[SD Realtor]

Gotcha… 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.

[SD Realtor]

Gotcha… 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.

[SD Realtor]

Gotcha… 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.

[SD Realtor]

Gotcha… 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.

[SD Realtor]

Deadzone to me the issue to buy or not to buy simply boils down to a personal choice. Anyone who buys because everyone around them is buying is doing so for the wrong reason. I could not put a number on it, but for most married couples, the choice to buy is made because one of the spouses wants a house plain and simple. So it is done in the name of harmony. I am not saying this is right or wrong, however it just is. Sales are down because inventory sucks and because homes are overpriced. They are not down because buyers have left the market. Buyers are frustrated with the market. Banks are still overpricing REOs and being stubborn with short sale approvals and quibbling over pricing. This has led to much longer shopping times for buyers.

Will this crater the market? No. Will this lead to a long slogging sort of market? Yes.

However to get the affect you are looking for that will really shake things down, the rates WILL do the trick. Note also that this holds true for generic homes in the 400k – 800k range depending on the neighborhood. When you get into the higher end stuff, it holds true as well but is stickier.

[SD Realtor]

Deadzone to me the issue to buy or not to buy simply boils down to a personal choice. Anyone who buys because everyone around them is buying is doing so for the wrong reason. I could not put a number on it, but for most married couples, the choice to buy is made because one of the spouses wants a house plain and simple. So it is done in the name of harmony. I am not saying this is right or wrong, however it just is. Sales are down because inventory sucks and because homes are overpriced. They are not down because buyers have left the market. Buyers are frustrated with the market. Banks are still overpricing REOs and being stubborn with short sale approvals and quibbling over pricing. This has led to much longer shopping times for buyers.

Will this crater the market? No. Will this lead to a long slogging sort of market? Yes.

However to get the affect you are looking for that will really shake things down, the rates WILL do the trick. Note also that this holds true for generic homes in the 400k – 800k range depending on the neighborhood. When you get into the higher end stuff, it holds true as well but is stickier.

[SD Realtor]

Deadzone to me the issue to buy or not to buy simply boils down to a personal choice. Anyone who buys because everyone around them is buying is doing so for the wrong reason. I could not put a number on it, but for most married couples, the choice to buy is made because one of the spouses wants a house plain and simple. So it is done in the name of harmony. I am not saying this is right or wrong, however it just is. Sales are down because inventory sucks and because homes are overpriced. They are not down because buyers have left the market. Buyers are frustrated with the market. Banks are still overpricing REOs and being stubborn with short sale approvals and quibbling over pricing. This has led to much longer shopping times for buyers.

Will this crater the market? No. Will this lead to a long slogging sort of market? Yes.

However to get the affect you are looking for that will really shake things down, the rates WILL do the trick. Note also that this holds true for generic homes in the 400k – 800k range depending on the neighborhood. When you get into the higher end stuff, it holds true as well but is stickier.

[SD Realtor]

Deadzone to me the issue to buy or not to buy simply boils down to a personal choice. Anyone who buys because everyone around them is buying is doing so for the wrong reason. I could not put a number on it, but for most married couples, the choice to buy is made because one of the spouses wants a house plain and simple. So it is done in the name of harmony. I am not saying this is right or wrong, however it just is. Sales are down because inventory sucks and because homes are overpriced. They are not down because buyers have left the market. Buyers are frustrated with the market. Banks are still overpricing REOs and being stubborn with short sale approvals and quibbling over pricing. This has led to much longer shopping times for buyers.

Will this crater the market? No. Will this lead to a long slogging sort of market? Yes.

However to get the affect you are looking for that will really shake things down, the rates WILL do the trick. Note also that this holds true for generic homes in the 400k – 800k range depending on the neighborhood. When you get into the higher end stuff, it holds true as well but is stickier.

[SD Realtor]

Deadzone to me the issue to buy or not to buy simply boils down to a personal choice. Anyone who buys because everyone around them is buying is doing so for the wrong reason. I could not put a number on it, but for most married couples, the choice to buy is made because one of the spouses wants a house plain and simple. So it is done in the name of harmony. I am not saying this is right or wrong, however it just is. Sales are down because inventory sucks and because homes are overpriced. They are not down because buyers have left the market. Buyers are frustrated with the market. Banks are still overpricing REOs and being stubborn with short sale approvals and quibbling over pricing. This has led to much longer shopping times for buyers.

Will this crater the market? No. Will this lead to a long slogging sort of market? Yes.

However to get the affect you are looking for that will really shake things down, the rates WILL do the trick. Note also that this holds true for generic homes in the 400k – 800k range depending on the neighborhood. When you get into the higher end stuff, it holds true as well but is stickier.

[SD Realtor]

Dr Boom what the real estate industry says and does is something that I do not really care about. Read my posts and you will see that I am quite consistent in the facts. Those being that real estate in San Diego is still overpriced and that in my opinion there is more downside left. How much more is simply going to depend on interest rates. It is not that hard to figure out.

However taking a stand that the prices will go down because there is or will be a lack of organic buyers is a foolish approach. Organic buyers are there for many reasons whether it is similar to your own reason for buying, or for moving up, or for relocating or for whatever.

People have selected to buy for all sorts of reasons. There is not an argument of whether the asset will depreciate. There is an argument of how many of them tied up cash verses financing. There is no argument though that with regards to those who are (or were Piggs) that they did not understand the risks. True many of them weigh the risks differently, however they are not prone to to listen to the drone of the real estate complex.

