Forum Replies Created
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AuthorPosts
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NotCranky
Participant“Sorry if my scorning bothered you. I’m just a sarcastic shit by nature. Been that way all my life. Didn’t mean to piss ya off.”
Sounds like we are two peas in a pod ..I was not angry I was having fun.
“I’m asking if someone sees something that I’m overlooking, or some flaw in my logic, that I should be considering.”
You must be kidding?
Participant“Sorry if my scorning bothered you. I’m just a sarcastic shit by nature. Been that way all my life. Didn’t mean to piss ya off.”
Sounds like we are two peas in a pod ..I was not angry I was having fun.
“I’m asking if someone sees something that I’m overlooking, or some flaw in my logic, that I should be considering.”
You must be kidding?
Participant“The argument is something like you guys are young and your incomes are increasing so max out on a home in a nice area and after struggling for the first few years your income will go up and the payment will be easy.”
Yeah besides that the more expensive they are the faster they appreciate! Just kidding.
I would take that advice with a grain of salt but am looking forward to seeing other opinions. If the people giving you the advice are going to pay for your house, if you can’t, you might consider taking it..
Participant“The argument is something like you guys are young and your incomes are increasing so max out on a home in a nice area and after struggling for the first few years your income will go up and the payment will be easy.”
Yeah besides that the more expensive they are the faster they appreciate! Just kidding.
I would take that advice with a grain of salt but am looking forward to seeing other opinions. If the people giving you the advice are going to pay for your house, if you can’t, you might consider taking it..
Participant“The argument is something like you guys are young and your incomes are increasing so max out on a home in a nice area and after struggling for the first few years your income will go up and the payment will be easy.”
Yeah besides that the more expensive they are the faster they appreciate! Just kidding.
I would take that advice with a grain of salt but am looking forward to seeing other opinions. If the people giving you the advice are going to pay for your house, if you can’t, you might consider taking it..
Participant“The argument is something like you guys are young and your incomes are increasing so max out on a home in a nice area and after struggling for the first few years your income will go up and the payment will be easy.”
Yeah besides that the more expensive they are the faster they appreciate! Just kidding.
I would take that advice with a grain of salt but am looking forward to seeing other opinions. If the people giving you the advice are going to pay for your house, if you can’t, you might consider taking it..
ParticipantWould that be the foreclosures and NOT’s and NOD’s?
Yes it would be that and short sales. Watch days on market, both for distressed properties and the general market. What you really want to see is how are the distressed properties fairing in the market along with the other observations.
“How can I gather the correct information to start tracking this information by zipcode?”
Without a subscription to the mls or other data source it isn’t simple to do. It can be done though. I believe? I cant explain it though because I take the simple route called the MLS.
In any case, the idea is to get your finger on the pulse of the market.
Take Temecula for instance. That is a good area to watch for learning purposes because it is already facing more drastic price declines in response to distress. The deals look good by comparison to 6 months ago, a year ago and beyond but the numbers are not showing any possiblity that those deals are going away anytime soon or even that the declines are over with.There are several posters here who are doing for Temecula what you want to do for other areas.In most ,if not all San Diego areas, we have bad and worsening numbers but less of a capitulation on prices. All indications are that prices will continue to decline, pretty broadly speaking, before they get better. Most people are of the opinion that “nicer” areas closer to desirable locations like beaches and jobs,like CV, will get hit last. There tends to be less agreement on how hard they will get hit pricewise.
ParticipantWould that be the foreclosures and NOT’s and NOD’s?
Yes it would be that and short sales. Watch days on market, both for distressed properties and the general market. What you really want to see is how are the distressed properties fairing in the market along with the other observations.
“How can I gather the correct information to start tracking this information by zipcode?”
Without a subscription to the mls or other data source it isn’t simple to do. It can be done though. I believe? I cant explain it though because I take the simple route called the MLS.
In any case, the idea is to get your finger on the pulse of the market.
