Forum Replies Created
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SD Realtor
ParticipantYou have not given any reason why the complex is cash only. Generally in situations like this the market conditions have nothing to do with the ability to finance. There is or has been some sort of building defect and/or litigation. Chances are that all deals in this complex in this complex have been and will continue to be cash only deal. I personally don’t understand why anyone would want to tie up a large chunk of cash when financing is so cheap but to each his own. If you can cash flow with a nice cash on cash return then go for it if it works for you. However understand that the liquidity of that cash tied up in the condo is very limited.
ParticipantYou have not given any reason why the complex is cash only. Generally in situations like this the market conditions have nothing to do with the ability to finance. There is or has been some sort of building defect and/or litigation. Chances are that all deals in this complex in this complex have been and will continue to be cash only deal. I personally don’t understand why anyone would want to tie up a large chunk of cash when financing is so cheap but to each his own. If you can cash flow with a nice cash on cash return then go for it if it works for you. However understand that the liquidity of that cash tied up in the condo is very limited.
ParticipantYou have not given any reason why the complex is cash only. Generally in situations like this the market conditions have nothing to do with the ability to finance. There is or has been some sort of building defect and/or litigation. Chances are that all deals in this complex in this complex have been and will continue to be cash only deal. I personally don’t understand why anyone would want to tie up a large chunk of cash when financing is so cheap but to each his own. If you can cash flow with a nice cash on cash return then go for it if it works for you. However understand that the liquidity of that cash tied up in the condo is very limited.
ParticipantIt is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
Anyways to the original poster, best of luck…
ParticipantIt is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
Anyways to the original poster, best of luck…
ParticipantIt is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
Anyways to the original poster, best of luck…
ParticipantIt is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
Anyways to the original poster, best of luck…
ParticipantIt is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
Anyways to the original poster, best of luck…
ParticipantI don’t think it really matters what any of our opinions are about why the prices have gone up does it? Have your realtor do a comprehensive analysis of the area, and if possible the floorplan you want. If the comps are significantly lower then there is a high probability that the properties that are for sale will eventually come down in price. They issue at hand is that you will simply have to wait them out. Homes that ask for significantly more then the recent valuations will have a hard time getting appraised.
The biggest issue is that sellers are frequently in denial about the sales price. A realtor can show them comps until they are blue in the face but most all sellers do not realize the true reality of the situation until they sit on the market a few months and then it finally hits them. Even when that happens many of them figure to wait until the next year and then try again.
Similarly when one home is overpriced, the next seller entering the market feels he can ask for the same overpriced value… it is kind of like a virus. It never helps when realtors pacify the sellers by telling them yes they think they can get that overpriced sale done simply to get the listing but that is commonplace.
Your best strategy is to wait or try to submit offers that are in line with the comps. Some sellers do see the light when a reasonable offer is submitted that is backed up with valid comp data. Not many though.
ParticipantI don’t think it really matters what any of our opinions are about why the prices have gone up does it? Have your realtor do a comprehensive analysis of the area, and if possible the floorplan you want. If the comps are significantly lower then there is a high probability that the properties that are for sale will eventually come down in price. They issue at hand is that you will simply have to wait them out. Homes that ask for significantly more then the recent valuations will have a hard time getting appraised.
The biggest issue is that sellers are frequently in denial about the sales price. A realtor can show them comps until they are blue in the face but most all sellers do not realize the true reality of the situation until they sit on the market a few months and then it finally hits them. Even when that happens many of them figure to wait until the next year and then try again.
Similarly when one home is overpriced, the next seller entering the market feels he can ask for the same overpriced value… it is kind of like a virus. It never helps when realtors pacify the sellers by telling them yes they think they can get that overpriced sale done simply to get the listing but that is commonplace.
Your best strategy is to wait or try to submit offers that are in line with the comps. Some sellers do see the light when a reasonable offer is submitted that is backed up with valid comp data. Not many though.
ParticipantI don’t think it really matters what any of our opinions are about why the prices have gone up does it? Have your realtor do a comprehensive analysis of the area, and if possible the floorplan you want. If the comps are significantly lower then there is a high probability that the properties that are for sale will eventually come down in price. They issue at hand is that you will simply have to wait them out. Homes that ask for significantly more then the recent valuations will have a hard time getting appraised.
The biggest issue is that sellers are frequently in denial about the sales price. A realtor can show them comps until they are blue in the face but most all sellers do not realize the true reality of the situation until they sit on the market a few months and then it finally hits them. Even when that happens many of them figure to wait until the next year and then try again.
Similarly when one home is overpriced, the next seller entering the market feels he can ask for the same overpriced value… it is kind of like a virus. It never helps when realtors pacify the sellers by telling them yes they think they can get that overpriced sale done simply to get the listing but that is commonplace.
Your best strategy is to wait or try to submit offers that are in line with the comps. Some sellers do see the light when a reasonable offer is submitted that is backed up with valid comp data. Not many though.
ParticipantI don’t think it really matters what any of our opinions are about why the prices have gone up does it? Have your realtor do a comprehensive analysis of the area, and if possible the floorplan you want. If the comps are significantly lower then there is a high probability that the properties that are for sale will eventually come down in price. They issue at hand is that you will simply have to wait them out. Homes that ask for significantly more then the recent valuations will have a hard time getting appraised.
The biggest issue is that sellers are frequently in denial about the sales price. A realtor can show them comps until they are blue in the face but most all sellers do not realize the true reality of the situation until they sit on the market a few months and then it finally hits them. Even when that happens many of them figure to wait until the next year and then try again.
Similarly when one home is overpriced, the next seller entering the market feels he can ask for the same overpriced value… it is kind of like a virus. It never helps when realtors pacify the sellers by telling them yes they think they can get that overpriced sale done simply to get the listing but that is commonplace.
Your best strategy is to wait or try to submit offers that are in line with the comps. Some sellers do see the light when a reasonable offer is submitted that is backed up with valid comp data. Not many though.
ParticipantI don’t think it really matters what any of our opinions are about why the prices have gone up does it? Have your realtor do a comprehensive analysis of the area, and if possible the floorplan you want. If the comps are significantly lower then there is a high probability that the properties that are for sale will eventually come down in price. They issue at hand is that you will simply have to wait them out. Homes that ask for significantly more then the recent valuations will have a hard time getting appraised.
The biggest issue is that sellers are frequently in denial about the sales price. A realtor can show them comps until they are blue in the face but most all sellers do not realize the true reality of the situation until they sit on the market a few months and then it finally hits them. Even when that happens many of them figure to wait until the next year and then try again.
Similarly when one home is overpriced, the next seller entering the market feels he can ask for the same overpriced value… it is kind of like a virus. It never helps when realtors pacify the sellers by telling them yes they think they can get that overpriced sale done simply to get the listing but that is commonplace.
Your best strategy is to wait or try to submit offers that are in line with the comps. Some sellers do see the light when a reasonable offer is submitted that is backed up with valid comp data. Not many though.
ParticipantGotcha… I guess you can try to put the screws to your realtor and come up with some comps that they didn’t send you and then tell them to come clean with a complete set of comps.
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