Forum Replies Created
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SD Realtor
ParticipantNo we are seeing more flips because there is a TON of money on the sidelines and the opportunity is staggering while the alternatives are few. You can get 1% in a CD, or you can invest in an already overvalued and overbought equities market. Conversely the re market is so thoroughly manipulated and short on inventory that you can take advantage of it if you have the resources and risk tolerance. Even with that there is spec bubble going on that is making flipping dangerous. I think there is a little bit of opportunity left but not much. It will rollover this year I think unless the govt continues to roil the market.
Once interest rates rise and the market craters most of the flippers will be long gone simply because there will be alternate places to park money for a decent return.
ParticipantNo we are seeing more flips because there is a TON of money on the sidelines and the opportunity is staggering while the alternatives are few. You can get 1% in a CD, or you can invest in an already overvalued and overbought equities market. Conversely the re market is so thoroughly manipulated and short on inventory that you can take advantage of it if you have the resources and risk tolerance. Even with that there is spec bubble going on that is making flipping dangerous. I think there is a little bit of opportunity left but not much. It will rollover this year I think unless the govt continues to roil the market.
Once interest rates rise and the market craters most of the flippers will be long gone simply because there will be alternate places to park money for a decent return.
ParticipantNo we are seeing more flips because there is a TON of money on the sidelines and the opportunity is staggering while the alternatives are few. You can get 1% in a CD, or you can invest in an already overvalued and overbought equities market. Conversely the re market is so thoroughly manipulated and short on inventory that you can take advantage of it if you have the resources and risk tolerance. Even with that there is spec bubble going on that is making flipping dangerous. I think there is a little bit of opportunity left but not much. It will rollover this year I think unless the govt continues to roil the market.
Once interest rates rise and the market craters most of the flippers will be long gone simply because there will be alternate places to park money for a decent return.
ParticipantSelf representation is possible but most brokers will not allow it due to liability. Also it doesn’t matter if it is VA, FHA, lender owned, or a private sale, in California the seller pays the commission. So yes if the home is owned by the VA or FHA or FNMA or HUD or Wells Fargo or whoever the commission gets paid. However, once more I don’t know of any large brokerages where a broker would allow that.
Also I guess to me your point is moot because this would apply for any home for anybody. Getting a license isn’t rocket science so anyone can do it. However when they do it the reality of the situation will show them that if it happens it is very very very rare.
ParticipantSelf representation is possible but most brokers will not allow it due to liability. Also it doesn’t matter if it is VA, FHA, lender owned, or a private sale, in California the seller pays the commission. So yes if the home is owned by the VA or FHA or FNMA or HUD or Wells Fargo or whoever the commission gets paid. However, once more I don’t know of any large brokerages where a broker would allow that.
Also I guess to me your point is moot because this would apply for any home for anybody. Getting a license isn’t rocket science so anyone can do it. However when they do it the reality of the situation will show them that if it happens it is very very very rare.
ParticipantSelf representation is possible but most brokers will not allow it due to liability. Also it doesn’t matter if it is VA, FHA, lender owned, or a private sale, in California the seller pays the commission. So yes if the home is owned by the VA or FHA or FNMA or HUD or Wells Fargo or whoever the commission gets paid. However, once more I don’t know of any large brokerages where a broker would allow that.
Also I guess to me your point is moot because this would apply for any home for anybody. Getting a license isn’t rocket science so anyone can do it. However when they do it the reality of the situation will show them that if it happens it is very very very rare.
ParticipantSelf representation is possible but most brokers will not allow it due to liability. Also it doesn’t matter if it is VA, FHA, lender owned, or a private sale, in California the seller pays the commission. So yes if the home is owned by the VA or FHA or FNMA or HUD or Wells Fargo or whoever the commission gets paid. However, once more I don’t know of any large brokerages where a broker would allow that.
Also I guess to me your point is moot because this would apply for any home for anybody. Getting a license isn’t rocket science so anyone can do it. However when they do it the reality of the situation will show them that if it happens it is very very very rare.
ParticipantSelf representation is possible but most brokers will not allow it due to liability. Also it doesn’t matter if it is VA, FHA, lender owned, or a private sale, in California the seller pays the commission. So yes if the home is owned by the VA or FHA or FNMA or HUD or Wells Fargo or whoever the commission gets paid. However, once more I don’t know of any large brokerages where a broker would allow that.
Also I guess to me your point is moot because this would apply for any home for anybody. Getting a license isn’t rocket science so anyone can do it. However when they do it the reality of the situation will show them that if it happens it is very very very rare.
Participantsdr are you familiar with the other listing out on that same street by Watt? I figure you are familiar with him.
Participantsdr are you familiar with the other listing out on that same street by Watt? I figure you are familiar with him.
Participantsdr are you familiar with the other listing out on that same street by Watt? I figure you are familiar with him.
Participantsdr are you familiar with the other listing out on that same street by Watt? I figure you are familiar with him.
Participantsdr are you familiar with the other listing out on that same street by Watt? I figure you are familiar with him.
ParticipantNo it is not true.
The complexities of selling investment owned property that has not seasoned yet are that many lenders will not underwrite them. To date it is not necessarly a FNMA guideline that a property be seasoned for 90 days before an offer can be WRITTEN, but many lenders overlay their own standards and this is one of them.
You can go through some lenders such as SDCCU and perhaps even BofA to see if they will offer you conventional financing for the purchase. If they do not I have a few contacts who we have used to sell our properties that we bought at trustee sale because the buyers own agents couldn’t figure out how to get this done.
Your agent, or shall I say it sounds as if you are working with the listing agent directly should have been able to help you with this.
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