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June 30, 2009 at 9:10 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423431June 30, 2009 at 9:10 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423593
drboom
Participant[quote=sunny88]
You mean one can buy short sales today at lower prices than the actual value?
[/quote]I’ll let you know when the appraisal some in on the short sale we’re buying.
My guess is that it will be right around the contract price, but you never know.
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #422835Participant[quote=deadzone]SDR, did you flunk Econ 101?
If in fact “There is alot more demand than supply right now” then home prices would be rising in San Diego right now. That is clearly not happening. While everybody knows that supply is being artificially held back, obviously not enough to cause prices to rise. Bottom line, there is NOT more demand than supply. [/quote]
No, sdr (not SDR, which is confusing) is a 100 watt bulb even if he isn’t always right.
My agent, who is fairly well connected, says the same thing when he isn’t ranting about the recent changes to the appraisal process.
Some parts of the market are seeing some rises, but that’s the natural result of Helicopter Ben’s interest rate manipulation, the $8k tax credit, and other chicanery going on right now.
In my own case, the max my wife and I could responsibly offer went from $215k to $240k (yes, we are bottom feeders) in the last nine months or so. I doubt we’re the only ones.
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423066Participant[quote=deadzone]SDR, did you flunk Econ 101?
If in fact “There is alot more demand than supply right now” then home prices would be rising in San Diego right now. That is clearly not happening. While everybody knows that supply is being artificially held back, obviously not enough to cause prices to rise. Bottom line, there is NOT more demand than supply. [/quote]
No, sdr (not SDR, which is confusing) is a 100 watt bulb even if he isn’t always right.
My agent, who is fairly well connected, says the same thing when he isn’t ranting about the recent changes to the appraisal process.
Some parts of the market are seeing some rises, but that’s the natural result of Helicopter Ben’s interest rate manipulation, the $8k tax credit, and other chicanery going on right now.
In my own case, the max my wife and I could responsibly offer went from $215k to $240k (yes, we are bottom feeders) in the last nine months or so. I doubt we’re the only ones.
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423343Participant[quote=deadzone]SDR, did you flunk Econ 101?
If in fact “There is alot more demand than supply right now” then home prices would be rising in San Diego right now. That is clearly not happening. While everybody knows that supply is being artificially held back, obviously not enough to cause prices to rise. Bottom line, there is NOT more demand than supply. [/quote]
No, sdr (not SDR, which is confusing) is a 100 watt bulb even if he isn’t always right.
My agent, who is fairly well connected, says the same thing when he isn’t ranting about the recent changes to the appraisal process.
Some parts of the market are seeing some rises, but that’s the natural result of Helicopter Ben’s interest rate manipulation, the $8k tax credit, and other chicanery going on right now.
In my own case, the max my wife and I could responsibly offer went from $215k to $240k (yes, we are bottom feeders) in the last nine months or so. I doubt we’re the only ones.
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423411Participant[quote=deadzone]SDR, did you flunk Econ 101?
If in fact “There is alot more demand than supply right now” then home prices would be rising in San Diego right now. That is clearly not happening. While everybody knows that supply is being artificially held back, obviously not enough to cause prices to rise. Bottom line, there is NOT more demand than supply. [/quote]
No, sdr (not SDR, which is confusing) is a 100 watt bulb even if he isn’t always right.
My agent, who is fairly well connected, says the same thing when he isn’t ranting about the recent changes to the appraisal process.
Some parts of the market are seeing some rises, but that’s the natural result of Helicopter Ben’s interest rate manipulation, the $8k tax credit, and other chicanery going on right now.
In my own case, the max my wife and I could responsibly offer went from $215k to $240k (yes, we are bottom feeders) in the last nine months or so. I doubt we’re the only ones.
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423573Participant[quote=deadzone]SDR, did you flunk Econ 101?
If in fact “There is alot more demand than supply right now” then home prices would be rising in San Diego right now. That is clearly not happening. While everybody knows that supply is being artificially held back, obviously not enough to cause prices to rise. Bottom line, there is NOT more demand than supply. [/quote]
No, sdr (not SDR, which is confusing) is a 100 watt bulb even if he isn’t always right.
My agent, who is fairly well connected, says the same thing when he isn’t ranting about the recent changes to the appraisal process.
Some parts of the market are seeing some rises, but that’s the natural result of Helicopter Ben’s interest rate manipulation, the $8k tax credit, and other chicanery going on right now.
In my own case, the max my wife and I could responsibly offer went from $215k to $240k (yes, we are bottom feeders) in the last nine months or so. I doubt we’re the only ones.
ParticipantCongratulations!
I’m in the first days of escrow also, so I feel your joy and pain.
