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propertysearchaddiction
ParticipantI had this conversation with a realtor at an open house a few months back. I didn’t like the house, so they got out their listing sheet to show me. I scanned their listings and asked them why they were listing a home at $700,000 when the comps were at $550,000? They said until the bank came back with what they were going to accept, they wanted to list it high so that they wouldn’t have to deal with it until the bank was ready to deal. It came on the market for $625,000 a few weeks ago. And the bank has approved it. It is still active.
In the case in question…I noticed it is listed by Battiata. My realtor said that Battiata does this all the time. They list and get an offer. Then lower the price to try and get more offers to create a bidding war. My realtor said we should just steer clear cuz it isn’t worth trying to work with a short sale listing from them.
ParticipantI had this conversation with a realtor at an open house a few months back. I didn’t like the house, so they got out their listing sheet to show me. I scanned their listings and asked them why they were listing a home at $700,000 when the comps were at $550,000? They said until the bank came back with what they were going to accept, they wanted to list it high so that they wouldn’t have to deal with it until the bank was ready to deal. It came on the market for $625,000 a few weeks ago. And the bank has approved it. It is still active.
In the case in question…I noticed it is listed by Battiata. My realtor said that Battiata does this all the time. They list and get an offer. Then lower the price to try and get more offers to create a bidding war. My realtor said we should just steer clear cuz it isn’t worth trying to work with a short sale listing from them.
ParticipantI had this conversation with a realtor at an open house a few months back. I didn’t like the house, so they got out their listing sheet to show me. I scanned their listings and asked them why they were listing a home at $700,000 when the comps were at $550,000? They said until the bank came back with what they were going to accept, they wanted to list it high so that they wouldn’t have to deal with it until the bank was ready to deal. It came on the market for $625,000 a few weeks ago. And the bank has approved it. It is still active.
In the case in question…I noticed it is listed by Battiata. My realtor said that Battiata does this all the time. They list and get an offer. Then lower the price to try and get more offers to create a bidding war. My realtor said we should just steer clear cuz it isn’t worth trying to work with a short sale listing from them.
ParticipantI had this conversation with a realtor at an open house a few months back. I didn’t like the house, so they got out their listing sheet to show me. I scanned their listings and asked them why they were listing a home at $700,000 when the comps were at $550,000? They said until the bank came back with what they were going to accept, they wanted to list it high so that they wouldn’t have to deal with it until the bank was ready to deal. It came on the market for $625,000 a few weeks ago. And the bank has approved it. It is still active.
In the case in question…I noticed it is listed by Battiata. My realtor said that Battiata does this all the time. They list and get an offer. Then lower the price to try and get more offers to create a bidding war. My realtor said we should just steer clear cuz it isn’t worth trying to work with a short sale listing from them.
ParticipantCreechrr I agree with the fun! I was already sick of the Govt intervention by May. Some of the realtors on this site gave the advice to take the summer off and enjoy it instead of participating in the 50 offer bidding wars. I am so glad I took their advice!
We took 3 trips this summer that were each 10 days. My husband has negative vacation days and it was so worth it. We got to drop the kids off and head to Costa Rica, Brazil, and then to visit family.
UCGal the banks are a joke. Now that we are hunting, I just have to laugh. So this is what I came back to. My list of homes we are interested in has several categories. I’ll give you a rough idea of the numbers.
Active 8
Pending 10
Contingent 15
Bank owned 5
Auction 25
Pre-foreclosure 40
Cyberspace 2
And the last category is my favorite…We love this home but have no idea who owns it. It has been vacant for a LONG time. The tax site has no clue. But I want it. 🙂ParticipantCreechrr I agree with the fun! I was already sick of the Govt intervention by May. Some of the realtors on this site gave the advice to take the summer off and enjoy it instead of participating in the 50 offer bidding wars. I am so glad I took their advice!
We took 3 trips this summer that were each 10 days. My husband has negative vacation days and it was so worth it. We got to drop the kids off and head to Costa Rica, Brazil, and then to visit family.
UCGal the banks are a joke. Now that we are hunting, I just have to laugh. So this is what I came back to. My list of homes we are interested in has several categories. I’ll give you a rough idea of the numbers.
Active 8
Pending 10
Contingent 15
Bank owned 5
Auction 25
Pre-foreclosure 40
Cyberspace 2
And the last category is my favorite…We love this home but have no idea who owns it. It has been vacant for a LONG time. The tax site has no clue. But I want it. 🙂ParticipantCreechrr I agree with the fun! I was already sick of the Govt intervention by May. Some of the realtors on this site gave the advice to take the summer off and enjoy it instead of participating in the 50 offer bidding wars. I am so glad I took their advice!
