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SD Realtor
ParticipantHi Nicole –
Sick in bed today…
Actually you do have a broker. The realtor who is representing you works for a broker. This is the broker I was referring to. Don’t confuse the financing process with the real estate process. So you are financing through the credit union. Understood.
Again, your realtor works for a broker. Concerns such as yours should go directly to the broker if you are indeed not happy or anxious about what is going on. Have your broker thoroughly review the contingency removal process and why your contingencies should remain in place due to what you have posted. Make sure any addendums are properly signed to extend the contingencies. Again, if something goes wrong with the transaction, the broker is liable so it will be in his best interest to make sure you are serviced correctly. Unless he is a poor broker. Also since you are under contract with him, it really would not be proper for any other realtor or broker to interact or review docs for you. I got my hands slapped here (rightfully so) for offering that up.
Anyways go to the broker first, or ask hubby to, then measure the situation. If you still are not comfortable then call an attorney.
SD Realtor
ParticipantHi Nicole –
Sick in bed today…
Actually you do have a broker. The realtor who is representing you works for a broker. This is the broker I was referring to. Don’t confuse the financing process with the real estate process. So you are financing through the credit union. Understood.
Again, your realtor works for a broker. Concerns such as yours should go directly to the broker if you are indeed not happy or anxious about what is going on. Have your broker thoroughly review the contingency removal process and why your contingencies should remain in place due to what you have posted. Make sure any addendums are properly signed to extend the contingencies. Again, if something goes wrong with the transaction, the broker is liable so it will be in his best interest to make sure you are serviced correctly. Unless he is a poor broker. Also since you are under contract with him, it really would not be proper for any other realtor or broker to interact or review docs for you. I got my hands slapped here (rightfully so) for offering that up.
Anyways go to the broker first, or ask hubby to, then measure the situation. If you still are not comfortable then call an attorney.
SD Realtor
ParticipantHi Nicole –
Sick in bed today…
Actually you do have a broker. The realtor who is representing you works for a broker. This is the broker I was referring to. Don’t confuse the financing process with the real estate process. So you are financing through the credit union. Understood.
Again, your realtor works for a broker. Concerns such as yours should go directly to the broker if you are indeed not happy or anxious about what is going on. Have your broker thoroughly review the contingency removal process and why your contingencies should remain in place due to what you have posted. Make sure any addendums are properly signed to extend the contingencies. Again, if something goes wrong with the transaction, the broker is liable so it will be in his best interest to make sure you are serviced correctly. Unless he is a poor broker. Also since you are under contract with him, it really would not be proper for any other realtor or broker to interact or review docs for you. I got my hands slapped here (rightfully so) for offering that up.
Anyways go to the broker first, or ask hubby to, then measure the situation. If you still are not comfortable then call an attorney.
SD Realtor
ParticipantHi Nicole –
Sick in bed today…
Actually you do have a broker. The realtor who is representing you works for a broker. This is the broker I was referring to. Don’t confuse the financing process with the real estate process. So you are financing through the credit union. Understood.
Again, your realtor works for a broker. Concerns such as yours should go directly to the broker if you are indeed not happy or anxious about what is going on. Have your broker thoroughly review the contingency removal process and why your contingencies should remain in place due to what you have posted. Make sure any addendums are properly signed to extend the contingencies. Again, if something goes wrong with the transaction, the broker is liable so it will be in his best interest to make sure you are serviced correctly. Unless he is a poor broker. Also since you are under contract with him, it really would not be proper for any other realtor or broker to interact or review docs for you. I got my hands slapped here (rightfully so) for offering that up.
Anyways go to the broker first, or ask hubby to, then measure the situation. If you still are not comfortable then call an attorney.
SD Realtor
ParticipantYeah I know you have taken a beating on this site but I admire you for hanging in there. I did note that your post did not call for a bottom or anything of the sorts. I guess we all have our own bias when we read peoples posts. I find that my posts never seem to correctly display my intent many times as well.
One thing that concerns me about the inflation hedge, is that there are many things that tie into it. Right now as long as real estate depreciates faster then inflation then I am okay. While I am slowly watching the value of my lump of cash go down (and it sucks) the intent of that lump is to buy real estate. Thus the asset for which the lump will be exchanged for is still depreciating faster then the lump itself. Thus I am okay with the lump being the lump and the asset to keep depreciating. However we do NOT need hyper inflation to swing things the other way, all we need is the depreciation of the asset to run slower then the depreciation of the lump of cash.
