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NotCranky
ParticipantI will probably watch “Ratatouille” 100 times before I get back to Michael Moore. I don’t mind him too much but I always end up thinking he is a more subtle, liberal version of Rush Limbaugh. Politics are a hopeless quagmire.
Clearly, what we really need it for Jesus to come back and set things right for the world, not for us, one grand Ekklessia.
ParticipantParking on the beach next to the water at O.B. and drinking keg beer listening to the Doobie Brothers and 100 other people’s “boomboxes”. Then driving the car into the water,briefly, and it was all O.K.?
Actually being able to catch a mature fish (non-juvenile) in the coastal waters. (Outside of the preserve,dumbass!)
ParticipantParking on the beach next to the water at O.B. and drinking keg beer listening to the Doobie Brothers and 100 other people’s “boomboxes”. Then driving the car into the water,briefly, and it was all O.K.?
Actually being able to catch a mature fish (non-juvenile) in the coastal waters. (Outside of the preserve,dumbass!)
ParticipantNeat article Hip,
“Inventories will continue to balloon until reluctant home owners come to their senses and slash prices.If they do not do it themselves, appraisers, just like Brookstreet Securities’ clearing firm will do it for them.”
We are counting on you BUGS, SDAppraiser! What a role to be in. You all have my sympathies.
I think it is not a coincidence that there has been more talk of low-balling on the blog lately. I think you guys will have some help if we can get the word out.
ParticipantNeat article Hip,
“Inventories will continue to balloon until reluctant home owners come to their senses and slash prices.If they do not do it themselves, appraisers, just like Brookstreet Securities’ clearing firm will do it for them.”
We are counting on you BUGS, SDAppraiser! What a role to be in. You all have my sympathies.
I think it is not a coincidence that there has been more talk of low-balling on the blog lately. I think you guys will have some help if we can get the word out.
ParticipantI was very lucky too. Something about “preparation meeting opportunity”. Anyway I am still relatively young.I am aware I could fall on my face tomorrow if I don’t watch my step.That type of concern seems to be lacking in the players that made this Housing bubble.
“I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down..”
It is not unusual for us to need or want to use our assets to live on in old age. They may have had a reverse mortagage. We should try not too be to harsh(or brag too much in my case).We might be in their shoes one day.
Lecture OFF.
ParticipantI was very lucky too. Something about “preparation meeting opportunity”. Anyway I am still relatively young.I am aware I could fall on my face tomorrow if I don’t watch my step.That type of concern seems to be lacking in the players that made this Housing bubble.
“I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down..”
It is not unusual for us to need or want to use our assets to live on in old age. They may have had a reverse mortagage. We should try not too be to harsh(or brag too much in my case).We might be in their shoes one day.
Lecture OFF.
ParticipantBe Careful Not to Insult
“Many buyers attempting to lowball a bid can come off insulting and ridiculous. A home carries a lot of emotional attachment for some people. An unbelievably low offer can seem disrespectful. It can also make a seller give the cold shoulder to any negotiations.”
The offer goes to the listing agent who doesn’t have to present it if they feel it is “Frivolous” If it gets presented then it wasn’t. Nobody comes to your birthday party to tell you what schmuck you are for low-balling their property. Low-balling works best when trying to get a deal, not a house that you are attached to, but the two aren’t necessarily completely mutually exclusive.
Common sense should be the only limitation on the offer. If the owner owes more than the offer,and it is not a short sale, or if the neighborhood is “on fire” as far as sales go it isn’t likely to work. Properties with market time,especially short sales and REO’s should be easier candidates. So should fixers with lots of time on the market.I don’t know what the rest of you think an extreme low-ball is but I don’t think 20% is out of the question for something that meets some of the good candidate criteria,. Just don’t expect to get the first one and there will probably be a counter offer if any response at all(hopefully). The odds of getting the entire low-ball are not always good but it is better than paying anywhere near list and nothing is binding on the counter. 1 page non-binding letter of intent is a good way to start. Some lenders require a “in house” proceedure for offering on Reo or Shortsales so it might be better just to make verbal offers to the listing agent and tell that person to talk to the lenders rep. If they won’t it wasn’t likely to be worth going through the procedure. Its like going fishing.
Disclaimer: It is probably better to wait until the market corrects more first.ParticipantBe Careful Not to Insult
“Many buyers attempting to lowball a bid can come off insulting and ridiculous. A home carries a lot of emotional attachment for some people. An unbelievably low offer can seem disrespectful. It can also make a seller give the cold shoulder to any negotiations.”
The offer goes to the listing agent who doesn’t have to present it if they feel it is “Frivolous” If it gets presented then it wasn’t. Nobody comes to your birthday party to tell you what schmuck you are for low-balling their property. Low-balling works best when trying to get a deal, not a house that you are attached to, but the two aren’t necessarily completely mutually exclusive.
Common sense should be the only limitation on the offer. If the owner owes more than the offer,and it is not a short sale, or if the neighborhood is “on fire” as far as sales go it isn’t likely to work. Properties with market time,especially short sales and REO’s should be easier candidates. So should fixers with lots of time on the market.I don’t know what the rest of you think an extreme low-ball is but I don’t think 20% is out of the question for something that meets some of the good candidate criteria,. Just don’t expect to get the first one and there will probably be a counter offer if any response at all(hopefully). The odds of getting the entire low-ball are not always good but it is better than paying anywhere near list and nothing is binding on the counter. 1 page non-binding letter of intent is a good way to start. Some lenders require a “in house” proceedure for offering on Reo or Shortsales so it might be better just to make verbal offers to the listing agent and tell that person to talk to the lenders rep. If they won’t it wasn’t likely to be worth going through the procedure. Its like going fishing.
Disclaimer: It is probably better to wait until the market corrects more first.ParticipantCritter, Maybe they put the money in good investments over the years? I know lots of super smart people in similiar situations.I bought my house for 90k owed 400k when I sold it for 575k . OOPs forgot to say the difference got me a much better house in a better location for me and my family free and clear. the 90-400k was invested in real estate mostly. Those trips to Spain and Agentina and the cars paid cash for me instead of my landlord were all nice too. Working part time is cool too. Too bad I ran my mortgage up to 400k.Watch out for that avalanche!!!!!!
Yes maybe they have squandered their nest egg. We know lots of people like that too.
ParticipantCritter, Maybe they put the money in good investments over the years? I know lots of super smart people in similiar situations.I bought my house for 90k owed 400k when I sold it for 575k . OOPs forgot to say the difference got me a much better house in a better location for me and my family free and clear. the 90-400k was invested in real estate mostly. Those trips to Spain and Agentina and the cars paid cash for me instead of my landlord were all nice too. Working part time is cool too. Too bad I ran my mortgage up to 400k.Watch out for that avalanche!!!!!!
Yes maybe they have squandered their nest egg. We know lots of people like that too.
ParticipantLK, no offense but count me out the group of piggingtons and a few select catholic children, waiting to see your picture. You can email JG’s wife in my place :).
Take a cold shower JG. It works for us “sinners”.
ParticipantLK, no offense but count me out the group of piggingtons and a few select catholic children, waiting to see your picture. You can email JG’s wife in my place :).
Take a cold shower JG. It works for us “sinners”.
ParticipantGary, I didn’t deliberately avoid your response .I just never saw it until now.Your response to me shows that you are clueless as to what I said and /or that your are inventing things for the sake of being vexatious. It appears your comprehension is at least as flawed as my logic, IMO quite a bit more.
No comment needed.
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