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August 5, 2011 at 6:49 PM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #715477August 5, 2011 at 6:49 PM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #716080
SD Realtor
ParticipantI agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…
We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.
Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.
Here is a bold proclamation made not to long ago.
August 5, 2011 at 6:49 PM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #716232ParticipantI agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…
We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.
Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.
Here is a bold proclamation made not to long ago.
August 5, 2011 at 6:49 PM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #716591ParticipantI agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…
We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.
Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.
Here is a bold proclamation made not to long ago.
Participanttt only applies on a sale not a refi
Participanttt only applies on a sale not a refi
Participanttt only applies on a sale not a refi
Participanttt only applies on a sale not a refi
Participanttt only applies on a sale not a refi
ParticipantThey all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.
I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.
ParticipantThey all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.
I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.
ParticipantThey all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.
I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.
ParticipantThey all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.
I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.
ParticipantThey all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.
I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.
ParticipantIt is gonna be interesting. We all knew there was a catalyst needed for pricing to shift gears. I have always thought it was going to be interest rates and for the most part I still do. That event seemed to be a mirage over the past few years but the inevitable downgrade by Moodys will help to change things. Also what nobody seems to have touched on is once rates do start moving the percent of GDP needed to finance the debt will start to climb faster as old debt is retired at lower rates and then reissued at higher rates. So even though we may be taking measures to help the situation we may find that it is to little to late once rates do rise.
I find that sellers are still in a sense of denial with respect to pricing but it does seem like inventory is building again. I havent checked the stats but people on autosearches are getting much heavier volumes of notifications.
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