Furthermore what is also not discussed at all, is the widening of the gulf between the have and have nots. If we do run into an inflationary spiral, I very much believe we will see a situation of the rich getting a HELL of alot richer by scooping up real estate with cash or very high equity stakes. Will real estate valuations fall? Of course… however will real estate be affordable and will the valuations scale with the interest rate hikes? Hard to say. I do not think it is a slam dunk to say that real estate depreciation will be commensurate or even exceed the change in monthly payment needed to overcome substantial rate hikes. It becomes very iffy and again will have severe variances by areas. The problem becomes much more unpredictable, especially when those with large reserves start to get involved.
SD Realtor
ParticipantYeah I know you have taken a beating on this site but I admire you for hanging in there. I did note that your post did not call for a bottom or anything of the sorts. I guess we all have our own bias when we read peoples posts. I find that my posts never seem to correctly display my intent many times as well.
One thing that concerns me about the inflation hedge, is that there are many things that tie into it. Right now as long as real estate depreciates faster then inflation then I am okay. While I am slowly watching the value of my lump of cash go down (and it sucks) the intent of that lump is to buy real estate. Thus the asset for which the lump will be exchanged for is still depreciating faster then the lump itself. Thus I am okay with the lump being the lump and the asset to keep depreciating. However we do NOT need hyper inflation to swing things the other way, all we need is the depreciation of the asset to run slower then the depreciation of the lump of cash.
Furthermore what is also not discussed at all, is the widening of the gulf between the have and have nots. If we do run into an inflationary spiral, I very much believe we will see a situation of the rich getting a HELL of alot richer by scooping up real estate with cash or very high equity stakes. Will real estate valuations fall? Of course… however will real estate be affordable and will the valuations scale with the interest rate hikes? Hard to say. I do not think it is a slam dunk to say that real estate depreciation will be commensurate or even exceed the change in monthly payment needed to overcome substantial rate hikes. It becomes very iffy and again will have severe variances by areas. The problem becomes much more unpredictable, especially when those with large reserves start to get involved.
SD Realtor
ParticipantYeah I know you have taken a beating on this site but I admire you for hanging in there. I did note that your post did not call for a bottom or anything of the sorts. I guess we all have our own bias when we read peoples posts. I find that my posts never seem to correctly display my intent many times as well.
One thing that concerns me about the inflation hedge, is that there are many things that tie into it. Right now as long as real estate depreciates faster then inflation then I am okay. While I am slowly watching the value of my lump of cash go down (and it sucks) the intent of that lump is to buy real estate. Thus the asset for which the lump will be exchanged for is still depreciating faster then the lump itself. Thus I am okay with the lump being the lump and the asset to keep depreciating. However we do NOT need hyper inflation to swing things the other way, all we need is the depreciation of the asset to run slower then the depreciation of the lump of cash.
Furthermore what is also not discussed at all, is the widening of the gulf between the have and have nots. If we do run into an inflationary spiral, I very much believe we will see a situation of the rich getting a HELL of alot richer by scooping up real estate with cash or very high equity stakes. Will real estate valuations fall? Of course… however will real estate be affordable and will the valuations scale with the interest rate hikes? Hard to say. I do not think it is a slam dunk to say that real estate depreciation will be commensurate or even exceed the change in monthly payment needed to overcome substantial rate hikes. It becomes very iffy and again will have severe variances by areas. The problem becomes much more unpredictable, especially when those with large reserves start to get involved.
SD Realtor
ParticipantYeah I know you have taken a beating on this site but I admire you for hanging in there. I did note that your post did not call for a bottom or anything of the sorts. I guess we all have our own bias when we read peoples posts. I find that my posts never seem to correctly display my intent many times as well.
One thing that concerns me about the inflation hedge, is that there are many things that tie into it. Right now as long as real estate depreciates faster then inflation then I am okay. While I am slowly watching the value of my lump of cash go down (and it sucks) the intent of that lump is to buy real estate. Thus the asset for which the lump will be exchanged for is still depreciating faster then the lump itself. Thus I am okay with the lump being the lump and the asset to keep depreciating. However we do NOT need hyper inflation to swing things the other way, all we need is the depreciation of the asset to run slower then the depreciation of the lump of cash.
Furthermore what is also not discussed at all, is the widening of the gulf between the have and have nots. If we do run into an inflationary spiral, I very much believe we will see a situation of the rich getting a HELL of alot richer by scooping up real estate with cash or very high equity stakes. Will real estate valuations fall? Of course… however will real estate be affordable and will the valuations scale with the interest rate hikes? Hard to say. I do not think it is a slam dunk to say that real estate depreciation will be commensurate or even exceed the change in monthly payment needed to overcome substantial rate hikes. It becomes very iffy and again will have severe variances by areas. The problem becomes much more unpredictable, especially when those with large reserves start to get involved.
