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drboom
Participantflu, you left out a key piece of information: are you looking for a one man band or do you just want to wrap a spec around a banana, toss it over a cubicle wall and have a defined module show up in CVS a couple of days later?
You can get the latter for quite a bit less than $100k (unless there’s a banana embargo). Architect level prima donnas will be way over your budget.
Pick your poison: both approaches have drawbacks.
drboom
Participant[quote=sdrealtor]Sorry murf you are correct I need to correct that. I’m closing 100 this month.[/quote]
Even with the sdr 90% hyperbole discount, that’s a lot unless you are a broker rather than an agent.
Let’s see: assuming a low end of $300k/sale @ 3% and an 80% agent cut, that’s $72k in gross commissions for the month. How do you have time to post so prolifically here? I guess you could afford to pay your minions to keep your online persona going. π
drboom
Participant[quote=sdrealtor]Sorry murf you are correct I need to correct that. I’m closing 100 this month.[/quote]
Even with the sdr 90% hyperbole discount, that’s a lot unless you are a broker rather than an agent.
Let’s see: assuming a low end of $300k/sale @ 3% and an 80% agent cut, that’s $72k in gross commissions for the month. How do you have time to post so prolifically here? I guess you could afford to pay your minions to keep your online persona going. π
drboom
Participant[quote=sdrealtor]Sorry murf you are correct I need to correct that. I’m closing 100 this month.[/quote]
Even with the sdr 90% hyperbole discount, that’s a lot unless you are a broker rather than an agent.
Let’s see: assuming a low end of $300k/sale @ 3% and an 80% agent cut, that’s $72k in gross commissions for the month. How do you have time to post so prolifically here? I guess you could afford to pay your minions to keep your online persona going. π
drboom
Participant[quote=sdrealtor]Sorry murf you are correct I need to correct that. I’m closing 100 this month.[/quote]
Even with the sdr 90% hyperbole discount, that’s a lot unless you are a broker rather than an agent.
Let’s see: assuming a low end of $300k/sale @ 3% and an 80% agent cut, that’s $72k in gross commissions for the month. How do you have time to post so prolifically here? I guess you could afford to pay your minions to keep your online persona going. π
drboom
Participant[quote=sdrealtor]Sorry murf you are correct I need to correct that. I’m closing 100 this month.[/quote]
Even with the sdr 90% hyperbole discount, that’s a lot unless you are a broker rather than an agent.
Let’s see: assuming a low end of $300k/sale @ 3% and an 80% agent cut, that’s $72k in gross commissions for the month. How do you have time to post so prolifically here? I guess you could afford to pay your minions to keep your online persona going. π
drboom
Participant[quote=AK]Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.
It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.[/quote]
I don’t know about “smoking hot deals”. The bank behind the short sale my wife and I bought had an appraisal done before accepting our offer, so it’s not like they were flying completely blind.
No, I think we paid “fair market value” based on a current snapshot of the market. I’m convinced we’ll see a 10-20% paper loss over the next few years in our neighborhood. The only “smoking” is from the crater where our bank account used to be. I doubt we are unique.
We have no regrets, however. This deal makes financial sense for us for reasons other than capital gains or lack thereof.
drboom
Participant[quote=AK]Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.
It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.[/quote]
I don’t know about “smoking hot deals”. The bank behind the short sale my wife and I bought had an appraisal done before accepting our offer, so it’s not like they were flying completely blind.
No, I think we paid “fair market value” based on a current snapshot of the market. I’m convinced we’ll see a 10-20% paper loss over the next few years in our neighborhood. The only “smoking” is from the crater where our bank account used to be. I doubt we are unique.
We have no regrets, however. This deal makes financial sense for us for reasons other than capital gains or lack thereof.
drboom
Participant[quote=AK]Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.
It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.[/quote]
I don’t know about “smoking hot deals”. The bank behind the short sale my wife and I bought had an appraisal done before accepting our offer, so it’s not like they were flying completely blind.