Take Temecula for instance. That is a good area to watch for learning purposes because it is already facing more drastic price declines in response to distress. The deals look good by comparison to 6 months ago, a year ago and beyond but the numbers are not showing any possiblity that those deals are going away anytime soon or even that the declines are over with.There are several posters here who are doing for Temecula what you want to do for other areas.In most ,if not all San Diego areas, we have bad and worsening numbers but less of a capitulation on prices. All indications are that prices will continue to decline, pretty broadly speaking, before they get better. Most people are of the opinion that “nicer” areas closer to desirable locations like beaches and jobs,like CV, will get hit last. There tends to be less agreement on how hard they will get hit pricewise.
ParticipantWould that be the foreclosures and NOT’s and NOD’s?
Yes it would be that and short sales. Watch days on market, both for distressed properties and the general market. What you really want to see is how are the distressed properties fairing in the market along with the other observations.
“How can I gather the correct information to start tracking this information by zipcode?”
Without a subscription to the mls or other data source it isn’t simple to do. It can be done though. I believe? I cant explain it though because I take the simple route called the MLS.
In any case, the idea is to get your finger on the pulse of the market.
Take Temecula for instance. That is a good area to watch for learning purposes because it is already facing more drastic price declines in response to distress. The deals look good by comparison to 6 months ago, a year ago and beyond but the numbers are not showing any possiblity that those deals are going away anytime soon or even that the declines are over with.There are several posters here who are doing for Temecula what you want to do for other areas.In most ,if not all San Diego areas, we have bad and worsening numbers but less of a capitulation on prices. All indications are that prices will continue to decline, pretty broadly speaking, before they get better. Most people are of the opinion that “nicer” areas closer to desirable locations like beaches and jobs,like CV, will get hit last. There tends to be less agreement on how hard they will get hit pricewise.
ParticipantWould that be the foreclosures and NOT’s and NOD’s?
Yes it would be that and short sales. Watch days on market, both for distressed properties and the general market. What you really want to see is how are the distressed properties fairing in the market along with the other observations.
“How can I gather the correct information to start tracking this information by zipcode?”
Without a subscription to the mls or other data source it isn’t simple to do. It can be done though. I believe? I cant explain it though because I take the simple route called the MLS.
In any case, the idea is to get your finger on the pulse of the market.
Take Temecula for instance. That is a good area to watch for learning purposes because it is already facing more drastic price declines in response to distress. The deals look good by comparison to 6 months ago, a year ago and beyond but the numbers are not showing any possiblity that those deals are going away anytime soon or even that the declines are over with.There are several posters here who are doing for Temecula what you want to do for other areas.In most ,if not all San Diego areas, we have bad and worsening numbers but less of a capitulation on prices. All indications are that prices will continue to decline, pretty broadly speaking, before they get better. Most people are of the opinion that “nicer” areas closer to desirable locations like beaches and jobs,like CV, will get hit last. There tends to be less agreement on how hard they will get hit pricewise.
Participantcsr_sd
Sorry about that csr_sd.
The vast majority of the houses & condos for sale are on the MLS. If an agent tells you he or she is special because he has deals off the MLS and you are not a big time player buying ten or more at a time. Well anyway so far I haven’t seen that, and I would say they are just using a fib to compete with other agents. It does happen but more randomly, for instance, I once had a listing on a craftsman where a buyer came and looked at it but said he was really looking for a Spanish style home. So I knocked on doors and found one and we closed escrow quickly. He still used his agent and we split the commission. Things like that do happen but they are exceptional. Funny thing, in that case a man came unrepresented, because I ran an add for the craftsman in the tribune. We had lunch after he saw it and wrote up the full price offer cash.
There is nothing wrong with going to a seller’s agent with with intentions of fair play. If your search for a house is more complicated that might not work out, so a knowlegeable advocate,such as a realtor could be beneficial in locating a desirable property and as Xbox boy has pointed out handling negotiations and the transaction. We have had long threads on the value of a buyer’s Realtor for the sake of one person before. Many things pro and con came up. Doesn’t seem like we should hi-jack your thread for that.
