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(former)FormerSanDiegan
Participant[quote=flu]bump….
Are we still in a sucker’s rally?
[/quote]Probably, but timing a short position may be too difficult to gauge. See Chris Scoreboard’s take …
ParticipantMish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut
ParticipantMish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut
ParticipantMish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut
ParticipantMish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut
ParticipantMish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut
Participant[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Ultimately it is the seller who accepts or rejects the offer, not the agent.
If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.
Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.
Participant[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Ultimately it is the seller who accepts or rejects the offer, not the agent.
If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.
Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.
Participant[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Ultimately it is the seller who accepts or rejects the offer, not the agent.
If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.
Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.
Participant[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Ultimately it is the seller who accepts or rejects the offer, not the agent.
If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.
Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.
Participant[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Ultimately it is the seller who accepts or rejects the offer, not the agent.
If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.
Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.
April 30, 2009 at 5:30 PM in reply to: Recession deepens…first quarter GDP worse than expected… #390611ParticipantAlso, Chrysler filed for bankruptcy.
… and the stock market rallied/yawned on these two pieces of news.
April 30, 2009 at 5:30 PM in reply to: Recession deepens…first quarter GDP worse than expected… #390874ParticipantAlso, Chrysler filed for bankruptcy.
… and the stock market rallied/yawned on these two pieces of news.
April 30, 2009 at 5:30 PM in reply to: Recession deepens…first quarter GDP worse than expected… #391082ParticipantAlso, Chrysler filed for bankruptcy.
… and the stock market rallied/yawned on these two pieces of news.
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