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SD Realtor
ParticipantCAR the flippers have little if no impact whatsoever on the pricing. Don’t take it from me. Go to any of the sites, fidelity or priority posting and pick any random day of auction. Then look at the number of homes scheduled for sale on that day and then look at the number actually sold. Today for instance there were originally over 350 homes downtown. As of now there are maybe 40 that are even for sale, all the rest are pushed out. By the end of the day maybe of those 40, I bet more then half will be pushed out. Thus out of those 20 left maybe 10 will be bid on.
Honestly the impact of the flippers is much less then people make them out to be. The impact of the banks behavior with the loan mods DWARFS the flipper impact with respect to available inventory.
ParticipantCAR the flippers have little if no impact whatsoever on the pricing. Don’t take it from me. Go to any of the sites, fidelity or priority posting and pick any random day of auction. Then look at the number of homes scheduled for sale on that day and then look at the number actually sold. Today for instance there were originally over 350 homes downtown. As of now there are maybe 40 that are even for sale, all the rest are pushed out. By the end of the day maybe of those 40, I bet more then half will be pushed out. Thus out of those 20 left maybe 10 will be bid on.
Honestly the impact of the flippers is much less then people make them out to be. The impact of the banks behavior with the loan mods DWARFS the flipper impact with respect to available inventory.
ParticipantCAR the flippers have little if no impact whatsoever on the pricing. Don’t take it from me. Go to any of the sites, fidelity or priority posting and pick any random day of auction. Then look at the number of homes scheduled for sale on that day and then look at the number actually sold. Today for instance there were originally over 350 homes downtown. As of now there are maybe 40 that are even for sale, all the rest are pushed out. By the end of the day maybe of those 40, I bet more then half will be pushed out. Thus out of those 20 left maybe 10 will be bid on.
Honestly the impact of the flippers is much less then people make them out to be. The impact of the banks behavior with the loan mods DWARFS the flipper impact with respect to available inventory.
ParticipantPer the confidential remarks about 12k sf usable and the lot size is from the realist report. Also look at the satellite and you can see you are not gonna do anything but have that one home there. The assessors map shows the space across the street is designated open space.
ParticipantPer the confidential remarks about 12k sf usable and the lot size is from the realist report. Also look at the satellite and you can see you are not gonna do anything but have that one home there. The assessors map shows the space across the street is designated open space.
ParticipantPer the confidential remarks about 12k sf usable and the lot size is from the realist report. Also look at the satellite and you can see you are not gonna do anything but have that one home there. The assessors map shows the space across the street is designated open space.
ParticipantPer the confidential remarks about 12k sf usable and the lot size is from the realist report. Also look at the satellite and you can see you are not gonna do anything but have that one home there. The assessors map shows the space across the street is designated open space.
ParticipantPer the confidential remarks about 12k sf usable and the lot size is from the realist report. Also look at the satellite and you can see you are not gonna do anything but have that one home there. The assessors map shows the space across the street is designated open space.
ParticipantCorrect, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
ParticipantCorrect, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
ParticipantCorrect, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
ParticipantCorrect, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
ParticipantCorrect, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
ParticipantCAR this is DEFINITELY not a case of an outlier indicating the whole area will follow suit. Even in the toughest part of the recent dip in 07 and 08 this would have been shaky.
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