What are your thoughts? Housing going UP or DOWN?

[Zeitgeist]

Thomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

http://www.halexandria.org/dward297.htm

[capeman]

[quote=sdrealtor]Obviously CAR was being sarcastic with the bullet-proof comment. The areas she is looking at are far enough away to avopid most of the real coastal damage you are referring to and most are relatively well maintained around here.

In reference to the “fake” multiple offer situations it is usually coming from the buyers agents not the lisitng agents. I would saw that I actually receive an offer in less than 50% of the times I get a call from a buyers agent saying they will sending over an offer. Thats not to say there arent some listing agents playing games but from my pretty extensive experience the problem is more related to false promises by buyers agents than listing agents. In situations like that I always tell buyers agents I have other agents saying they are bringing offers but i have nothing yet and I will beleive the other offers or theirs for that matter are real when I see them hit my fax machine or email. Experienced listing agents understand this.[/quote]

My experience has been purely with dealing with REO listing agents. Several times on several houses the listing agents claimed to have multiple offers in hand and told us to submit anyways. 5 out of 6 are still active months later. The real funny part about it is that they won’t lower the price after supposed offers fall out. They claim the house is at fair market value and our retort is a little education in markets and economics. If the house has been listed for a year and hasn’t sold then they should rethink what fair market value is!

[capeman]

[quote=sdrealtor]Obviously CAR was being sarcastic with the bullet-proof comment. The areas she is looking at are far enough away to avopid most of the real coastal damage you are referring to and most are relatively well maintained around here.

In reference to the “fake” multiple offer situations it is usually coming from the buyers agents not the lisitng agents. I would saw that I actually receive an offer in less than 50% of the times I get a call from a buyers agent saying they will sending over an offer. Thats not to say there arent some listing agents playing games but from my pretty extensive experience the problem is more related to false promises by buyers agents than listing agents. In situations like that I always tell buyers agents I have other agents saying they are bringing offers but i have nothing yet and I will beleive the other offers or theirs for that matter are real when I see them hit my fax machine or email. Experienced listing agents understand this.[/quote]

My experience has been purely with dealing with REO listing agents. Several times on several houses the listing agents claimed to have multiple offers in hand and told us to submit anyways. 5 out of 6 are still active months later. The real funny part about it is that they won’t lower the price after supposed offers fall out. They claim the house is at fair market value and our retort is a little education in markets and economics. If the house has been listed for a year and hasn’t sold then they should rethink what fair market value is!

[capeman]

[quote=sdrealtor]Obviously CAR was being sarcastic with the bullet-proof comment. The areas she is looking at are far enough away to avopid most of the real coastal damage you are referring to and most are relatively well maintained around here.

In reference to the “fake” multiple offer situations it is usually coming from the buyers agents not the lisitng agents. I would saw that I actually receive an offer in less than 50% of the times I get a call from a buyers agent saying they will sending over an offer. Thats not to say there arent some listing agents playing games but from my pretty extensive experience the problem is more related to false promises by buyers agents than listing agents. In situations like that I always tell buyers agents I have other agents saying they are bringing offers but i have nothing yet and I will beleive the other offers or theirs for that matter are real when I see them hit my fax machine or email. Experienced listing agents understand this.[/quote]

My experience has been purely with dealing with REO listing agents. Several times on several houses the listing agents claimed to have multiple offers in hand and told us to submit anyways. 5 out of 6 are still active months later. The real funny part about it is that they won’t lower the price after supposed offers fall out. They claim the house is at fair market value and our retort is a little education in markets and economics. If the house has been listed for a year and hasn’t sold then they should rethink what fair market value is!

[capeman]

[quote=sdrealtor]Obviously CAR was being sarcastic with the bullet-proof comment. The areas she is looking at are far enough away to avopid most of the real coastal damage you are referring to and most are relatively well maintained around here.

