What are your thoughts? Housing going UP or DOWN?

[Zeitgeist]

Debt report on down turn:

[CA renter]

[quote=walterwhite]this is why it might be buyers civic duty to submit lots and lots of shotgun “crappy offers”. like filling the ballot box with fair market value tickets. a “lousy offer’ is im sure still hundreds of thousands of dollars. grrr. like a chick who won’t date sguy because the ones shehe attracts aren’t good looking enough, you just gotta say, lady, take a look in the mirror…you’re kind of a pig…[/quote]

Believe it or not, on a few occasions when we’ve submitted “lowball” offers (still very generous in our minds), the seller lowered the price right after declining our offer.

We like to think we’re doing our civic duty when waking sellers up to the reality of the market with our offers. It does sometimes seem to help other buyers, and that’s a win for us, too. 🙂

[CA renter]

[quote=walterwhite]this is why it might be buyers civic duty to submit lots and lots of shotgun “crappy offers”. like filling the ballot box with fair market value tickets. a “lousy offer’ is im sure still hundreds of thousands of dollars. grrr. like a chick who won’t date sguy because the ones shehe attracts aren’t good looking enough, you just gotta say, lady, take a look in the mirror…you’re kind of a pig…[/quote]

Believe it or not, on a few occasions when we’ve submitted “lowball” offers (still very generous in our minds), the seller lowered the price right after declining our offer.

We like to think we’re doing our civic duty when waking sellers up to the reality of the market with our offers. It does sometimes seem to help other buyers, and that’s a win for us, too. 🙂

[CA renter]

[quote=walterwhite]this is why it might be buyers civic duty to submit lots and lots of shotgun “crappy offers”. like filling the ballot box with fair market value tickets. a “lousy offer’ is im sure still hundreds of thousands of dollars. grrr. like a chick who won’t date sguy because the ones shehe attracts aren’t good looking enough, you just gotta say, lady, take a look in the mirror…you’re kind of a pig…[/quote]

Believe it or not, on a few occasions when we’ve submitted “lowball” offers (still very generous in our minds), the seller lowered the price right after declining our offer.

We like to think we’re doing our civic duty when waking sellers up to the reality of the market with our offers. It does sometimes seem to help other buyers, and that’s a win for us, too. 🙂

[CA renter]

[quote=walterwhite]this is why it might be buyers civic duty to submit lots and lots of shotgun “crappy offers”. like filling the ballot box with fair market value tickets. a “lousy offer’ is im sure still hundreds of thousands of dollars. grrr. like a chick who won’t date sguy because the ones shehe attracts aren’t good looking enough, you just gotta say, lady, take a look in the mirror…you’re kind of a pig…[/quote]

Believe it or not, on a few occasions when we’ve submitted “lowball” offers (still very generous in our minds), the seller lowered the price right after declining our offer.

We like to think we’re doing our civic duty when waking sellers up to the reality of the market with our offers. It does sometimes seem to help other buyers, and that’s a win for us, too. 🙂

[CA renter]

[quote=walterwhite]this is why it might be buyers civic duty to submit lots and lots of shotgun “crappy offers”. like filling the ballot box with fair market value tickets. a “lousy offer’ is im sure still hundreds of thousands of dollars. grrr. like a chick who won’t date sguy because the ones shehe attracts aren’t good looking enough, you just gotta say, lady, take a look in the mirror…you’re kind of a pig…[/quote]

Believe it or not, on a few occasions when we’ve submitted “lowball” offers (still very generous in our minds), the seller lowered the price right after declining our offer.

We like to think we’re doing our civic duty when waking sellers up to the reality of the market with our offers. It does sometimes seem to help other buyers, and that’s a win for us, too. 🙂

[CA renter]

[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]

Though I’m not an agent, we make our way around the market enough to have a feel for what’s going on, and I have to agree with sdr. The “fake” multiple offer situation is probably caused by agents on both sides.

Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.

[CA renter]

[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]

Though I’m not an agent, we make our way around the market enough to have a feel for what’s going on, and I have to agree with sdr. The “fake” multiple offer situation is probably caused by agents on both sides.

Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.

[CA renter]

[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]

Though I’m not an agent, we make our way around the market enough to have a feel for what’s going on, and I have to agree with sdr. The “fake” multiple offer situation is probably caused by agents on both sides.

Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.

[CA renter]

[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]

Though I’m not an agent, we make our way around the market enough to have a feel for what’s going on, and I have to agree with sdr. The “fake” multiple offer situation is probably caused by agents on both sides.

Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.

[CA renter]

[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]

Though I’m not an agent, we make our way around the market enough to have a feel for what’s going on, and I have to agree with sdr. The “fake” multiple offer situation is probably caused by agents on both sides.

Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.

[jpinpb]

[quote=CA renter]
Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.[/quote]

Ditto. They may very well have offers, but when it comes right down to it, some of those offers may suddenly be w/drawn. Irregardless, if they say they have multiple offers, then others can fight it out and overbid. No thanks.

[jpinpb]

[quote=CA renter]
Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.[/quote]

Ditto. They may very well have offers, but when it comes right down to it, some of those offers may suddenly be w/drawn. Irregardless, if they say they have multiple offers, then others can fight it out and overbid. No thanks.

[jpinpb]

[quote=CA renter]
Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.[/quote]

Ditto. They may very well have offers, but when it comes right down to it, some of those offers may suddenly be w/drawn. Irregardless, if they say they have multiple offers, then others can fight it out and overbid. No thanks.

[jpinpb]

[quote=CA renter]
Still, whenever someone tells us they have multiple offers, we back off. We refuse to get into bidding wars — real, or not.[/quote]

Ditto. They may very well have offers, but when it comes right down to it, some of those offers may suddenly be w/drawn. Irregardless, if they say they have multiple offers, then others can fight it out and overbid. No thanks.

[Author]

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