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March 25, 2008 at 3:12 PM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176113March 25, 2008 at 3:12 PM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176466
raptorduck
ParticipantDid I hear Hilary correctly on NPR that she wants to set aside $50 billion to buy foreclosed homes for towns in distress that will then be converted to low income housing?
March 25, 2008 at 3:12 PM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176471ParticipantDid I hear Hilary correctly on NPR that she wants to set aside $50 billion to buy foreclosed homes for towns in distress that will then be converted to low income housing?
March 25, 2008 at 3:12 PM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176475ParticipantDid I hear Hilary correctly on NPR that she wants to set aside $50 billion to buy foreclosed homes for towns in distress that will then be converted to low income housing?
March 25, 2008 at 3:12 PM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176566ParticipantDid I hear Hilary correctly on NPR that she wants to set aside $50 billion to buy foreclosed homes for towns in distress that will then be converted to low income housing?
ParticipantIn the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.
ParticipantIn the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.
ParticipantIn the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.
ParticipantIn the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.
ParticipantIn the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.
March 20, 2008 at 10:01 AM in reply to: If an Appraisal came in low while in escrow,what to do? #173737ParticipantIf you wrote your offer with an appraisal contingency, and it does not appraise, you can walk away or ask for a price concession.
Shorts sales are a different animal however, and their unpleasent nature has been well documented on this board. It seems to me that the bank would rather take posession than approve a lower offer, but who knows.
For me, with normal offers, I always worry about appraisal, but if it does not appraise, and if the seller refuses to adjust the price accordingly, I can walk away. You can do that with the short sale too if you had it as a contingency.
March 20, 2008 at 10:01 AM in reply to: If an Appraisal came in low while in escrow,what to do? #174079ParticipantIf you wrote your offer with an appraisal contingency, and it does not appraise, you can walk away or ask for a price concession.
Shorts sales are a different animal however, and their unpleasent nature has been well documented on this board. It seems to me that the bank would rather take posession than approve a lower offer, but who knows.
For me, with normal offers, I always worry about appraisal, but if it does not appraise, and if the seller refuses to adjust the price accordingly, I can walk away. You can do that with the short sale too if you had it as a contingency.
March 20, 2008 at 10:01 AM in reply to: If an Appraisal came in low while in escrow,what to do? #174087ParticipantIf you wrote your offer with an appraisal contingency, and it does not appraise, you can walk away or ask for a price concession.
Shorts sales are a different animal however, and their unpleasent nature has been well documented on this board. It seems to me that the bank would rather take posession than approve a lower offer, but who knows.
For me, with normal offers, I always worry about appraisal, but if it does not appraise, and if the seller refuses to adjust the price accordingly, I can walk away. You can do that with the short sale too if you had it as a contingency.
March 20, 2008 at 10:01 AM in reply to: If an Appraisal came in low while in escrow,what to do? #174097ParticipantIf you wrote your offer with an appraisal contingency, and it does not appraise, you can walk away or ask for a price concession.
Shorts sales are a different animal however, and their unpleasent nature has been well documented on this board. It seems to me that the bank would rather take posession than approve a lower offer, but who knows.
For me, with normal offers, I always worry about appraisal, but if it does not appraise, and if the seller refuses to adjust the price accordingly, I can walk away. You can do that with the short sale too if you had it as a contingency.
March 20, 2008 at 10:01 AM in reply to: If an Appraisal came in low while in escrow,what to do? #174183ParticipantIf you wrote your offer with an appraisal contingency, and it does not appraise, you can walk away or ask for a price concession.
Shorts sales are a different animal however, and their unpleasent nature has been well documented on this board. It seems to me that the bank would rather take posession than approve a lower offer, but who knows.
For me, with normal offers, I always worry about appraisal, but if it does not appraise, and if the seller refuses to adjust the price accordingly, I can walk away. You can do that with the short sale too if you had it as a contingency.
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