In reference to the “fake” multiple offer situations it is usually coming from the buyers agents not the lisitng agents. I would saw that I actually receive an offer in less than 50% of the times I get a call from a buyers agent saying they will sending over an offer. Thats not to say there arent some listing agents playing games but from my pretty extensive experience the problem is more related to false promises by buyers agents than listing agents. In situations like that I always tell buyers agents I have other agents saying they are bringing offers but i have nothing yet and I will beleive the other offers or theirs for that matter are real when I see them hit my fax machine or email. Experienced listing agents understand this.[/quote]

My experience has been purely with dealing with REO listing agents. Several times on several houses the listing agents claimed to have multiple offers in hand and told us to submit anyways. 5 out of 6 are still active months later. The real funny part about it is that they won’t lower the price after supposed offers fall out. They claim the house is at fair market value and our retort is a little education in markets and economics. If the house has been listed for a year and hasn’t sold then they should rethink what fair market value is!

[capeman]

[quote=sdrealtor]Obviously CAR was being sarcastic with the bullet-proof comment. The areas she is looking at are far enough away to avopid most of the real coastal damage you are referring to and most are relatively well maintained around here.

In reference to the “fake” multiple offer situations it is usually coming from the buyers agents not the lisitng agents. I would saw that I actually receive an offer in less than 50% of the times I get a call from a buyers agent saying they will sending over an offer. Thats not to say there arent some listing agents playing games but from my pretty extensive experience the problem is more related to false promises by buyers agents than listing agents. In situations like that I always tell buyers agents I have other agents saying they are bringing offers but i have nothing yet and I will beleive the other offers or theirs for that matter are real when I see them hit my fax machine or email. Experienced listing agents understand this.[/quote]

My experience has been purely with dealing with REO listing agents. Several times on several houses the listing agents claimed to have multiple offers in hand and told us to submit anyways. 5 out of 6 are still active months later. The real funny part about it is that they won’t lower the price after supposed offers fall out. They claim the house is at fair market value and our retort is a little education in markets and economics. If the house has been listed for a year and hasn’t sold then they should rethink what fair market value is!

[sdrealtor]

Its not the agent on an REO who selects the price it is some out of town asset manager. Believe me, the agent wants to sell it so he/she can get paid. Babysitting vacant REO properties for months and taking care of them is no fun and expensive (the REO agent has to pay for most maintenance items and hope for reimbursement sooner than later). REO’s are also magnets for low ball offers so they could have a pile of lousy offers too. Of course, there are some agents who play games but its not usually the REO guys who just want them sold and care alot less about the price.

Bottom line is that its not as simple as you want it all to be. As a listing agent I get constant calls from agents who say they are submitting offers and I never hear from them again. I get offers from buyers who love the house and will wait as long as the short sale approval takes but when I call a week later they bought something else. Laying the blame on the listing agent as a game player is the easy explanation but often not the correct one.

If SD R pops by, I’m pretty sure he could confirm he goes through the same thing. Its the Wild West out here on both sides of the transaction.

[sdrealtor]

Its not the agent on an REO who selects the price it is some out of town asset manager. Believe me, the agent wants to sell it so he/she can get paid. Babysitting vacant REO properties for months and taking care of them is no fun and expensive (the REO agent has to pay for most maintenance items and hope for reimbursement sooner than later). REO’s are also magnets for low ball offers so they could have a pile of lousy offers too. Of course, there are some agents who play games but its not usually the REO guys who just want them sold and care alot less about the price.

Bottom line is that its not as simple as you want it all to be. As a listing agent I get constant calls from agents who say they are submitting offers and I never hear from them again. I get offers from buyers who love the house and will wait as long as the short sale approval takes but when I call a week later they bought something else. Laying the blame on the listing agent as a game player is the easy explanation but often not the correct one.

If SD R pops by, I’m pretty sure he could confirm he goes through the same thing. Its the Wild West out here on both sides of the transaction.

