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capeman
Participant[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!
Participant[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!
Participant[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!
Participant[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!
Participant[quote=CA renter][quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
Don’t fret on that CAR. A lot of these properties are falling out of escrow constantly. The property we are buying is one of these ranch types and we had it fall into our laps after falling out of escrow 3 times for what we would call trivial reasons. The house we bid on before as a low ball had “multiple offers” but magically they all fell through.
It also seems that a lot of realtors are playing games saying there are multiple offers coming in but they never materialize. We would just tell them “Sorry, we don’t want to get into bidding wars.” then hear back not even a week later saying there were none and to submit ours. There’s a lot of gaming going on but a lot of good properties popping up daily.
Participant[quote=CA renter][quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
Don’t fret on that CAR. A lot of these properties are falling out of escrow constantly. The property we are buying is one of these ranch types and we had it fall into our laps after falling out of escrow 3 times for what we would call trivial reasons. The house we bid on before as a low ball had “multiple offers” but magically they all fell through.
It also seems that a lot of realtors are playing games saying there are multiple offers coming in but they never materialize. We would just tell them “Sorry, we don’t want to get into bidding wars.” then hear back not even a week later saying there were none and to submit ours. There’s a lot of gaming going on but a lot of good properties popping up daily.
Participant[quote=CA renter][quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
Don’t fret on that CAR. A lot of these properties are falling out of escrow constantly. The property we are buying is one of these ranch types and we had it fall into our laps after falling out of escrow 3 times for what we would call trivial reasons. The house we bid on before as a low ball had “multiple offers” but magically they all fell through.
It also seems that a lot of realtors are playing games saying there are multiple offers coming in but they never materialize. We would just tell them “Sorry, we don’t want to get into bidding wars.” then hear back not even a week later saying there were none and to submit ours. There’s a lot of gaming going on but a lot of good properties popping up daily.
Participant[quote=CA renter][quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
Don’t fret on that CAR. A lot of these properties are falling out of escrow constantly. The property we are buying is one of these ranch types and we had it fall into our laps after falling out of escrow 3 times for what we would call trivial reasons. The house we bid on before as a low ball had “multiple offers” but magically they all fell through.
It also seems that a lot of realtors are playing games saying there are multiple offers coming in but they never materialize. We would just tell them “Sorry, we don’t want to get into bidding wars.” then hear back not even a week later saying there were none and to submit ours. There’s a lot of gaming going on but a lot of good properties popping up daily.
Participant[quote=CA renter][quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
Don’t fret on that CAR. A lot of these properties are falling out of escrow constantly. The property we are buying is one of these ranch types and we had it fall into our laps after falling out of escrow 3 times for what we would call trivial reasons. The house we bid on before as a low ball had “multiple offers” but magically they all fell through.
It also seems that a lot of realtors are playing games saying there are multiple offers coming in but they never materialize. We would just tell them “Sorry, we don’t want to get into bidding wars.” then hear back not even a week later saying there were none and to submit ours. There’s a lot of gaming going on but a lot of good properties popping up daily.
ParticipantI’m in escrow on my first home right now so I can say with high confidence that housing is going down…
ParticipantI’m in escrow on my first home right now so I can say with high confidence that housing is going down…
ParticipantI’m in escrow on my first home right now so I can say with high confidence that housing is going down…
ParticipantI’m in escrow on my first home right now so I can say with high confidence that housing is going down…
ParticipantI’m in escrow on my first home right now so I can say with high confidence that housing is going down…
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