The cult of professional specialists

[drboom]

[quote=sdrealtor]DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.[/quote]

I appreciate the answers. So: 3 did well, 2 went bad, and 19 are … what, exactly?

If your buyers beat the market on all of those, congratulations. Really, you paid your way and then some.

But a quick look at the price vs. time graphs tells me something doesn’t sound right. Median price has gone down by at least 20% from the middle of the period we’re talking about, and 20 or so houses should broadly follow the market as a group. I gather you don’t play in the shallow end of the pool, so that’s a conservative $100k to $150k unrealized loss per house. They would have to be up 10% from, to pick an average, 2005 levels just to break even after costs. I’m skeptical, even with the past year’s price rises.

To put it another way, they could have saved $100k to $150k by sitting tight for a little longer. Your sales mix could skew this one way or the other, and it’s entirely possible you picked a full stable of winners.

Consolidating posts:

[quote]I have special insights to many things RE related but you are twisting things as we were talking about comps. What I have that you dont is access to databases that I pay for. If you were to spend a few thousand a year you could have the same information.[/quote]

I explained why the MLS doesn’t supply anything I need to mark my scorecard. I invited you to point out where I got it wrong (with numbered points for your refutation convenience), but you haven’t.

[quote]Also please dont confuse me with BG who is an entirely different viewpoint. She is not an active REa gent and is in the legal profession so she is overly sensitive to the intracies of the contract law.[/quote]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position. There are some other differences. You, for instance, actually read the English language without parsing it to a fare-thee-well and spamming word salad in response. I will refrain from lumping you together in the future. 🙂

[drboom]

[quote=bearishgurl][quote=njtosd]bearishgurl-

Don’t know what the reason for the quotes around the words “internationally known” in your earlier post. [/quote]

Dr. Levitt’s “CV” is interesting, njtosd. My words, “internationally known” are taken from drboom’s post on this thread. My earlier comment was directed to him.[/quote]

This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes

[drboom]

[quote=bearishgurl][quote=njtosd]bearishgurl-

Don’t know what the reason for the quotes around the words “internationally known” in your earlier post. [/quote]

Dr. Levitt’s “CV” is interesting, njtosd. My words, “internationally known” are taken from drboom’s post on this thread. My earlier comment was directed to him.[/quote]

This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes

[drboom]

[quote=bearishgurl][quote=njtosd]bearishgurl-

Don’t know what the reason for the quotes around the words “internationally known” in your earlier post. [/quote]

Dr. Levitt’s “CV” is interesting, njtosd. My words, “internationally known” are taken from drboom’s post on this thread. My earlier comment was directed to him.[/quote]

This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes

[drboom]

[quote=bearishgurl][quote=njtosd]bearishgurl-

Don’t know what the reason for the quotes around the words “internationally known” in your earlier post. [/quote]

Dr. Levitt’s “CV” is interesting, njtosd. My words, “internationally known” are taken from drboom’s post on this thread. My earlier comment was directed to him.[/quote]

This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes

[drboom]

[quote=bearishgurl][quote=njtosd]bearishgurl-

Don’t know what the reason for the quotes around the words “internationally known” in your earlier post. [/quote]

Dr. Levitt’s “CV” is interesting, njtosd. My words, “internationally known” are taken from drboom’s post on this thread. My earlier comment was directed to him.[/quote]

This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes

[bearishgurl]

[quote=drboom]This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes[/quote]

Excuse me, but how do you know what “nj was driving at?”

[bearishgurl]

[quote=drboom]This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes[/quote]

Excuse me, but how do you know what “nj was driving at?”

[bearishgurl]

[quote=drboom]This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes[/quote]

Excuse me, but how do you know what “nj was driving at?”

[bearishgurl]

[quote=drboom]This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes[/quote]

Excuse me, but how do you know what “nj was driving at?”

[bearishgurl]

[quote=drboom]This is what nj was driving at:

http://en.wikipedia.org/wiki/Scare_quotes[/quote]

Excuse me, but how do you know what “nj was driving at?”

[bearishgurl]

[quote=njtosd]bearishgurl –

Although I’m not in favor of anecdotes, here goes: We are currently selling our home on the east coast and received an offer after our listing agreement had expired and before we relisted (we had gotten kind of discouraged and had decided to put off relisting until the kids were back in school). We were much more willing to come down in price (and did come down more than we had originally planned to) since we didn’t have an agent’s fee to pay. The final steps of the negotiation here take place in the “attorney review” process, so our attorney is taking care of some of the jobs that would be done by an agent/broker in CA. So in this case, the buyer is getting a better deal than he would have otherwise because there is no listing agent involved.[/quote]

njtosd, I don’t know what your current time frame is, but in CA, you would have *typically* (unless your listing agent agreed to modify the “stock” language – very rare) had to wait 181 days after your listing agreement had expired to avoid paying your former listing agent a commission on your current sale, if your current buyers EVER contacted your listing agent at all or were shown the property by a co-broke agent during the time of the active listing. From your standpoint, until you get your final attorney bill at COE, you will not know whether you made out better to have your attorney handle your transaction as a FSBO, than if you would have had a RE agent handle it. My point with drboom was that BUYERS DO NOT receive a better price THAN THEY WOULD HAVE under a typical listing agreement with a co-broke invitation. Whether your buyers DO receive a better price or not is purely subjective and/or based upon the comparable “sold comps” that occurred recently with RE broker intervention and facilitation.