As for the monthly payment, it goes without saying that it is all inclusive. I give the readers of this site credit enough to figure out that a monthly payment includes PITI and any other owner expense that is essentially recurring. I will say that it is my experience that yes, people do care more about the payment then the price. Of course it is a no brainer to buy the lower priced home at the higher rate. Not much rocket science there. The only problem is that the timeline is not mutually shared by all individuals.

[SD Realtor]

Dr Boom what the real estate industry says and does is something that I do not really care about. Read my posts and you will see that I am quite consistent in the facts. Those being that real estate in San Diego is still overpriced and that in my opinion there is more downside left. How much more is simply going to depend on interest rates. It is not that hard to figure out.

However taking a stand that the prices will go down because there is or will be a lack of organic buyers is a foolish approach. Organic buyers are there for many reasons whether it is similar to your own reason for buying, or for moving up, or for relocating or for whatever.

People have selected to buy for all sorts of reasons. There is not an argument of whether the asset will depreciate. There is an argument of how many of them tied up cash verses financing. There is no argument though that with regards to those who are (or were Piggs) that they did not understand the risks. True many of them weigh the risks differently, however they are not prone to to listen to the drone of the real estate complex.

As for the monthly payment, it goes without saying that it is all inclusive. I give the readers of this site credit enough to figure out that a monthly payment includes PITI and any other owner expense that is essentially recurring. I will say that it is my experience that yes, people do care more about the payment then the price. Of course it is a no brainer to buy the lower priced home at the higher rate. Not much rocket science there. The only problem is that the timeline is not mutually shared by all individuals.

[SD Realtor]

Dr Boom what the real estate industry says and does is something that I do not really care about. Read my posts and you will see that I am quite consistent in the facts. Those being that real estate in San Diego is still overpriced and that in my opinion there is more downside left. How much more is simply going to depend on interest rates. It is not that hard to figure out.

However taking a stand that the prices will go down because there is or will be a lack of organic buyers is a foolish approach. Organic buyers are there for many reasons whether it is similar to your own reason for buying, or for moving up, or for relocating or for whatever.

People have selected to buy for all sorts of reasons. There is not an argument of whether the asset will depreciate. There is an argument of how many of them tied up cash verses financing. There is no argument though that with regards to those who are (or were Piggs) that they did not understand the risks. True many of them weigh the risks differently, however they are not prone to to listen to the drone of the real estate complex.

As for the monthly payment, it goes without saying that it is all inclusive. I give the readers of this site credit enough to figure out that a monthly payment includes PITI and any other owner expense that is essentially recurring. I will say that it is my experience that yes, people do care more about the payment then the price. Of course it is a no brainer to buy the lower priced home at the higher rate. Not much rocket science there. The only problem is that the timeline is not mutually shared by all individuals.

[SD Realtor]

Dr Boom what the real estate industry says and does is something that I do not really care about. Read my posts and you will see that I am quite consistent in the facts. Those being that real estate in San Diego is still overpriced and that in my opinion there is more downside left. How much more is simply going to depend on interest rates. It is not that hard to figure out.

However taking a stand that the prices will go down because there is or will be a lack of organic buyers is a foolish approach. Organic buyers are there for many reasons whether it is similar to your own reason for buying, or for moving up, or for relocating or for whatever.

People have selected to buy for all sorts of reasons. There is not an argument of whether the asset will depreciate. There is an argument of how many of them tied up cash verses financing. There is no argument though that with regards to those who are (or were Piggs) that they did not understand the risks. True many of them weigh the risks differently, however they are not prone to to listen to the drone of the real estate complex.

As for the monthly payment, it goes without saying that it is all inclusive. I give the readers of this site credit enough to figure out that a monthly payment includes PITI and any other owner expense that is essentially recurring. I will say that it is my experience that yes, people do care more about the payment then the price. Of course it is a no brainer to buy the lower priced home at the higher rate. Not much rocket science there. The only problem is that the timeline is not mutually shared by all individuals.

[SD Realtor]

Dr Boom what the real estate industry says and does is something that I do not really care about. Read my posts and you will see that I am quite consistent in the facts. Those being that real estate in San Diego is still overpriced and that in my opinion there is more downside left. How much more is simply going to depend on interest rates. It is not that hard to figure out.

However taking a stand that the prices will go down because there is or will be a lack of organic buyers is a foolish approach. Organic buyers are there for many reasons whether it is similar to your own reason for buying, or for moving up, or for relocating or for whatever.

People have selected to buy for all sorts of reasons. There is not an argument of whether the asset will depreciate. There is an argument of how many of them tied up cash verses financing. There is no argument though that with regards to those who are (or were Piggs) that they did not understand the risks. True many of them weigh the risks differently, however they are not prone to to listen to the drone of the real estate complex.

As for the monthly payment, it goes without saying that it is all inclusive. I give the readers of this site credit enough to figure out that a monthly payment includes PITI and any other owner expense that is essentially recurring. I will say that it is my experience that yes, people do care more about the payment then the price. Of course it is a no brainer to buy the lower priced home at the higher rate. Not much rocket science there. The only problem is that the timeline is not mutually shared by all individuals.

[SD Realtor]

Good question. For the most part, the condition of the comparable property when evaluating comps is what is most important. It doesn’t matter if the comparable is a short sale, reo, or any form of distress. Now I am a realtor not an appraiser and your question is better suited for an appraiser.

With that said however, there can be an argument made that the distress sales were sold below market value simply due to a more motivated seller. From your aspect as a buyer though, I would try to play the card that unless the property had some damage to it or was in poor condition, then comps are equal. Getting a seller to see that is more then a little challenging in this still somewhat delusional market.

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