[sdrealtor]

Its not the agent on an REO who selects the price it is some out of town asset manager. Believe me, the agent wants to sell it so he/she can get paid. Babysitting vacant REO properties for months and taking care of them is no fun and expensive (the REO agent has to pay for most maintenance items and hope for reimbursement sooner than later). REO’s are also magnets for low ball offers so they could have a pile of lousy offers too. Of course, there are some agents who play games but its not usually the REO guys who just want them sold and care alot less about the price.

Bottom line is that its not as simple as you want it all to be. As a listing agent I get constant calls from agents who say they are submitting offers and I never hear from them again. I get offers from buyers who love the house and will wait as long as the short sale approval takes but when I call a week later they bought something else. Laying the blame on the listing agent as a game player is the easy explanation but often not the correct one.

If SD R pops by, I’m pretty sure he could confirm he goes through the same thing. Its the Wild West out here on both sides of the transaction.

[sdrealtor]

Its not the agent on an REO who selects the price it is some out of town asset manager. Believe me, the agent wants to sell it so he/she can get paid. Babysitting vacant REO properties for months and taking care of them is no fun and expensive (the REO agent has to pay for most maintenance items and hope for reimbursement sooner than later). REO’s are also magnets for low ball offers so they could have a pile of lousy offers too. Of course, there are some agents who play games but its not usually the REO guys who just want them sold and care alot less about the price.

Bottom line is that its not as simple as you want it all to be. As a listing agent I get constant calls from agents who say they are submitting offers and I never hear from them again. I get offers from buyers who love the house and will wait as long as the short sale approval takes but when I call a week later they bought something else. Laying the blame on the listing agent as a game player is the easy explanation but often not the correct one.

If SD R pops by, I’m pretty sure he could confirm he goes through the same thing. Its the Wild West out here on both sides of the transaction.

[sdrealtor]

Its not the agent on an REO who selects the price it is some out of town asset manager. Believe me, the agent wants to sell it so he/she can get paid. Babysitting vacant REO properties for months and taking care of them is no fun and expensive (the REO agent has to pay for most maintenance items and hope for reimbursement sooner than later). REO’s are also magnets for low ball offers so they could have a pile of lousy offers too. Of course, there are some agents who play games but its not usually the REO guys who just want them sold and care alot less about the price.

Bottom line is that its not as simple as you want it all to be. As a listing agent I get constant calls from agents who say they are submitting offers and I never hear from them again. I get offers from buyers who love the house and will wait as long as the short sale approval takes but when I call a week later they bought something else. Laying the blame on the listing agent as a game player is the easy explanation but often not the correct one.

If SD R pops by, I’m pretty sure he could confirm he goes through the same thing. Its the Wild West out here on both sides of the transaction.

[jpinpb]

sdr – then someone needs to educate the out of town asset manager. If something is listed for a year and not moving, clearly it’s not FMV. No one wins in that situation. If all they have is a pile of lousy offers, that might very well be the FMV. They may not like it, but if that’s all they’re getting, they may want to reconsider their price.

[jpinpb]

sdr – then someone needs to educate the out of town asset manager. If something is listed for a year and not moving, clearly it’s not FMV. No one wins in that situation. If all they have is a pile of lousy offers, that might very well be the FMV. They may not like it, but if that’s all they’re getting, they may want to reconsider their price.

[jpinpb]

sdr – then someone needs to educate the out of town asset manager. If something is listed for a year and not moving, clearly it’s not FMV. No one wins in that situation. If all they have is a pile of lousy offers, that might very well be the FMV. They may not like it, but if that’s all they’re getting, they may want to reconsider their price.

[jpinpb]

sdr – then someone needs to educate the out of town asset manager. If something is listed for a year and not moving, clearly it’s not FMV. No one wins in that situation. If all they have is a pile of lousy offers, that might very well be the FMV. They may not like it, but if that’s all they’re getting, they may want to reconsider their price.

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