We took 3 trips this summer that were each 10 days. My husband has negative vacation days and it was so worth it. We got to drop the kids off and head to Costa Rica, Brazil, and then to visit family.
UCGal the banks are a joke. Now that we are hunting, I just have to laugh. So this is what I came back to. My list of homes we are interested in has several categories. I’ll give you a rough idea of the numbers.
Active 8
Pending 10
Contingent 15
Bank owned 5
Auction 25
Pre-foreclosure 40
Cyberspace 2
And the last category is my favorite…We love this home but have no idea who owns it. It has been vacant for a LONG time. The tax site has no clue. But I want it. 🙂ParticipantCreechrr I agree with the fun! I was already sick of the Govt intervention by May. Some of the realtors on this site gave the advice to take the summer off and enjoy it instead of participating in the 50 offer bidding wars. I am so glad I took their advice!
We took 3 trips this summer that were each 10 days. My husband has negative vacation days and it was so worth it. We got to drop the kids off and head to Costa Rica, Brazil, and then to visit family.
UCGal the banks are a joke. Now that we are hunting, I just have to laugh. So this is what I came back to. My list of homes we are interested in has several categories. I’ll give you a rough idea of the numbers.
Active 8
Pending 10
Contingent 15
Bank owned 5
Auction 25
Pre-foreclosure 40
Cyberspace 2
And the last category is my favorite…We love this home but have no idea who owns it. It has been vacant for a LONG time. The tax site has no clue. But I want it. 🙂ParticipantCreechrr I agree with the fun! I was already sick of the Govt intervention by May. Some of the realtors on this site gave the advice to take the summer off and enjoy it instead of participating in the 50 offer bidding wars. I am so glad I took their advice!
We took 3 trips this summer that were each 10 days. My husband has negative vacation days and it was so worth it. We got to drop the kids off and head to Costa Rica, Brazil, and then to visit family.
UCGal the banks are a joke. Now that we are hunting, I just have to laugh. So this is what I came back to. My list of homes we are interested in has several categories. I’ll give you a rough idea of the numbers.
Active 8
Pending 10
Contingent 15
Bank owned 5
Auction 25
Pre-foreclosure 40
Cyberspace 2
And the last category is my favorite…We love this home but have no idea who owns it. It has been vacant for a LONG time. The tax site has no clue. But I want it. 🙂ParticipantI agree with CaRenter
“IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.”Since sports analogies seem to work around here. I would call it a game of momentum. They have so much momentum right now! Just look at the charts Rich posted.
If they announced it right now, the momentum would switch to the other team. The Govt has scored touch down after touch down this year. They are not going to hand over the ball just yet. Especially when everyone is putting in their highest and best to close before Nov 30th.ParticipantI agree with CaRenter
“IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.”Since sports analogies seem to work around here. I would call it a game of momentum. They have so much momentum right now! Just look at the charts Rich posted.
If they announced it right now, the momentum would switch to the other team. The Govt has scored touch down after touch down this year. They are not going to hand over the ball just yet. Especially when everyone is putting in their highest and best to close before Nov 30th.ParticipantI agree with CaRenter
“IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.”Since sports analogies seem to work around here. I would call it a game of momentum. They have so much momentum right now! Just look at the charts Rich posted.
If they announced it right now, the momentum would switch to the other team. The Govt has scored touch down after touch down this year. They are not going to hand over the ball just yet. Especially when everyone is putting in their highest and best to close before Nov 30th.ParticipantI agree with CaRenter
“IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.”Since sports analogies seem to work around here. I would call it a game of momentum. They have so much momentum right now! Just look at the charts Rich posted.
If they announced it right now, the momentum would switch to the other team. The Govt has scored touch down after touch down this year. They are not going to hand over the ball just yet. Especially when everyone is putting in their highest and best to close before Nov 30th.ParticipantI agree with CaRenter
“IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.”Since sports analogies seem to work around here. I would call it a game of momentum. They have so much momentum right now! Just look at the charts Rich posted.
If they announced it right now, the momentum would switch to the other team. The Govt has scored touch down after touch down this year. They are not going to hand over the ball just yet. Especially when everyone is putting in their highest and best to close before Nov 30th. -
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