant

    [quote=sdrealtor]no problem on this side. I’m selling properties left and right these days below market prices.[/quote]

    Not to be confrontational but if your selling the homes isn’t that the market? How can it be under the market?

    January 12, 2009 at 5:49 PM #327979
    sdrealtor
    Participant

    Short sales are impaired in that they are unlike traditional free market sales because they require lender approval. Buyers put up with some degree of uncertainty and I beleive they should be compensated for that. The current market value is what an unencumbered home would sell in a more traditional transaction.

    You are correct in one respect. Once they close they can re-establish the market level.

    January 12, 2009 at 5:49 PM #328051
    sdrealtor
    Participant

    Short sales are impaired in that they are unlike traditional free market sales because they require lender approval. Buyers put up with some degree of uncertainty and I beleive they should be compensated for that. The current market value is what an unencumbered home would sell in a more traditional transaction.

    You are correct in one respect. Once they close they can re-establish the market level.

    January 12, 2009 at 5:49 PM #327643
    sdrealtor
    Participant

    Short sales are impaired in that they are unlike traditional free market sales because they require lender approval. Buyers put up with some degree of uncertainty and I beleive they should be compensated for that. The current market value is what an unencumbered home would sell in a more traditional transaction.

    You are correct in one respect. Once they close they can re-establish the market level.

    January 12, 2009 at 5:49 PM #328074
    sdrealtor
    Participant

    Short sales are impaired in that they are unlike traditional free market sales because they require lender approval. Buyers put up with some degree of uncertainty and I beleive they should be compensated for that. The current market value is what an unencumbered home would sell in a more traditional transaction.

    You are correct in one respect. Once they close they can re-establish the market level.

    January 12, 2009 at 5:49 PM #328156
    sdrealtor
    Participant

    Short sales are impaired in that they are unlike traditional free market sales because they require lender approval. Buyers put up with some degree of uncertainty and I beleive they should be compensated for that. The current market value is what an unencumbered home would sell in a more traditional transaction.

    You are correct in one respect. Once they close they can re-establish the market level.

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