We’re buying in 92020, so it’s just your basic 3/1 built in the ’50s, but otherwise your plan sounds just like ours: 20% down with 9-12 months’ worth of reserves left over and a plan if the wheels truly fall off the economy.
Are we still good little piggies if we succumb before the bottom is really in?
To top it off, ours is a short sale that actually came through in only 60 days from offer to escrow.
Again, enjoy your new house!
ParticipantCongratulations!
I’m in the first days of escrow also, so I feel your joy and pain.
We’re buying in 92020, so it’s just your basic 3/1 built in the ’50s, but otherwise your plan sounds just like ours: 20% down with 9-12 months’ worth of reserves left over and a plan if the wheels truly fall off the economy.
Are we still good little piggies if we succumb before the bottom is really in?
To top it off, ours is a short sale that actually came through in only 60 days from offer to escrow.
Again, enjoy your new house!
ParticipantCongratulations!
I’m in the first days of escrow also, so I feel your joy and pain.
We’re buying in 92020, so it’s just your basic 3/1 built in the ’50s, but otherwise your plan sounds just like ours: 20% down with 9-12 months’ worth of reserves left over and a plan if the wheels truly fall off the economy.
Are we still good little piggies if we succumb before the bottom is really in?
To top it off, ours is a short sale that actually came through in only 60 days from offer to escrow.
Again, enjoy your new house!
ParticipantCongratulations!
I’m in the first days of escrow also, so I feel your joy and pain.
We’re buying in 92020, so it’s just your basic 3/1 built in the ’50s, but otherwise your plan sounds just like ours: 20% down with 9-12 months’ worth of reserves left over and a plan if the wheels truly fall off the economy.
Are we still good little piggies if we succumb before the bottom is really in?
To top it off, ours is a short sale that actually came through in only 60 days from offer to escrow.
Again, enjoy your new house!
ParticipantCongratulations!
I’m in the first days of escrow also, so I feel your joy and pain.
We’re buying in 92020, so it’s just your basic 3/1 built in the ’50s, but otherwise your plan sounds just like ours: 20% down with 9-12 months’ worth of reserves left over and a plan if the wheels truly fall off the economy.
Are we still good little piggies if we succumb before the bottom is really in?
To top it off, ours is a short sale that actually came through in only 60 days from offer to escrow.
Again, enjoy your new house!
June 27, 2009 at 8:08 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421190ParticipantMy wife and I thought about using Redfin but ended up using the listing agent from a failed short sale. We didn’t have a buyer’s agent on that deal, so he acted in a limited dual agency role. After that deal fell through due to BofA’s idiocy, he offered to split his commission with us as a buyer’s agent. Why? He saw how we operated: we wanted to do our own research, didn’t make a hobby of tramping through houses we didn’t really want to buy, etc.
As it turned out, he showed us exactly one house (another short sale, natch). We put in an offer, then a counter-offer which was accepted by the seller in late April and approved by their bank last Thursday. We didn’t waste his time or ours pursuing houses we weren’t really interested in. Easier money for him, a nice chunk of money back for us–everybody wins.
Some of you sound like chronic lookie loos. Are you really trying to find a house to buy, or is it just a fun pastime?
June 27, 2009 at 8:08 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421461ParticipantMy wife and I thought about using Redfin but ended up using the listing agent from a failed short sale. We didn’t have a buyer’s agent on that deal, so he acted in a limited dual agency role. After that deal fell through due to BofA’s idiocy, he offered to split his commission with us as a buyer’s agent. Why? He saw how we operated: we wanted to do our own research, didn’t make a hobby of tramping through houses we didn’t really want to buy, etc.
As it turned out, he showed us exactly one house (another short sale, natch). We put in an offer, then a counter-offer which was accepted by the seller in late April and approved by their bank last Thursday. We didn’t waste his time or ours pursuing houses we weren’t really interested in. Easier money for him, a nice chunk of money back for us–everybody wins.
Some of you sound like chronic lookie loos. Are you really trying to find a house to buy, or is it just a fun pastime?
June 27, 2009 at 8:08 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421528ParticipantMy wife and I thought about using Redfin but ended up using the listing agent from a failed short sale. We didn’t have a buyer’s agent on that deal, so he acted in a limited dual agency role. After that deal fell through due to BofA’s idiocy, he offered to split his commission with us as a buyer’s agent. Why? He saw how we operated: we wanted to do our own research, didn’t make a hobby of tramping through houses we didn’t really want to buy, etc.
As it turned out, he showed us exactly one house (another short sale, natch). We put in an offer, then a counter-offer which was accepted by the seller in late April and approved by their bank last Thursday. We didn’t waste his time or ours pursuing houses we weren’t really interested in. Easier money for him, a nice chunk of money back for us–everybody wins.
Some of you sound like chronic lookie loos. Are you really trying to find a house to buy, or is it just a fun pastime?
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