[no_such_reality]

[quote=sdrealtor]least one agent didnt stand up at the weekly meeting asking if anyone knew about a 1 story real ocean view home w? at least 2000 sf coming up. It is unquestionably the hardest to find and hottest commodity out there. You put that house on the market as an equity sale at $1M, clean it up a little, make it easy to show and within 30 to 60 days it would have sold.
[/quote]
Agreed. Now, this isn’t an equity seller. No body is cleaning it up. In fact, it’s getting quazi-stripped. It isn’t selling in 30 to 60 days. It’s not easy to show. The seller doesn’t care. It may not sell at all cuz the bank or 2nd says screw-it.

And… $720K probably isn’t the real price.

BTW, (not a dig) but I’m assuming none of your three that would put an offer in did. They didn’t see it. They weren’t actively looking. No standing search for it?

Clean it up and make it an equity sale at a $1Million? Then $720K plus 2nd kick, replacement high end pool BBQ, appliances and lipstick for the pig will give a flipper about $100K profit on their $850K investment gamble.

Can the system be gamed? Heck yeah. Does the MLS tell the story – hell no.

It could be a pocket listing.
It could be stupid banks.
It could be rougher than anybody thinks inside.
It could be a huge second that took a bath that could buy out the first.
It could be a straight up deal that if you didn’t hit day one had a dozen people in line.

Would I buy it at a $720K, yeah. Could it sell for a million, yeah, as you said dressed and equity seller.

Would your buyers buy it missing the pool BBQ island, the appliances and probably missing the normal beautiful home gloss and looking kind of piggy?

How much? Much much they willing to go knowing it’s $720K to clear the first and not knowing how much to clear the second and they’ve got some pig slop to clean up?

[no_such_reality]

[quote=sdrealtor]least one agent didnt stand up at the weekly meeting asking if anyone knew about a 1 story real ocean view home w? at least 2000 sf coming up. It is unquestionably the hardest to find and hottest commodity out there. You put that house on the market as an equity sale at $1M, clean it up a little, make it easy to show and within 30 to 60 days it would have sold.
[/quote]
Agreed. Now, this isn’t an equity seller. No body is cleaning it up. In fact, it’s getting quazi-stripped. It isn’t selling in 30 to 60 days. It’s not easy to show. The seller doesn’t care. It may not sell at all cuz the bank or 2nd says screw-it.

And… $720K probably isn’t the real price.

BTW, (not a dig) but I’m assuming none of your three that would put an offer in did. They didn’t see it. They weren’t actively looking. No standing search for it?

Clean it up and make it an equity sale at a $1Million? Then $720K plus 2nd kick, replacement high end pool BBQ, appliances and lipstick for the pig will give a flipper about $100K profit on their $850K investment gamble.

Can the system be gamed? Heck yeah. Does the MLS tell the story – hell no.

It could be a pocket listing.
It could be stupid banks.
It could be rougher than anybody thinks inside.
It could be a huge second that took a bath that could buy out the first.
It could be a straight up deal that if you didn’t hit day one had a dozen people in line.

Would I buy it at a $720K, yeah. Could it sell for a million, yeah, as you said dressed and equity seller.

Would your buyers buy it missing the pool BBQ island, the appliances and probably missing the normal beautiful home gloss and looking kind of piggy?

How much? Much much they willing to go knowing it’s $720K to clear the first and not knowing how much to clear the second and they’ve got some pig slop to clean up?

[no_such_reality]

[quote=sdrealtor]least one agent didnt stand up at the weekly meeting asking if anyone knew about a 1 story real ocean view home w? at least 2000 sf coming up. It is unquestionably the hardest to find and hottest commodity out there. You put that house on the market as an equity sale at $1M, clean it up a little, make it easy to show and within 30 to 60 days it would have sold.
[/quote]
Agreed. Now, this isn’t an equity seller. No body is cleaning it up. In fact, it’s getting quazi-stripped. It isn’t selling in 30 to 60 days. It’s not easy to show. The seller doesn’t care. It may not sell at all cuz the bank or 2nd says screw-it.

And… $720K probably isn’t the real price.

BTW, (not a dig) but I’m assuming none of your three that would put an offer in did. They didn’t see it. They weren’t actively looking. No standing search for it?

