[NotCranky]

Fiduciary relationship? What does it matter if nobody cares? I mean there is so much gray area and lack of interest in individual cases as to render any regulation void. No offense to anyone in the business because all don’t wear the same shoes. Clearly not many are holding themselves to the standard of what an average person would feel was a fiduciary realtionship. It is flaunted on the Real Estate sales side too. Nobody cares.

[NotCranky]

“Debt is the opiate of the masses.
Overly coveting things that are intended to be secured by debt prior to actually obtaining them is a double dose.”

All the leaders of a people have to do is create a frenzy for for high levels of home and other indebtedness and they can take off on any immoral war they want…. by threatenting the debtors ability to pay for the stuff the covet.

[NotCranky]

I don’t like to say list at x% above or below comps because it really depends on the situation.

“I would adjust according to the number of sales and other feedback from the sub market and also traffic to the subject property.”
I think that covers the other bases you reference MR. One Upper ;).

In my account I already adjusted for the fact that the seller is motivated. In this market If I were motivated closed sales matter to me less than pendings (depending on the activity). Of course to make a superstar presentaion to a seller of unknown motivation you might have to bring what they were looking for …closed sales comps.

I think getting something sold and pleasing deluded clients are two different topics. I am not doing therapy on anybody on this issue especially after the sign is in the front yard.

[NotCranky]

I have a friend who live in Santee and works downtown. He doesn’t worry about the morning commute as he is a very early bird. He takes the 94 East to the 125 North to get home.His wife works in Mission Valley. So far so good.He and his wife are happy with Santee but not looking forward to Fanita Ranch developement. They got a good deal on a big new house right before the run up. They are perfectly happy with no cultural type ammenities to speak of because when they have free time they travel the world.

As a contractor I love the industrial area on the border between El Cajon and Santee. Those shops and light manufacturers supply the stuff a guy really needs and most of them are good at it and a pleasure to work with . We need places like that.

[NotCranky]

As far as comps go. I would check recent pendings. I think it is safe to say that the majority of them went into escrow for a ballpark estimate of 5% off list price . You have to start somewhere.(In thi market list price has oftern been reduced a few times before an escrow) If I were motivated to sell something I would start a little lower than the best pending comp but be willing to get to 5% below a pendings based comp after a few weeks and work from there. Probably take something like 3 percent off a month later. That is very competetive. I would adjust according to the number of sales and other feedback from the sub market and also traffic to the subject property.

[NotCranky]

Vozangre,
Mucho puedes hacer para Mexico o Los Mexicanos sin hacerte el estupido aca en la red. Has hecho algo? No? Eres un pinchi mal criado, sin verguenza, inutil.Vete al la fregada!Asi te gusta pendejo mal hablado? Ahora donde vas a cagar idiota?

[NotCranky]

“Suddenly it seems fashionable to blame Greenspan for all ills of the nation.”

It would help if looking at him didn’t make me think of the wicked child extortioner, Fagan, of “Oliver Twist”. The man has an appearance that does not engender trust.

Disclaimer, I am not anti- semetic. Yes,the nose does probably have something to do with it.

[NotCranky]

Relo,
You should look at FSD’s proposal over a couple of years. Your Mother is actually going to add to you cashflow and youmay buy the bigger house at a steep discount in 2 years.The scenario absolutely looks different from there on out.

The trade would probably work. You might even be in a good bargaining position going into it if enough people would gladly trade down (to something affordable) and rid them selves of a nightmare about to happen. A few ideas come to mind, again just quick rough draft form. You could list your house as a trade, with a realtor who accepts the flat fee idea and target expired listings by having your agent call them . You could also use the union tripe. Of all things that can be said about it it is effective for advertising. Maybe Craigs’ list? I haven’t used that and some of the rest of the piggs will find your add and drag it over here to make fun of you!

The big downside of the trade is that you give up the opportunity to buy the larger house after prices come down….but you get rid of your own already depreciating asset. Yo could work the trade idea in conjunction with a straight forward listing for sale and take which ever one comes first in a suitable fashion.

I nominate SDR to get you through this :). I believe he lists for 1%.(Let him get a referral fee from the Arizona agent if anybody still bothers with that)

[NotCranky]

Have you thought of advertising a trade? I really have no concept of how it would work but in your shoes I might consider figuring that out. Offer to trade for a larger house with you making up the difference in cash from the sale of your Mother’s place. If you find somebody, pay a Realtor a nominal flat fee to help put it all together.In this market it might just work. Rumor has it builders are doing it(more or less). If you get the right place it is easy to modify it so that you mother has a private entrance and a little kitchenette if that is desired.

Disclaimer: Consider this along the lines of shoot from the hip brainstorming.The idea is that you have already lost your downpayment if you sell and all parties will avoid big commissions and perhaps get into a more suitable situation.Somebody out there must want to downsize but is facing the same problems in the market that you are.

Best wishes

[NotCranky]

Very salient posts by davel and patient followed by a great answer by LA renter.

“Besides once home prices begin falling such as they are now very few will be willing to take out a mortgage without the confidence that home price appreciation is certain.”

Just on this blog you can absolutely see the panic went up several notches in the last couple of weeks.Many people are very concerned about the ability to maintain financial security going forward. Who wants to dump a good portion what ever assets they have into a house and assume a mortgage when so many people are actually passing the “R” word and even the “D” word around and depreciation is a given. I agree with LA renter, buyers are the only ones who can muster much of a ” bail- out” and they have obviously said “hell no!”.

[NotCranky]

no..I put this in the off topic and I’m trying to engage a convo

You are actually not being all that conversational. I posed a question to you in the first added post to your thread. You mean you want a conversation that goes Ron Paul “”Yes or Ron Paul “No”. That is not a conversation is akin to polling IMHO.

[NotCranky]

I guess being a DR. and a Realtor have one similiarty…you have to have the stomach for people shitting and puking all over you. I am glad you found your calling.

When I got my license I went to a Century 21 office. I think then and there I understood what a “talking head” was. The managing brokers eyes were unlike anything I had ever seen. He could have just had neon “sold” signs for
occular implants and he would have looked no more deficient of a soul.

[NotCranky]

“Will she grow up in a poorer….country” Yes let’s don’t pretend that she won’t and hope that we will become less militiaristic in the same sentence. Our Military had an enormous effect on the wealth of our nation and the globe can not take that sort of command structure anymore.We will be poorer or MORE militaristic. I hope for the former. Why do we see that as the ultimate failure? Starvation is failure but other than that the possibilities are pretty broad.

[NotCranky]

“Buying hope” belongs on another active thread.

“What’s the next bubble?”

[NotCranky]

That’s funny Desmond did you get him to take you out to a couple of nice meals? A ball game?

I got my license in 1998. I never have been the pushy type. I can imagine all the people saying.. “if that damn Rustico knew what the hell he was doing we would have bought a lot of Real Estate! We would be Rich now! Stupid Realtors!I bet he bought it all for himself!

At that time my more experienced Broker was sending out letters targeted at working class people that said… “If you buy now you will be relatively wealthy in a few years.” For your information JWM he stopped doing that several years ago. I don’t think he goes door to door but I think he would be pretty honest if he did.He would definitely tell you you were a lunatic if you got wierd. The way I see it sellers are on a level playing field with buyers and deserve the best help they can get.(not that I want a bunch of unrealistic sellers). Perhaps those door to door types are offering that? You just don’t know.

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