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December 1, 2006 at 10:28 AM in reply to: Loved the house, hate the agent, do I have to use him? #40923
sdcellar
ParticipantI think the real thing to consider is what it would cost you to rent a comparable home. For the price range you’ve said you’re looking at, I’m guessing you could rent the same thing for around $2000 a month ($2500 tops).
It is tough to predict what’s going to happen to home prices, but it’s pretty unlikely that they’re going to start going up again any time soon, so that means they’ll be flat or declining. That latter makes renting the easy decision, but even if prices stay flat, you probably come out ahead “throwing away money” on rent rather than doing the same thing on interest, property taxes, insurance and upkeep. The only part that’s an investment is the principal you pay and that can easily be devoured if the decline continues.
November 30, 2006 at 1:55 PM in reply to: Loved the house, hate the agent, do I have to use him? #40869Participantlulu– Sounds like maybe you went through ZipRealty. In that case, you may have some kind of agreement. I’d recommend that you look at their terms of service (that you probably agreed to when you signed up).
That said, I think you can probably get out of most agreements with a buyer’s agent one way or another.
You say this guy was rude. That seems odd. Was there any chance you hinted at the fact you might not want to (or felt obligated to) use his services? I can’t imagine an agent being downright rude since he’s got a vested interested in continuing to work with you.
ParticipantGlad to help.
Participantbut, just so you don’t have to take my word for it:
This assumes, of course, that you’re asking about a home in California.
ParticipantNo
ParticipantAt 128 days on the market, he better start considering a $740K offer pretty seriously…
I think I remember looking at one of these. Enter the front door and you see the entire first floor–kitchen, dining room, living room. Not necessarily a bad thing… unless you’re paying over $800K ($400K?) for a place.
ParticipantCashouts? I believe Powayseller’s point (and belief) is that there won’t be any equity to cash out and even worse, they’ll be underwater on the house so won’t be able to defer judgement day.
I personally believe a lot of things are possible and this is where PS and I depart ways…
ParticipantI don’t agree at all–if the borrower has a way out, they have a way out. Powayseller never said 90% of zero-down ARMS that can’t or don’t refinance will default, so let’s not go looking for ways to help fit the prediction.
ParticipantActually, I’m curious (and not a student of history), have there been many civil wars where an outside country has been involved from the outset?
(I do get your commment about our own civil war…)
ParticipantCould it be possible that Prudential is going to run it through an auction or something?
Seems like a lot of the auction listings use the minimum opening bid price as the listing price (even when the minimum selling price might be substantially higher).
ParticipantPS– Holy crap! That’s some dot connecting there. You’re freaking me out!
ParticipantNeither do I (or at least I’m too lazy to try to figure it out), but those are much better possible explanations (and I’m glad you didn’t stay quiet!)
ParticipantAbsolutely you did. Me need learn read better, you writting is fine.
I usually don’t not understand double negatives.
ParticipantI’m going to regret this, but…
You didn’t explain why sales overall were down unless a) foreign cars are so much better that they need to be replaced less often or b) people are holding out for U.S. automobiles because they like them better (but they don’t like what’s available right now? basically what PerryChase said), or c) I really have no idea…
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