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5yearwaiter
Participant[quote=sdrealtor]Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.[/quote]
TO make simpler and much more attractive to the buyers – it is yet to come or yet to think make more public the offer via websites or via some internet technology. Folks will bid or bet on the straight offers. Don’t know why we make things more clumsy in this era and still this game became hide n seek. Though there are tone of lessons we are learning still the builders never turndown the listing prices (but ready to give some credit on that listing price). Kind of ugly scenario which never turn the situation better.
Participant[quote=sdrealtor]Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.[/quote]
TO make simpler and much more attractive to the buyers – it is yet to come or yet to think make more public the offer via websites or via some internet technology. Folks will bid or bet on the straight offers. Don’t know why we make things more clumsy in this era and still this game became hide n seek. Though there are tone of lessons we are learning still the builders never turndown the listing prices (but ready to give some credit on that listing price). Kind of ugly scenario which never turn the situation better.
Participant[quote=sdrealtor]Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.[/quote]
TO make simpler and much more attractive to the buyers – it is yet to come or yet to think make more public the offer via websites or via some internet technology. Folks will bid or bet on the straight offers. Don’t know why we make things more clumsy in this era and still this game became hide n seek. Though there are tone of lessons we are learning still the builders never turndown the listing prices (but ready to give some credit on that listing price). Kind of ugly scenario which never turn the situation better.
Participant[quote=sdrealtor]Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.[/quote]
TO make simpler and much more attractive to the buyers – it is yet to come or yet to think make more public the offer via websites or via some internet technology. Folks will bid or bet on the straight offers. Don’t know why we make things more clumsy in this era and still this game became hide n seek. Though there are tone of lessons we are learning still the builders never turndown the listing prices (but ready to give some credit on that listing price). Kind of ugly scenario which never turn the situation better.
Participant[quote=sdrealtor]Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.[/quote]
TO make simpler and much more attractive to the buyers – it is yet to come or yet to think make more public the offer via websites or via some internet technology. Folks will bid or bet on the straight offers. Don’t know why we make things more clumsy in this era and still this game became hide n seek. Though there are tone of lessons we are learning still the builders never turndown the listing prices (but ready to give some credit on that listing price). Kind of ugly scenario which never turn the situation better.
Participant[quote=ocrenter]And the winners, 5yearwaiter and TG
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
10240 Paseo De Linda, San Diego, CA 92127
–5 beds, 5 baths, 3,574 sq ft
–03/09/2009: $720,000 ($201/sqft)[/quote]That was very earlier days prediction – but now much more to drop based on the scenarios that occured since then. Let’s wait how the 10% drop soon we will see in SD (4S Ranch and 22% CV area)prices by October 2009.
Participant[quote=ocrenter]And the winners, 5yearwaiter and TG
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
10240 Paseo De Linda, San Diego, CA 92127
–5 beds, 5 baths, 3,574 sq ft
–03/09/2009: $720,000 ($201/sqft)[/quote]That was very earlier days prediction – but now much more to drop based on the scenarios that occured since then. Let’s wait how the 10% drop soon we will see in SD (4S Ranch and 22% CV area)prices by October 2009.
Participant[quote=ocrenter]And the winners, 5yearwaiter and TG
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
10240 Paseo De Linda, San Diego, CA 92127
–5 beds, 5 baths, 3,574 sq ft
–03/09/2009: $720,000 ($201/sqft)[/quote]That was very earlier days prediction – but now much more to drop based on the scenarios that occured since then. Let’s wait how the 10% drop soon we will see in SD (4S Ranch and 22% CV area)prices by October 2009.
Participant[quote=ocrenter]And the winners, 5yearwaiter and TG
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
10240 Paseo De Linda, San Diego, CA 92127
–5 beds, 5 baths, 3,574 sq ft
–03/09/2009: $720,000 ($201/sqft)[/quote]That was very earlier days prediction – but now much more to drop based on the scenarios that occured since then. Let’s wait how the 10% drop soon we will see in SD (4S Ranch and 22% CV area)prices by October 2009.
Participant[quote=ocrenter]And the winners, 5yearwaiter and TG
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
10240 Paseo De Linda, San Diego, CA 92127
–5 beds, 5 baths, 3,574 sq ft
–03/09/2009: $720,000 ($201/sqft)[/quote]That was very earlier days prediction – but now much more to drop based on the scenarios that occured since then. Let’s wait how the 10% drop soon we will see in SD (4S Ranch and 22% CV area)prices by October 2009.