SD Realtor
ParticipantYeah I know you have taken a beating on this site but I admire you for hanging in there. I did note that your post did not call for a bottom or anything of the sorts. I guess we all have our own bias when we read peoples posts. I find that my posts never seem to correctly display my intent many times as well.
One thing that concerns me about the inflation hedge, is that there are many things that tie into it. Right now as long as real estate depreciates faster then inflation then I am okay. While I am slowly watching the value of my lump of cash go down (and it sucks) the intent of that lump is to buy real estate. Thus the asset for which the lump will be exchanged for is still depreciating faster then the lump itself. Thus I am okay with the lump being the lump and the asset to keep depreciating. However we do NOT need hyper inflation to swing things the other way, all we need is the depreciation of the asset to run slower then the depreciation of the lump of cash.
Furthermore what is also not discussed at all, is the widening of the gulf between the have and have nots. If we do run into an inflationary spiral, I very much believe we will see a situation of the rich getting a HELL of alot richer by scooping up real estate with cash or very high equity stakes. Will real estate valuations fall? Of course… however will real estate be affordable and will the valuations scale with the interest rate hikes? Hard to say. I do not think it is a slam dunk to say that real estate depreciation will be commensurate or even exceed the change in monthly payment needed to overcome substantial rate hikes. It becomes very iffy and again will have severe variances by areas. The problem becomes much more unpredictable, especially when those with large reserves start to get involved.
SD Realtor
Participantilovecv the problem with checking for Del Sur and/or Santa Luz is that they are pretty small geographically. Also not all of the resale listings will be caught. In order for my net to grab them the listing agent MUST put either Santa Luz or Del Sur inside the Subdivision field when they enter the listing information. I ran my search on both of those subdivisions and it said 4 sales in Del Sur for 4/1-4/20 for 2007, 0 for Santa Luz in 07 and 0 for both Santa Luz and Del Sur for 2008.
Sorry about that. If you give me the geographical mapcodes, (Thomas brothers page row and column for each) then I can maybe get better numbers for ya.
SD Realtor
Participantilovecv the problem with checking for Del Sur and/or Santa Luz is that they are pretty small geographically. Also not all of the resale listings will be caught. In order for my net to grab them the listing agent MUST put either Santa Luz or Del Sur inside the Subdivision field when they enter the listing information. I ran my search on both of those subdivisions and it said 4 sales in Del Sur for 4/1-4/20 for 2007, 0 for Santa Luz in 07 and 0 for both Santa Luz and Del Sur for 2008.
Sorry about that. If you give me the geographical mapcodes, (Thomas brothers page row and column for each) then I can maybe get better numbers for ya.
SD Realtor
Participantilovecv the problem with checking for Del Sur and/or Santa Luz is that they are pretty small geographically. Also not all of the resale listings will be caught. In order for my net to grab them the listing agent MUST put either Santa Luz or Del Sur inside the Subdivision field when they enter the listing information. I ran my search on both of those subdivisions and it said 4 sales in Del Sur for 4/1-4/20 for 2007, 0 for Santa Luz in 07 and 0 for both Santa Luz and Del Sur for 2008.
Sorry about that. If you give me the geographical mapcodes, (Thomas brothers page row and column for each) then I can maybe get better numbers for ya.
SD Realtor
Participantilovecv the problem with checking for Del Sur and/or Santa Luz is that they are pretty small geographically. Also not all of the resale listings will be caught. In order for my net to grab them the listing agent MUST put either Santa Luz or Del Sur inside the Subdivision field when they enter the listing information. I ran my search on both of those subdivisions and it said 4 sales in Del Sur for 4/1-4/20 for 2007, 0 for Santa Luz in 07 and 0 for both Santa Luz and Del Sur for 2008.
Sorry about that. If you give me the geographical mapcodes, (Thomas brothers page row and column for each) then I can maybe get better numbers for ya.
SD Realtor
Participantilovecv the problem with checking for Del Sur and/or Santa Luz is that they are pretty small geographically. Also not all of the resale listings will be caught. In order for my net to grab them the listing agent MUST put either Santa Luz or Del Sur inside the Subdivision field when they enter the listing information. I ran my search on both of those subdivisions and it said 4 sales in Del Sur for 4/1-4/20 for 2007, 0 for Santa Luz in 07 and 0 for both Santa Luz and Del Sur for 2008.
Sorry about that. If you give me the geographical mapcodes, (Thomas brothers page row and column for each) then I can maybe get better numbers for ya.
SD Realtor
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