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SD Realtor
ParticipantHi csr_sd –
So first off, to answer your question, I do not do alot of searching beyond the MLS. I do have a relationship with my title officer and have access all recordings, NOD, NOT and REO as they are recorded and give help to buyers on that front. However by FAR the majority of homes I find for people are through the MLS.
So from that standpoint, there is not alot of rocket science there.
I think part of the answer to your question also has to do with the experience/ability of the buyer. In that sense an honest realtor is good for them to have for a variety of reasons, including but not limited to being an advocate during the transaction.
Alot of buyers these days use commission rebate providers like Zip, Redfin, and yes (insert shameless plug here) myself. These buyers do alot of work on thier own, do alot of drive bys and justifiably feel that there should be some sort of discount that the realtor receives because of that. I do believe there are realtors out there who are VERY networked and plugged in who do have inside tracks on properties before they hit the MLS or may never make the MLS. I think this is what you were alluding to. I recall one of the many posts where sdrealtor and I were catfighting about full service verses non full service and he pointed out examples in his office where properties never hit the mls because of the contacts between agents in his office. So there is merit in that. I am just a little guy so I cannot boast that sort of contact ability but yes I think that there are top sellers who have more contacts and may indeed be able to provide alternative sources then the MLS. How much? I don’t know.
Hope this was helpful.
ps – I do think that there is a bit of trivializing or not giving enough credit to how helpful a buyers agent can be through the escrow process for a buyer but I think I would be swimming, or typing against the tide so I will not bother going down that road. If you want me to I will, just ask.
SD Realtor
ParticipantHi csr_sd –
So first off, to answer your question, I do not do alot of searching beyond the MLS. I do have a relationship with my title officer and have access all recordings, NOD, NOT and REO as they are recorded and give help to buyers on that front. However by FAR the majority of homes I find for people are through the MLS.
So from that standpoint, there is not alot of rocket science there.
I think part of the answer to your question also has to do with the experience/ability of the buyer. In that sense an honest realtor is good for them to have for a variety of reasons, including but not limited to being an advocate during the transaction.
Alot of buyers these days use commission rebate providers like Zip, Redfin, and yes (insert shameless plug here) myself. These buyers do alot of work on thier own, do alot of drive bys and justifiably feel that there should be some sort of discount that the realtor receives because of that. I do believe there are realtors out there who are VERY networked and plugged in who do have inside tracks on properties before they hit the MLS or may never make the MLS. I think this is what you were alluding to. I recall one of the many posts where sdrealtor and I were catfighting about full service verses non full service and he pointed out examples in his office where properties never hit the mls because of the contacts between agents in his office. So there is merit in that. I am just a little guy so I cannot boast that sort of contact ability but yes I think that there are top sellers who have more contacts and may indeed be able to provide alternative sources then the MLS. How much? I don’t know.
Hope this was helpful.
ps – I do think that there is a bit of trivializing or not giving enough credit to how helpful a buyers agent can be through the escrow process for a buyer but I think I would be swimming, or typing against the tide so I will not bother going down that road. If you want me to I will, just ask.
SD Realtor
ParticipantJimmy –
As you guys are first time homebuyers my advice is that you should definitely NOT max out your purchasing power. As a first time buyer you will most likely be buying another home down the line. Take a long view of the purchase, buy a home you love but that you can also afford. Your home purchase should not stress you out. You should have AT LEAST 6 months cash on the sidelines in case of an emergency. As plentiful as things may be it is blinding how fast large companies implement cost cutting measures when they need to. When that happens layoffs occur. I am not trying to be overly pessimistic but I am just advising you to play it safe and keep an eye on the big picture. By a home you love, by a home that is affordable and will not eat up every penny you have. Buy something that will allow you to continue to fund 401ks, enjoy life and continue to save money and get to work on building or adding to your cash pile. Who knows you may be able to save enough such that in many years down the road, you will not need to sell your home, you can convert it to a rental and buy the next one.
I just would not try to shoot the moon on the first purchase. Also as you know there is no rush right now and Mira Mesa will continue to decline. (assuming MM is where you want to buy at)
SD Realtor
ParticipantJimmy –
As you guys are first time homebuyers my advice is that you should definitely NOT max out your purchasing power. As a first time buyer you will most likely be buying another home down the line. Take a long view of the purchase, buy a home you love but that you can also afford. Your home purchase should not stress you out. You should have AT LEAST 6 months cash on the sidelines in case of an emergency. As plentiful as things may be it is blinding how fast large companies implement cost cutting measures when they need to. When that happens layoffs occur. I am not trying to be overly pessimistic but I am just advising you to play it safe and keep an eye on the big picture. By a home you love, by a home that is affordable and will not eat up every penny you have. Buy something that will allow you to continue to fund 401ks, enjoy life and continue to save money and get to work on building or adding to your cash pile. Who knows you may be able to save enough such that in many years down the road, you will not need to sell your home, you can convert it to a rental and buy the next one.
I just would not try to shoot the moon on the first purchase. Also as you know there is no rush right now and Mira Mesa will continue to decline. (assuming MM is where you want to buy at)
SD Realtor
ParticipantJimmy –
As you guys are first time homebuyers my advice is that you should definitely NOT max out your purchasing power. As a first time buyer you will most likely be buying another home down the line. Take a long view of the purchase, buy a home you love but that you can also afford. Your home purchase should not stress you out. You should have AT LEAST 6 months cash on the sidelines in case of an emergency. As plentiful as things may be it is blinding how fast large companies implement cost cutting measures when they need to. When that happens layoffs occur. I am not trying to be overly pessimistic but I am just advising you to play it safe and keep an eye on the big picture. By a home you love, by a home that is affordable and will not eat up every penny you have. Buy something that will allow you to continue to fund 401ks, enjoy life and continue to save money and get to work on building or adding to your cash pile. Who knows you may be able to save enough such that in many years down the road, you will not need to sell your home, you can convert it to a rental and buy the next one.