Participant[quote=jpinpb]I got this email from a realtor. Somehow I ended up on his list and occasionally still get mass-emailed newsletters:
I’m in Denver at another HUGE industry foreclosure conference. Next week I should have some hot-off-the-press updates for you on foreclosures and the state of the real estate market.
6 Reasons foreclosures have slowed…TEMPORARILY
…and should surge soon, plus a wildcard:1. California SB1137- Delays foreclosure process by forcing lenders to contact delinquent borrowers, putting a “kink” in the foreclosure pipeline. However, timelines have now adjusted.
2. Fannie Mae & Freddie Mac have just ended their approximate 5-month foreclosure and eviction moratorium.
3. Various banks doing voluntary foreclosure moratoria &/or experimenting with loan modifications to see if they work to decrease loss. Mixed result.
4. U.S. government strong-arming lenders to work with borrowers on loan modifications. Again, mixed result.
5. Obama administration’s foreclosure assistance proposals will do little for San Diego because they focus on people with equity or no more than 5% under water. Too many in San Diego exceed the 5%…
6. On June 1, the “California Foreclosure Prevention Act” adds 90 days to the foreclosure process for banks that don’t have a viable loan modification process in place. Since ALL banks do, this law has ZERO impact unless the state politicians grandstand and refuse to okay these programs and declare the lenders in non-compliance.
7. BIG wildcard that won’t go away: Six months of rumors and proposals about the U.S. government buying bad mortgages from banks. Will they or won’t they? And if so, does that mean they (we!) give away even more $$$ so people can keep their homes? Or will the government foreclose and sell the homes just like the banks would???
Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or I’d be my best client!)So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when — or before — it hits the market.
If you’d like to be in the Preferred Client Group, you need to:
Pre-approve with our approved lender
Come in for a short sit-down counseling session
Commit to work with us
To join and get the jump on the best real estate values in town.
[/quote]Most of the time realtors play a favourable angle towards buyer(may be a real trick) – if buyer is thinking price go down they keep talk those specific dialouges that keeps buyer away from stress during making decission. However finally many realtors make us to compromise to the current market trend though they new much better things than us. I found the same version at the end of this email. Any way the initial content of the email about foreclosures are much plesant while reading.
Participant[quote=jpinpb]I got this email from a realtor. Somehow I ended up on his list and occasionally still get mass-emailed newsletters:
I’m in Denver at another HUGE industry foreclosure conference. Next week I should have some hot-off-the-press updates for you on foreclosures and the state of the real estate market.
6 Reasons foreclosures have slowed…TEMPORARILY
…and should surge soon, plus a wildcard:1. California SB1137- Delays foreclosure process by forcing lenders to contact delinquent borrowers, putting a “kink” in the foreclosure pipeline. However, timelines have now adjusted.
2. Fannie Mae & Freddie Mac have just ended their approximate 5-month foreclosure and eviction moratorium.
3. Various banks doing voluntary foreclosure moratoria &/or experimenting with loan modifications to see if they work to decrease loss. Mixed result.
4. U.S. government strong-arming lenders to work with borrowers on loan modifications. Again, mixed result.
5. Obama administration’s foreclosure assistance proposals will do little for San Diego because they focus on people with equity or no more than 5% under water. Too many in San Diego exceed the 5%…
6. On June 1, the “California Foreclosure Prevention Act” adds 90 days to the foreclosure process for banks that don’t have a viable loan modification process in place. Since ALL banks do, this law has ZERO impact unless the state politicians grandstand and refuse to okay these programs and declare the lenders in non-compliance.
7. BIG wildcard that won’t go away: Six months of rumors and proposals about the U.S. government buying bad mortgages from banks. Will they or won’t they? And if so, does that mean they (we!) give away even more $$$ so people can keep their homes? Or will the government foreclose and sell the homes just like the banks would???
Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or I’d be my best client!)So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when — or before — it hits the market.
If you’d like to be in the Preferred Client Group, you need to:
Pre-approve with our approved lender
Come in for a short sit-down counseling session
Commit to work with us
To join and get the jump on the best real estate values in town.
[/quote]Most of the time realtors play a favourable angle towards buyer(may be a real trick) – if buyer is thinking price go down they keep talk those specific dialouges that keeps buyer away from stress during making decission. However finally many realtors make us to compromise to the current market trend though they new much better things than us. I found the same version at the end of this email. Any way the initial content of the email about foreclosures are much plesant while reading.