Clean it up and make it an equity sale at a $1Million? Then $720K plus 2nd kick, replacement high end pool BBQ, appliances and lipstick for the pig will give a flipper about $100K profit on their $850K investment gamble.

Can the system be gamed? Heck yeah. Does the MLS tell the story – hell no.

It could be a pocket listing.
It could be stupid banks.
It could be rougher than anybody thinks inside.
It could be a huge second that took a bath that could buy out the first.
It could be a straight up deal that if you didn’t hit day one had a dozen people in line.

Would I buy it at a $720K, yeah. Could it sell for a million, yeah, as you said dressed and equity seller.

Would your buyers buy it missing the pool BBQ island, the appliances and probably missing the normal beautiful home gloss and looking kind of piggy?

How much? Much much they willing to go knowing it’s $720K to clear the first and not knowing how much to clear the second and they’ve got some pig slop to clean up?

[no_such_reality]

[quote=sdrealtor]least one agent didnt stand up at the weekly meeting asking if anyone knew about a 1 story real ocean view home w? at least 2000 sf coming up. It is unquestionably the hardest to find and hottest commodity out there. You put that house on the market as an equity sale at $1M, clean it up a little, make it easy to show and within 30 to 60 days it would have sold.
[/quote]
Agreed. Now, this isn’t an equity seller. No body is cleaning it up. In fact, it’s getting quazi-stripped. It isn’t selling in 30 to 60 days. It’s not easy to show. The seller doesn’t care. It may not sell at all cuz the bank or 2nd says screw-it.

And… $720K probably isn’t the real price.

BTW, (not a dig) but I’m assuming none of your three that would put an offer in did. They didn’t see it. They weren’t actively looking. No standing search for it?

Clean it up and make it an equity sale at a $1Million? Then $720K plus 2nd kick, replacement high end pool BBQ, appliances and lipstick for the pig will give a flipper about $100K profit on their $850K investment gamble.

Can the system be gamed? Heck yeah. Does the MLS tell the story – hell no.

It could be a pocket listing.
It could be stupid banks.
It could be rougher than anybody thinks inside.
It could be a huge second that took a bath that could buy out the first.
It could be a straight up deal that if you didn’t hit day one had a dozen people in line.

Would I buy it at a $720K, yeah. Could it sell for a million, yeah, as you said dressed and equity seller.

Would your buyers buy it missing the pool BBQ island, the appliances and probably missing the normal beautiful home gloss and looking kind of piggy?

How much? Much much they willing to go knowing it’s $720K to clear the first and not knowing how much to clear the second and they’ve got some pig slop to clean up?

[no_such_reality]

sdrealtor, technically correct, however let’s think about it. The seller, and BTW, it’s still the sellers deal to sell. Wants it done. Starting to flip flop with offers with the bank is a formula for a giant PITA for the seller.

As SD Realtor said, at a screaming deal, the seller should have received multiple offers that first day if there’s only one or two others that have sold in the last year comparable.

Everybody wants the deal at $720K. How many can do the deal at $750K when it’s a $720K mortgage and $30K cash to the 2nd? How many are running to the bar at the $850K listing?

How many are like SD R’ deal where the 2nd bank comes back saying we want $$ and all eight back-up offers fold…

So now the seller has the bank’s saying we’ll take X & Y. There may be multiple people willing to buy it at that point… or should the seller start over and send whatever potshot comes in from someone trying to pay a little more to get what now looks like a good deal, a week later? Two weeks later?

The seller wants it sold. Actually, the seller, probably just wants it over. Either take the offer bank or foreclose.

[no_such_reality]

sdrealtor, technically correct, however let’s think about it. The seller, and BTW, it’s still the sellers deal to sell. Wants it done. Starting to flip flop with offers with the bank is a formula for a giant PITA for the seller.

As SD Realtor said, at a screaming deal, the seller should have received multiple offers that first day if there’s only one or two others that have sold in the last year comparable.

Everybody wants the deal at $720K. How many can do the deal at $750K when it’s a $720K mortgage and $30K cash to the 2nd? How many are running to the bar at the $850K listing?

