[5yearwaiter]

[quote=urbanrealtor]Full disclosure: I don’t actually have inside info here.

It looks to me like the list price was perpetually too high.
This deal was double ended which means the listing agent brought their own buyer.
It was also a short sale.
My guess is that the agent knew what the bank would likely accept and convinced his buyer to make a lowball knowing that he could slam it through the bank.
Then he left the price high while his patient buyer waited for the bank negotiations to play out.
There are no victims here but I think its a little unfair to leave a price noticeably above what you know the bank will accept.

My 2 bits.[/quote]

How you get listing agent when you find property?

[5yearwaiter]

[quote=jpinpb]This is the part most people should heed:
“Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines”[/quote]

Absolutely – this article explains the real facts and hidden issues. I like this and makes me more pragmatic about housing with much details.

[5yearwaiter]

[quote=jpinpb]This is the part most people should heed:
“Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines”[/quote]

Absolutely – this article explains the real facts and hidden issues. I like this and makes me more pragmatic about housing with much details.

[5yearwaiter]

[quote=jpinpb]This is the part most people should heed:
“Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines”[/quote]

Absolutely – this article explains the real facts and hidden issues. I like this and makes me more pragmatic about housing with much details.

[5yearwaiter]

[quote=jpinpb]This is the part most people should heed:
“Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines”[/quote]

Absolutely – this article explains the real facts and hidden issues. I like this and makes me more pragmatic about housing with much details.

[5yearwaiter]

[quote=jpinpb]This is the part most people should heed:
“Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines”[/quote]

Absolutely – this article explains the real facts and hidden issues. I like this and makes me more pragmatic about housing with much details.

[5yearwaiter]

[quote]
Although I’m not predicting it, I wouldn’t be surprised if rates on a 30 year fixed went up to 8% by the end of 2010. As rates go up, fewer people will be able to afford loans, and housing prices will remain stagnant.
[/quote]

Well higher interest rates and same housing prices(kind of impossible) – at least in San Diego high priced areas is unlikely. Guess what!! a 600K house with 4.5% mortgage a few can look or a couple may go for buy now,, but with 8% none even think about this prices range, except Rich – but economy wouldn’t built with Rich in general.

[5yearwaiter]

[quote]
Although I’m not predicting it, I wouldn’t be surprised if rates on a 30 year fixed went up to 8% by the end of 2010. As rates go up, fewer people will be able to afford loans, and housing prices will remain stagnant.
[/quote]

Well higher interest rates and same housing prices(kind of impossible) – at least in San Diego high priced areas is unlikely. Guess what!! a 600K house with 4.5% mortgage a few can look or a couple may go for buy now,, but with 8% none even think about this prices range, except Rich – but economy wouldn’t built with Rich in general.

[5yearwaiter]

[quote]
Although I’m not predicting it, I wouldn’t be surprised if rates on a 30 year fixed went up to 8% by the end of 2010. As rates go up, fewer people will be able to afford loans, and housing prices will remain stagnant.
[/quote]

Well higher interest rates and same housing prices(kind of impossible) – at least in San Diego high priced areas is unlikely. Guess what!! a 600K house with 4.5% mortgage a few can look or a couple may go for buy now,, but with 8% none even think about this prices range, except Rich – but economy wouldn’t built with Rich in general.

[5yearwaiter]

[quote]
Although I’m not predicting it, I wouldn’t be surprised if rates on a 30 year fixed went up to 8% by the end of 2010. As rates go up, fewer people will be able to afford loans, and housing prices will remain stagnant.
[/quote]

Well higher interest rates and same housing prices(kind of impossible) – at least in San Diego high priced areas is unlikely. Guess what!! a 600K house with 4.5% mortgage a few can look or a couple may go for buy now,, but with 8% none even think about this prices range, except Rich – but economy wouldn’t built with Rich in general.

[5yearwaiter]

[quote]
Although I’m not predicting it, I wouldn’t be surprised if rates on a 30 year fixed went up to 8% by the end of 2010. As rates go up, fewer people will be able to afford loans, and housing prices will remain stagnant.
[/quote]

Well higher interest rates and same housing prices(kind of impossible) – at least in San Diego high priced areas is unlikely. Guess what!! a 600K house with 4.5% mortgage a few can look or a couple may go for buy now,, but with 8% none even think about this prices range, except Rich – but economy wouldn’t built with Rich in general.

[5yearwaiter]

If you get sold your house at the worth of 750K after 5 years then I can say you got your money whatever you paid on this house. If you don’t get sell this house with the worth of 750K after 5 years.

May be my math is bit wrong. If you buy home 600K worth now and you took 417K as mortgage then at the rate of 4.5% even as mortgage(kind of impossible of all ), then at the end of 5 years if you can able to sell your house at least 775K(keep 6% broker charges at the time of selling) then only you are squared up. Which means you will be getting cash to your hand what you pay towards till time on housing. In case of renting also you never get back but at least you don’t pay this much big bucks on everymonth and no chance of risky liability there. “Cash is King” these times perhaps

[5yearwaiter]

If you get sold your house at the worth of 750K after 5 years then I can say you got your money whatever you paid on this house. If you don’t get sell this house with the worth of 750K after 5 years.

May be my math is bit wrong. If you buy home 600K worth now and you took 417K as mortgage then at the rate of 4.5% even as mortgage(kind of impossible of all ), then at the end of 5 years if you can able to sell your house at least 775K(keep 6% broker charges at the time of selling) then only you are squared up. Which means you will be getting cash to your hand what you pay towards till time on housing. In case of renting also you never get back but at least you don’t pay this much big bucks on everymonth and no chance of risky liability there. “Cash is King” these times perhaps

[5yearwaiter]

If you get sold your house at the worth of 750K after 5 years then I can say you got your money whatever you paid on this house. If you don’t get sell this house with the worth of 750K after 5 years.

May be my math is bit wrong. If you buy home 600K worth now and you took 417K as mortgage then at the rate of 4.5% even as mortgage(kind of impossible of all ), then at the end of 5 years if you can able to sell your house at least 775K(keep 6% broker charges at the time of selling) then only you are squared up. Which means you will be getting cash to your hand what you pay towards till time on housing. In case of renting also you never get back but at least you don’t pay this much big bucks on everymonth and no chance of risky liability there. “Cash is King” these times perhaps

[5yearwaiter]

If you get sold your house at the worth of 750K after 5 years then I can say you got your money whatever you paid on this house. If you don’t get sell this house with the worth of 750K after 5 years.

May be my math is bit wrong. If you buy home 600K worth now and you took 417K as mortgage then at the rate of 4.5% even as mortgage(kind of impossible of all ), then at the end of 5 years if you can able to sell your house at least 775K(keep 6% broker charges at the time of selling) then only you are squared up. Which means you will be getting cash to your hand what you pay towards till time on housing. In case of renting also you never get back but at least you don’t pay this much big bucks on everymonth and no chance of risky liability there. “Cash is King” these times perhaps

[Author]

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