Participant[quote=jpinpb]I got this email from a realtor. Somehow I ended up on his list and occasionally still get mass-emailed newsletters:
I’m in Denver at another HUGE industry foreclosure conference. Next week I should have some hot-off-the-press updates for you on foreclosures and the state of the real estate market.
6 Reasons foreclosures have slowed…TEMPORARILY
…and should surge soon, plus a wildcard:1. California SB1137- Delays foreclosure process by forcing lenders to contact delinquent borrowers, putting a “kink” in the foreclosure pipeline. However, timelines have now adjusted.
2. Fannie Mae & Freddie Mac have just ended their approximate 5-month foreclosure and eviction moratorium.
3. Various banks doing voluntary foreclosure moratoria &/or experimenting with loan modifications to see if they work to decrease loss. Mixed result.
4. U.S. government strong-arming lenders to work with borrowers on loan modifications. Again, mixed result.
5. Obama administration’s foreclosure assistance proposals will do little for San Diego because they focus on people with equity or no more than 5% under water. Too many in San Diego exceed the 5%…
6. On June 1, the “California Foreclosure Prevention Act” adds 90 days to the foreclosure process for banks that don’t have a viable loan modification process in place. Since ALL banks do, this law has ZERO impact unless the state politicians grandstand and refuse to okay these programs and declare the lenders in non-compliance.
7. BIG wildcard that won’t go away: Six months of rumors and proposals about the U.S. government buying bad mortgages from banks. Will they or won’t they? And if so, does that mean they (we!) give away even more $$$ so people can keep their homes? Or will the government foreclose and sell the homes just like the banks would???
Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or I’d be my best client!)So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when — or before — it hits the market.
If you’d like to be in the Preferred Client Group, you need to:
Pre-approve with our approved lender
Come in for a short sit-down counseling session
Commit to work with us
To join and get the jump on the best real estate values in town.
[/quote]Most of the time realtors play a favourable angle towards buyer(may be a real trick) – if buyer is thinking price go down they keep talk those specific dialouges that keeps buyer away from stress during making decission. However finally many realtors make us to compromise to the current market trend though they new much better things than us. I found the same version at the end of this email. Any way the initial content of the email about foreclosures are much plesant while reading.
Participant[quote=jpinpb]I got this email from a realtor. Somehow I ended up on his list and occasionally still get mass-emailed newsletters:
I’m in Denver at another HUGE industry foreclosure conference. Next week I should have some hot-off-the-press updates for you on foreclosures and the state of the real estate market.
6 Reasons foreclosures have slowed…TEMPORARILY
…and should surge soon, plus a wildcard:1. California SB1137- Delays foreclosure process by forcing lenders to contact delinquent borrowers, putting a “kink” in the foreclosure pipeline. However, timelines have now adjusted.
2. Fannie Mae & Freddie Mac have just ended their approximate 5-month foreclosure and eviction moratorium.
3. Various banks doing voluntary foreclosure moratoria &/or experimenting with loan modifications to see if they work to decrease loss. Mixed result.
4. U.S. government strong-arming lenders to work with borrowers on loan modifications. Again, mixed result.
5. Obama administration’s foreclosure assistance proposals will do little for San Diego because they focus on people with equity or no more than 5% under water. Too many in San Diego exceed the 5%…
6. On June 1, the “California Foreclosure Prevention Act” adds 90 days to the foreclosure process for banks that don’t have a viable loan modification process in place. Since ALL banks do, this law has ZERO impact unless the state politicians grandstand and refuse to okay these programs and declare the lenders in non-compliance.
7. BIG wildcard that won’t go away: Six months of rumors and proposals about the U.S. government buying bad mortgages from banks. Will they or won’t they? And if so, does that mean they (we!) give away even more $$$ so people can keep their homes? Or will the government foreclose and sell the homes just like the banks would???
Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or I’d be my best client!)So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when — or before — it hits the market.
If you’d like to be in the Preferred Client Group, you need to:
Pre-approve with our approved lender
Come in for a short sit-down counseling session
Commit to work with us
To join and get the jump on the best real estate values in town.
[/quote]Most of the time realtors play a favourable angle towards buyer(may be a real trick) – if buyer is thinking price go down they keep talk those specific dialouges that keeps buyer away from stress during making decission. However finally many realtors make us to compromise to the current market trend though they new much better things than us. I found the same version at the end of this email. Any way the initial content of the email about foreclosures are much plesant while reading.
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