[bearishgurl]

[quote=njtosd]bearishgurl –

Although I’m not in favor of anecdotes, here goes: We are currently selling our home on the east coast and received an offer after our listing agreement had expired and before we relisted (we had gotten kind of discouraged and had decided to put off relisting until the kids were back in school). We were much more willing to come down in price (and did come down more than we had originally planned to) since we didn’t have an agent’s fee to pay. The final steps of the negotiation here take place in the “attorney review” process, so our attorney is taking care of some of the jobs that would be done by an agent/broker in CA. So in this case, the buyer is getting a better deal than he would have otherwise because there is no listing agent involved.[/quote]

njtosd, I don’t know what your current time frame is, but in CA, you would have *typically* (unless your listing agent agreed to modify the “stock” language – very rare) had to wait 181 days after your listing agreement had expired to avoid paying your former listing agent a commission on your current sale, if your current buyers EVER contacted your listing agent at all or were shown the property by a co-broke agent during the time of the active listing. From your standpoint, until you get your final attorney bill at COE, you will not know whether you made out better to have your attorney handle your transaction as a FSBO, than if you would have had a RE agent handle it. My point with drboom was that BUYERS DO NOT receive a better price THAN THEY WOULD HAVE under a typical listing agreement with a co-broke invitation. Whether your buyers DO receive a better price or not is purely subjective and/or based upon the comparable “sold comps” that occurred recently with RE broker intervention and facilitation.

[bearishgurl]

[quote=njtosd]bearishgurl –

Although I’m not in favor of anecdotes, here goes: We are currently selling our home on the east coast and received an offer after our listing agreement had expired and before we relisted (we had gotten kind of discouraged and had decided to put off relisting until the kids were back in school). We were much more willing to come down in price (and did come down more than we had originally planned to) since we didn’t have an agent’s fee to pay. The final steps of the negotiation here take place in the “attorney review” process, so our attorney is taking care of some of the jobs that would be done by an agent/broker in CA. So in this case, the buyer is getting a better deal than he would have otherwise because there is no listing agent involved.[/quote]

njtosd, I don’t know what your current time frame is, but in CA, you would have *typically* (unless your listing agent agreed to modify the “stock” language – very rare) had to wait 181 days after your listing agreement had expired to avoid paying your former listing agent a commission on your current sale, if your current buyers EVER contacted your listing agent at all or were shown the property by a co-broke agent during the time of the active listing. From your standpoint, until you get your final attorney bill at COE, you will not know whether you made out better to have your attorney handle your transaction as a FSBO, than if you would have had a RE agent handle it. My point with drboom was that BUYERS DO NOT receive a better price THAN THEY WOULD HAVE under a typical listing agreement with a co-broke invitation. Whether your buyers DO receive a better price or not is purely subjective and/or based upon the comparable “sold comps” that occurred recently with RE broker intervention and facilitation.

[bearishgurl]

[quote=njtosd]bearishgurl –

Although I’m not in favor of anecdotes, here goes: We are currently selling our home on the east coast and received an offer after our listing agreement had expired and before we relisted (we had gotten kind of discouraged and had decided to put off relisting until the kids were back in school). We were much more willing to come down in price (and did come down more than we had originally planned to) since we didn’t have an agent’s fee to pay. The final steps of the negotiation here take place in the “attorney review” process, so our attorney is taking care of some of the jobs that would be done by an agent/broker in CA. So in this case, the buyer is getting a better deal than he would have otherwise because there is no listing agent involved.[/quote]

njtosd, I don’t know what your current time frame is, but in CA, you would have *typically* (unless your listing agent agreed to modify the “stock” language – very rare) had to wait 181 days after your listing agreement had expired to avoid paying your former listing agent a commission on your current sale, if your current buyers EVER contacted your listing agent at all or were shown the property by a co-broke agent during the time of the active listing. From your standpoint, until you get your final attorney bill at COE, you will not know whether you made out better to have your attorney handle your transaction as a FSBO, than if you would have had a RE agent handle it. My point with drboom was that BUYERS DO NOT receive a better price THAN THEY WOULD HAVE under a typical listing agreement with a co-broke invitation. Whether your buyers DO receive a better price or not is purely subjective and/or based upon the comparable “sold comps” that occurred recently with RE broker intervention and facilitation.

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