I just would not try to shoot the moon on the first purchase. Also as you know there is no rush right now and Mira Mesa will continue to decline. (assuming MM is where you want to buy at)
SD Realtor
ParticipantJimmy –
As you guys are first time homebuyers my advice is that you should definitely NOT max out your purchasing power. As a first time buyer you will most likely be buying another home down the line. Take a long view of the purchase, buy a home you love but that you can also afford. Your home purchase should not stress you out. You should have AT LEAST 6 months cash on the sidelines in case of an emergency. As plentiful as things may be it is blinding how fast large companies implement cost cutting measures when they need to. When that happens layoffs occur. I am not trying to be overly pessimistic but I am just advising you to play it safe and keep an eye on the big picture. By a home you love, by a home that is affordable and will not eat up every penny you have. Buy something that will allow you to continue to fund 401ks, enjoy life and continue to save money and get to work on building or adding to your cash pile. Who knows you may be able to save enough such that in many years down the road, you will not need to sell your home, you can convert it to a rental and buy the next one.
I just would not try to shoot the moon on the first purchase. Also as you know there is no rush right now and Mira Mesa will continue to decline. (assuming MM is where you want to buy at)
SD Realtor
ParticipantSan Raphael. They bought it for 815 at 100% back in September of 06. Looks like if they are gonna sell it it will be short. I saw another distressed home in there a few weeks back. Never followed up to see if it went to foreclosure or not.
SD Realtor
ParticipantSan Raphael. They bought it for 815 at 100% back in September of 06. Looks like if they are gonna sell it it will be short. I saw another distressed home in there a few weeks back. Never followed up to see if it went to foreclosure or not.
SD Realtor
ParticipantSan Raphael. They bought it for 815 at 100% back in September of 06. Looks like if they are gonna sell it it will be short. I saw another distressed home in there a few weeks back. Never followed up to see if it went to foreclosure or not.
SD Realtor
ParticipantSan Raphael. They bought it for 815 at 100% back in September of 06. Looks like if they are gonna sell it it will be short. I saw another distressed home in there a few weeks back. Never followed up to see if it went to foreclosure or not.
SD Realtor
ParticipantYes that is correct, I did do my search by putting the subdivision in and searching on that text string. As I said, I do not know much about the subdivision nor do I know all of the streets in the subdivision so it would not make sense for me to do a street search would it? For all I know there also could have been more cancelled/expireds/withdrawns on other streets within that subdivision but where the realtor didn’t put in the subdivision name so how am I to do the search if I do not know the boundaries? Surely you wouldn’t suggest doing a street search on every street in the subdivision would you?
If we are going to nitpick each other then let’s cover all the bases shall we?
As far as putting a label on 2003 pricing I do agree with your statement 100%. 2003 may be one of the wildest years ever for socal real estate and the disparity for early 03 verses late 03 is quite substantial.
SD Realtor
ParticipantYes that is correct, I did do my search by putting the subdivision in and searching on that text string. As I said, I do not know much about the subdivision nor do I know all of the streets in the subdivision so it would not make sense for me to do a street search would it? For all I know there also could have been more cancelled/expireds/withdrawns on other streets within that subdivision but where the realtor didn’t put in the subdivision name so how am I to do the search if I do not know the boundaries? Surely you wouldn’t suggest doing a street search on every street in the subdivision would you?
If we are going to nitpick each other then let’s cover all the bases shall we?
As far as putting a label on 2003 pricing I do agree with your statement 100%. 2003 may be one of the wildest years ever for socal real estate and the disparity for early 03 verses late 03 is quite substantial.
SD Realtor
ParticipantYes that is correct, I did do my search by putting the subdivision in and searching on that text string. As I said, I do not know much about the subdivision nor do I know all of the streets in the subdivision so it would not make sense for me to do a street search would it? For all I know there also could have been more cancelled/expireds/withdrawns on other streets within that subdivision but where the realtor didn’t put in the subdivision name so how am I to do the search if I do not know the boundaries? Surely you wouldn’t suggest doing a street search on every street in the subdivision would you?
If we are going to nitpick each other then let’s cover all the bases shall we?
As far as putting a label on 2003 pricing I do agree with your statement 100%. 2003 may be one of the wildest years ever for socal real estate and the disparity for early 03 verses late 03 is quite substantial.
SD Realtor
ParticipantYes that is correct, I did do my search by putting the subdivision in and searching on that text string. As I said, I do not know much about the subdivision nor do I know all of the streets in the subdivision so it would not make sense for me to do a street search would it? For all I know there also could have been more cancelled/expireds/withdrawns on other streets within that subdivision but where the realtor didn’t put in the subdivision name so how am I to do the search if I do not know the boundaries? Surely you wouldn’t suggest doing a street search on every street in the subdivision would you?
If we are going to nitpick each other then let’s cover all the bases shall we?
As far as putting a label on 2003 pricing I do agree with your statement 100%. 2003 may be one of the wildest years ever for socal real estate and the disparity for early 03 verses late 03 is quite substantial.
SD Realtor
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