Edit: This is a decent thread on the topic of using a Realtor or not. http://piggington.com/do_we_need_realtorsParticipantcsr_sd
Sorry about that csr_sd.
The vast majority of the houses & condos for sale are on the MLS. If an agent tells you he or she is special because he has deals off the MLS and you are not a big time player buying ten or more at a time. Well anyway so far I haven’t seen that, and I would say they are just using a fib to compete with other agents. It does happen but more randomly, for instance, I once had a listing on a craftsman where a buyer came and looked at it but said he was really looking for a Spanish style home. So I knocked on doors and found one and we closed escrow quickly. He still used his agent and we split the commission. Things like that do happen but they are exceptional. Funny thing, in that case a man came unrepresented, because I ran an add for the craftsman in the tribune. We had lunch after he saw it and wrote up the full price offer cash.
There is nothing wrong with going to a seller’s agent with with intentions of fair play. If your search for a house is more complicated that might not work out, so a knowlegeable advocate,such as a realtor could be beneficial in locating a desirable property and as Xbox boy has pointed out handling negotiations and the transaction. We have had long threads on the value of a buyer’s Realtor for the sake of one person before. Many things pro and con came up. Doesn’t seem like we should hi-jack your thread for that.
Edit: This is a decent thread on the topic of using a Realtor or not. http://piggington.com/do_we_need_realtorsParticipantcsr_sd
Sorry about that csr_sd.
The vast majority of the houses & condos for sale are on the MLS. If an agent tells you he or she is special because he has deals off the MLS and you are not a big time player buying ten or more at a time. Well anyway so far I haven’t seen that, and I would say they are just using a fib to compete with other agents. It does happen but more randomly, for instance, I once had a listing on a craftsman where a buyer came and looked at it but said he was really looking for a Spanish style home. So I knocked on doors and found one and we closed escrow quickly. He still used his agent and we split the commission. Things like that do happen but they are exceptional. Funny thing, in that case a man came unrepresented, because I ran an add for the craftsman in the tribune. We had lunch after he saw it and wrote up the full price offer cash.
There is nothing wrong with going to a seller’s agent with with intentions of fair play. If your search for a house is more complicated that might not work out, so a knowlegeable advocate,such as a realtor could be beneficial in locating a desirable property and as Xbox boy has pointed out handling negotiations and the transaction. We have had long threads on the value of a buyer’s Realtor for the sake of one person before. Many things pro and con came up. Doesn’t seem like we should hi-jack your thread for that.
Edit: This is a decent thread on the topic of using a Realtor or not. http://piggington.com/do_we_need_realtorsParticipantcsr_sd
Sorry about that csr_sd.
The vast majority of the houses & condos for sale are on the MLS. If an agent tells you he or she is special because he has deals off the MLS and you are not a big time player buying ten or more at a time. Well anyway so far I haven’t seen that, and I would say they are just using a fib to compete with other agents. It does happen but more randomly, for instance, I once had a listing on a craftsman where a buyer came and looked at it but said he was really looking for a Spanish style home. So I knocked on doors and found one and we closed escrow quickly. He still used his agent and we split the commission. Things like that do happen but they are exceptional. Funny thing, in that case a man came unrepresented, because I ran an add for the craftsman in the tribune. We had lunch after he saw it and wrote up the full price offer cash.
There is nothing wrong with going to a seller’s agent with with intentions of fair play. If your search for a house is more complicated that might not work out, so a knowlegeable advocate,such as a realtor could be beneficial in locating a desirable property and as Xbox boy has pointed out handling negotiations and the transaction. We have had long threads on the value of a buyer’s Realtor for the sake of one person before. Many things pro and con came up. Doesn’t seem like we should hi-jack your thread for that.
Edit: This is a decent thread on the topic of using a Realtor or not. http://piggington.com/do_we_need_realtors -
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