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SD Realtor
ParticipantOnly if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.
SD Realtor
ParticipantOnly if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.
SD Realtor
ParticipantOnly if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.
SD Realtor
ParticipantWhen you say you talked to the sales agent I take it to mean you spoke directly to the listing agent who is listing the home? If so then yes that agent will have a complete history of what went on AND what the negotiator for the short sale has been told by the investors with regards to price or bottom line. Additionally that agent should also know if there is a trustee sale date established already and when it is.
Should you submit an offer low? Depends on how badly you want the home. If you want it really badly then you may want to reconsider. If you are just so so and you like it but not love it then go ahead and fire in a lowball offer. If the offer is so low that the listing agent knows the negotiator will punt it, then they will not submit it as they will consider it a waste of time because submitting a short sale package can be a chore and at times resets the process.
SD Realtor
ParticipantWhen you say you talked to the sales agent I take it to mean you spoke directly to the listing agent who is listing the home? If so then yes that agent will have a complete history of what went on AND what the negotiator for the short sale has been told by the investors with regards to price or bottom line. Additionally that agent should also know if there is a trustee sale date established already and when it is.
Should you submit an offer low? Depends on how badly you want the home. If you want it really badly then you may want to reconsider. If you are just so so and you like it but not love it then go ahead and fire in a lowball offer. If the offer is so low that the listing agent knows the negotiator will punt it, then they will not submit it as they will consider it a waste of time because submitting a short sale package can be a chore and at times resets the process.
SD Realtor
ParticipantWhen you say you talked to the sales agent I take it to mean you spoke directly to the listing agent who is listing the home? If so then yes that agent will have a complete history of what went on AND what the negotiator for the short sale has been told by the investors with regards to price or bottom line. Additionally that agent should also know if there is a trustee sale date established already and when it is.
Should you submit an offer low? Depends on how badly you want the home. If you want it really badly then you may want to reconsider. If you are just so so and you like it but not love it then go ahead and fire in a lowball offer. If the offer is so low that the listing agent knows the negotiator will punt it, then they will not submit it as they will consider it a waste of time because submitting a short sale package can be a chore and at times resets the process.
SD Realtor
ParticipantWhen you say you talked to the sales agent I take it to mean you spoke directly to the listing agent who is listing the home? If so then yes that agent will have a complete history of what went on AND what the negotiator for the short sale has been told by the investors with regards to price or bottom line. Additionally that agent should also know if there is a trustee sale date established already and when it is.
Should you submit an offer low? Depends on how badly you want the home. If you want it really badly then you may want to reconsider. If you are just so so and you like it but not love it then go ahead and fire in a lowball offer. If the offer is so low that the listing agent knows the negotiator will punt it, then they will not submit it as they will consider it a waste of time because submitting a short sale package can be a chore and at times resets the process.
SD Realtor
ParticipantWhen you say you talked to the sales agent I take it to mean you spoke directly to the listing agent who is listing the home? If so then yes that agent will have a complete history of what went on AND what the negotiator for the short sale has been told by the investors with regards to price or bottom line. Additionally that agent should also know if there is a trustee sale date established already and when it is.
Should you submit an offer low? Depends on how badly you want the home. If you want it really badly then you may want to reconsider. If you are just so so and you like it but not love it then go ahead and fire in a lowball offer. If the offer is so low that the listing agent knows the negotiator will punt it, then they will not submit it as they will consider it a waste of time because submitting a short sale package can be a chore and at times resets the process.
January 6, 2011 at 8:48 PM in reply to: Question for SD Realtor or any other trustee sale experts…. #648602SD Realtor
Participantbg in addition to not wanting to get stuck with any tax penalties the lenders will pay the taxes as they are subordinate to the taxman.
January 6, 2011 at 8:48 PM in reply to: Question for SD Realtor or any other trustee sale experts…. #648673SD Realtor
Participantbg in addition to not wanting to get stuck with any tax penalties the lenders will pay the taxes as they are subordinate to the taxman.
January 6, 2011 at 8:48 PM in reply to: Question for SD Realtor or any other trustee sale experts…. #649259SD Realtor
Participantbg in addition to not wanting to get stuck with any tax penalties the lenders will pay the taxes as they are subordinate to the taxman.
January 6, 2011 at 8:48 PM in reply to: Question for SD Realtor or any other trustee sale experts…. #649396SD Realtor
Participantbg in addition to not wanting to get stuck with any tax penalties the lenders will pay the taxes as they are subordinate to the taxman.
January 6, 2011 at 8:48 PM in reply to: Question for SD Realtor or any other trustee sale experts…. #649721SD Realtor
Participantbg in addition to not wanting to get stuck with any tax penalties the lenders will pay the taxes as they are subordinate to the taxman.
January 6, 2011 at 7:58 PM in reply to: Made offer on short sale, might be foreclosed on tomorrow…. #648582SD Realtor
ParticipantWell it is up to the listing agent to check with the short sale negotiator to see if the trustee sale was postponed. You will know tomorrow. Keep your fingers crossed.
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