[jimklinge]

I got 23,501 for 1996 – if you hit ‘download’ it’ll pick up those that don’t include the square footage.

Jim the Realtor

[jimklinge]

I got 23,501 for 1996 – if you hit ‘download’ it’ll pick up those that don’t include the square footage.

Jim the Realtor

[jimklinge]

I got 23,501 for 1996 – if you hit ‘download’ it’ll pick up those that don’t include the square footage.

Jim the Realtor

[jimklinge]

I’d guess that the market stall will continue, because this is what’s going through every seller’s head right now:

“Lower the price? – heck, with the fires and all, I think I’ll wait – maybe just wait until Spring when it picks up again?”

Meanwhile, the buyer’s expectations are going down about $1,000 per day. 90 days = $90,000. How smart is waiting?

Jim the Realtor

[jimklinge]

I’d guess that the market stall will continue, because this is what’s going through every seller’s head right now:

“Lower the price? – heck, with the fires and all, I think I’ll wait – maybe just wait until Spring when it picks up again?”

Meanwhile, the buyer’s expectations are going down about $1,000 per day. 90 days = $90,000. How smart is waiting?

Jim the Realtor

[jimklinge]

I’d guess that the market stall will continue, because this is what’s going through every seller’s head right now:

“Lower the price? – heck, with the fires and all, I think I’ll wait – maybe just wait until Spring when it picks up again?”

Meanwhile, the buyer’s expectations are going down about $1,000 per day. 90 days = $90,000. How smart is waiting?

Jim the Realtor

[jimklinge]

I agree with sdrealtor that we can only use these numbers for gauging the direction and velocity.

Sandicor is deleting listings from the MLS.

Whether they are doing it deliberately to try and prop up the market, or if they’re trying to save on memory, I don’t care – it is WRONG!

I pay my dues to get the full MLS, not part of it. They have already made it more difficult by putting that 250 cap on sample sizes, they are deleting listings, what else will they think of next to inhibit our use of the OUR data?

I will take great pleasure in seeing Google or Zillow or somebody create the OpenMLS that’s fully transparent and put the Association of Realtors out of business. You’re supposed to HELP US, not inhibit us!

Jim the Realtor

[jimklinge]

I might have something for you – check out the road called Blue Bird Canyon Trail off Buena Creek. If you want rural, it’s worth a look – there’s nothing between you and the hills.

We preparing a house for sale right now, and it’ll be ready in a few days to look at. Email me for more details.

[email protected]

Jim the Realtor

[jimklinge]

There is no realtor oath about not disclosing the sales price prior to close of escrow. That’s an old wife’s tale. Hang onto your pin.

It doesn’t hurt the seller to disclose the sales price. If it falls out of escrow, nobody is saying that the seller will sell it again for that low. For those listing agents out there, you know that’s true – they usually hold out for more the second time around!

Jim the Realtor

[jimklinge]

It’s a gimmick – loans add up to $606,000. This tactic is being tried by listing agents to attract extra interest for short sales, but it’ll backfire on them.

Think if you were the lender – would you write off $200,000 just like that? These agents are in for a surprise when lenders object to this type of marketing.

Of course, if they offer it for $409,000 and no one bites, what does that say? And what do you tell the sellers/lenders then, with egg all over your face? Cut another $100,000 and try again?

Jim the Realtor

[jimklinge]

Klinger was the guy on MASH, my name is Klinge, like the Klinge-ons (except they’re a little better-looking).

BTW, the ones that state ‘not a short sale’ are usually bank-owned already, so there are plenty that are ‘distressed’.

The lenders are getting buried by foreclosures, and should be giving them away in another 6-12 months. They’ve been trying to hang tough, but they have to be bursting at the gills.

Jim the Realtor

[jimklinge]

When I checked for short sales in the active listings in San Diego County only, detached and attached, I got 933.

I input ‘%short sale’ in each of the remarks, conf remarks, and supplemental categories. Some guys put ‘not a short sale’ just to be picked up on these types of searches, so it’s probably +/- 10% or so.

If you don’t put the % in front, you only get the ones that have ‘short sale’ as the first two words.

Jim the Realtor

[jimklinge]

Love me? Sounds like you’re trying to bury me.

It sure sounds sexy to call a realtor desperate though, heck – let’s make that the title!

As always, I’m trying to give people something to think about, that’s it.

Who cares what the mean value is, or should have been, or might be someday. We’re just talking about it to gain some insight, and who knows, maybe learn something.

That’s the difference between me and you. I’d rather put it all on the table and examine it, while your agenda is to get everyone to agree with you – and those who don’t, you vilify.

You have given me a great idea though – I’m going to purposely write controversial things just to bug you, so you can blast me over here – and drive more traffic to my blog! Thanks!

Jim the Realtor

[jimklinge]

My next prediction?

That the sales guys at Bressi make deals with the few remaining potential buyers and slip quietly out the back door. Real quietly.

They probably won’t even report them in the MLS, we’ll just see them on the tax rolls over the next 30-60 days, probably at or a little below the existing loan amounts.

They know they have a problem, and it’s time to bail.

Jim the Realtor

[jimklinge]

Bressi’s auction will be having reserve prices, but they’re not releasing them until the day of the auction.

What does that tell you? They won’t be too low, that’s for sure.

I’m guessing they won’t sell one of them at the auction.

Jim the Realtor

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