No, I think we paid “fair market value” based on a current snapshot of the market. I’m convinced we’ll see a 10-20% paper loss over the next few years in our neighborhood. The only “smoking” is from the crater where our bank account used to be. I doubt we are unique.
We have no regrets, however. This deal makes financial sense for us for reasons other than capital gains or lack thereof.
drboom
Participant[quote=AK]Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.
It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.[/quote]
I don’t know about “smoking hot deals”. The bank behind the short sale my wife and I bought had an appraisal done before accepting our offer, so it’s not like they were flying completely blind.
No, I think we paid “fair market value” based on a current snapshot of the market. I’m convinced we’ll see a 10-20% paper loss over the next few years in our neighborhood. The only “smoking” is from the crater where our bank account used to be. I doubt we are unique.
We have no regrets, however. This deal makes financial sense for us for reasons other than capital gains or lack thereof.
drboom
Participant[quote=AK]Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.
It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.[/quote]
I don’t know about “smoking hot deals”. The bank behind the short sale my wife and I bought had an appraisal done before accepting our offer, so it’s not like they were flying completely blind.
No, I think we paid “fair market value” based on a current snapshot of the market. I’m convinced we’ll see a 10-20% paper loss over the next few years in our neighborhood. The only “smoking” is from the crater where our bank account used to be. I doubt we are unique.
We have no regrets, however. This deal makes financial sense for us for reasons other than capital gains or lack thereof.
July 26, 2009 at 10:14 PM in reply to: Tight credit? Nope. Citibank just raised our CC limit. #437268drboom
Participant[quote=outtamojo]US Bank just gave me a zero percent credit card offer. Also got offer for one of those “Black Cards”
which I promptly shredded when I saw the astronomical annual fee.[/quote]Me too. $495/year, but you get concierge service! And a carbon fiber card that is “sure to get you noticed”! And, uh … did I mention the carbon fiber card? I love getting noticed!
[quote]Btw, what’s wrong with banks asking 20% down? I don’t consider that tight in my book.[/quote]
Same here, but I think we’re in the minority. Everyone my wife and I talked to when we recently bought our house seemed to think it was odd–almost subversive, really–that we had no debt, FICO scores approaching 800, and 20% down that came from actual savings. It’s like we were being un-American or something.
July 26, 2009 at 10:14 PM in reply to: Tight credit? Nope. Citibank just raised our CC limit. #437780drboom
Participant[quote=outtamojo]US Bank just gave me a zero percent credit card offer. Also got offer for one of those “Black Cards”
which I promptly shredded when I saw the astronomical annual fee.[/quote]Me too. $495/year, but you get concierge service! And a carbon fiber card that is “sure to get you noticed”! And, uh … did I mention the carbon fiber card? I love getting noticed!
[quote]Btw, what’s wrong with banks asking 20% down? I don’t consider that tight in my book.[/quote]
Same here, but I think we’re in the minority. Everyone my wife and I talked to when we recently bought our house seemed to think it was odd–almost subversive, really–that we had no debt, FICO scores approaching 800, and 20% down that came from actual savings. It’s like we were being un-American or something.
July 26, 2009 at 10:14 PM in reply to: Tight credit? Nope. Citibank just raised our CC limit. #437853drboom
Participant[quote=outtamojo]US Bank just gave me a zero percent credit card offer. Also got offer for one of those “Black Cards”
which I promptly shredded when I saw the astronomical annual fee.[/quote]Me too. $495/year, but you get concierge service! And a carbon fiber card that is “sure to get you noticed”! And, uh … did I mention the carbon fiber card? I love getting noticed!
[quote]Btw, what’s wrong with banks asking 20% down? I don’t consider that tight in my book.[/quote]
Same here, but I think we’re in the minority. Everyone my wife and I talked to when we recently bought our house seemed to think it was odd–almost subversive, really–that we had no debt, FICO scores approaching 800, and 20% down that came from actual savings. It’s like we were being un-American or something.
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