Forum Replies Created
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SD Realtor
ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
ParticipantAgain I think the original statement is made entirely because people do not understand the secondary market.
Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates. The actual value of a note changes daily so making statements like what was made above are done because people don’t understand the basics of note trading. To think the value of a note on the day a mortgage is originated stays the same as the bond market fluctuates daily is a simple lack of knowledge.
This is understandable.
ParticipantAgain I think the original statement is made entirely because people do not understand the secondary market.
Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates. The actual value of a note changes daily so making statements like what was made above are done because people don’t understand the basics of note trading. To think the value of a note on the day a mortgage is originated stays the same as the bond market fluctuates daily is a simple lack of knowledge.
This is understandable.
ParticipantAgain I think the original statement is made entirely because people do not understand the secondary market.
Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates. The actual value of a note changes daily so making statements like what was made above are done because people don’t understand the basics of note trading. To think the value of a note on the day a mortgage is originated stays the same as the bond market fluctuates daily is a simple lack of knowledge.
This is understandable.
ParticipantAgain I think the original statement is made entirely because people do not understand the secondary market.
Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates. The actual value of a note changes daily so making statements like what was made above are done because people don’t understand the basics of note trading. To think the value of a note on the day a mortgage is originated stays the same as the bond market fluctuates daily is a simple lack of knowledge.
This is understandable.
ParticipantAgain I think the original statement is made entirely because people do not understand the secondary market.
Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates. The actual value of a note changes daily so making statements like what was made above are done because people don’t understand the basics of note trading. To think the value of a note on the day a mortgage is originated stays the same as the bond market fluctuates daily is a simple lack of knowledge.
This is understandable.
ParticipantOwning a home is not a basic need and to classify it in the same breathe as air, water, food, even freedom is a joke.
Once more to place arbitrary restrictions on markets such as home ownership does not solve basic problems due to differentials in wealth.
You can apply your same line of reasoning to cars, to jobs, to food, to water, to anything. Carrying your logic to a not so unreasonable conclusion would imply everyone should have access to everything no matter what they have accomplished in life.
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