How many are like SD R’ deal where the 2nd bank comes back saying we want $$ and all eight back-up offers fold…

So now the seller has the bank’s saying we’ll take X & Y. There may be multiple people willing to buy it at that point… or should the seller start over and send whatever potshot comes in from someone trying to pay a little more to get what now looks like a good deal, a week later? Two weeks later?

The seller wants it sold. Actually, the seller, probably just wants it over. Either take the offer bank or foreclose.

[no_such_reality]

sdrealtor, technically correct, however let’s think about it. The seller, and BTW, it’s still the sellers deal to sell. Wants it done. Starting to flip flop with offers with the bank is a formula for a giant PITA for the seller.

As SD Realtor said, at a screaming deal, the seller should have received multiple offers that first day if there’s only one or two others that have sold in the last year comparable.

Everybody wants the deal at $720K. How many can do the deal at $750K when it’s a $720K mortgage and $30K cash to the 2nd? How many are running to the bar at the $850K listing?

How many are like SD R’ deal where the 2nd bank comes back saying we want $$ and all eight back-up offers fold…

So now the seller has the bank’s saying we’ll take X & Y. There may be multiple people willing to buy it at that point… or should the seller start over and send whatever potshot comes in from someone trying to pay a little more to get what now looks like a good deal, a week later? Two weeks later?

The seller wants it sold. Actually, the seller, probably just wants it over. Either take the offer bank or foreclose.

[no_such_reality]

sdrealtor, technically correct, however let’s think about it. The seller, and BTW, it’s still the sellers deal to sell. Wants it done. Starting to flip flop with offers with the bank is a formula for a giant PITA for the seller.

As SD Realtor said, at a screaming deal, the seller should have received multiple offers that first day if there’s only one or two others that have sold in the last year comparable.

Everybody wants the deal at $720K. How many can do the deal at $750K when it’s a $720K mortgage and $30K cash to the 2nd? How many are running to the bar at the $850K listing?

How many are like SD R’ deal where the 2nd bank comes back saying we want $$ and all eight back-up offers fold…

So now the seller has the bank’s saying we’ll take X & Y. There may be multiple people willing to buy it at that point… or should the seller start over and send whatever potshot comes in from someone trying to pay a little more to get what now looks like a good deal, a week later? Two weeks later?

The seller wants it sold. Actually, the seller, probably just wants it over. Either take the offer bank or foreclose.

[no_such_reality]

sdrealtor, technically correct, however let’s think about it. The seller, and BTW, it’s still the sellers deal to sell. Wants it done. Starting to flip flop with offers with the bank is a formula for a giant PITA for the seller.

As SD Realtor said, at a screaming deal, the seller should have received multiple offers that first day if there’s only one or two others that have sold in the last year comparable.

Everybody wants the deal at $720K. How many can do the deal at $750K when it’s a $720K mortgage and $30K cash to the 2nd? How many are running to the bar at the $850K listing?

How many are like SD R’ deal where the 2nd bank comes back saying we want $$ and all eight back-up offers fold…

So now the seller has the bank’s saying we’ll take X & Y. There may be multiple people willing to buy it at that point… or should the seller start over and send whatever potshot comes in from someone trying to pay a little more to get what now looks like a good deal, a week later? Two weeks later?

The seller wants it sold. Actually, the seller, probably just wants it over. Either take the offer bank or foreclose.

[no_such_reality]

Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.

Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.

It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’

Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.

So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.

When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.

If you were walled out on the 19th, then the agent needs a spanking.

[no_such_reality]

Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.

Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.

It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’

Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.

So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.

When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.

If you were walled out on the 19th, then the agent needs a spanking.

[no_such_reality]

Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.

Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.

It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’

Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.

So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.

When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.

If you were walled out on the 19th, then the agent needs a spanking.

[no_such_reality]

Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.

Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.

It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’

Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.

So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.

When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.

If you were walled out on the 19th, then the agent needs a spanking.

[no_such_reality]

Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.

Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.

It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’

Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.

So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.

When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.

If you were walled out on the 19th, then the agent needs a spanking.

[no_such_reality]

Cornflower sold 10 days ago for 20% less/sf. Petunia sould October for 5% less.
Pyrus sold September for basically the same price.

[quote] t once but twice … at Active and upon change in price … I had to be completely naked to do it third time.
[/quote]

It was active a month. When did you place the call?

[Author]

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