[sdrealtor]

Mike
The vast majority of top quality agents dont work in the flat fee environment and are not able to accept one. How much they would accept is irrelavent because they arent able to accept flat fees.

The house esmith is in escrow on is a good example. The listing agent was lousy (maybe one of the worst I have encountered) and prevented the sale from being completed much sooner at a higher price. Ultimately that worked to esmith’s advantage not the bank that will bear the brunt of his incompetence in this case.

The additional effort it takes to sell a 1.5M house is greatly due to the sellers ego who add marketing costs because they want to see their home advertised in the UT, Dream Homes and other useless publications.

[sdrealtor]

Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.

MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.

[sdrealtor]

Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.

MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.

[sdrealtor]

Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.

MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.

[sdrealtor]

Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.

MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.

[sdrealtor]

Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.

MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.

[sdrealtor]

UR,
You misquoted me. I didnt say an agents job starts when the offer is received, I said a “GOOD” agents job start then. Any tool in the shed can list a property and get an offer (just keep lowering the price), a good agent will help guide you through wether it is a good offer, whether it is a viable buyer, will keep that buyer in line, will keep the transaction moving forward, knows when to push and when to give in and can solve problems. A failed escrow can cost you alot of money in this market as the best offers tend to come first and we are in a downward trejectory. A good agent will get rid of a buyer that will not perform sooner than later.

sdr

[sdrealtor]

UR,
You misquoted me. I didnt say an agents job starts when the offer is received, I said a “GOOD” agents job start then. Any tool in the shed can list a property and get an offer (just keep lowering the price), a good agent will help guide you through wether it is a good offer, whether it is a viable buyer, will keep that buyer in line, will keep the transaction moving forward, knows when to push and when to give in and can solve problems. A failed escrow can cost you alot of money in this market as the best offers tend to come first and we are in a downward trejectory. A good agent will get rid of a buyer that will not perform sooner than later.

sdr

[sdrealtor]

UR,
You misquoted me. I didnt say an agents job starts when the offer is received, I said a “GOOD” agents job start then. Any tool in the shed can list a property and get an offer (just keep lowering the price), a good agent will help guide you through wether it is a good offer, whether it is a viable buyer, will keep that buyer in line, will keep the transaction moving forward, knows when to push and when to give in and can solve problems. A failed escrow can cost you alot of money in this market as the best offers tend to come first and we are in a downward trejectory. A good agent will get rid of a buyer that will not perform sooner than later.

sdr

[sdrealtor]

UR,
You misquoted me. I didnt say an agents job starts when the offer is received, I said a “GOOD” agents job start then. Any tool in the shed can list a property and get an offer (just keep lowering the price), a good agent will help guide you through wether it is a good offer, whether it is a viable buyer, will keep that buyer in line, will keep the transaction moving forward, knows when to push and when to give in and can solve problems. A failed escrow can cost you alot of money in this market as the best offers tend to come first and we are in a downward trejectory. A good agent will get rid of a buyer that will not perform sooner than later.

sdr

[sdrealtor]

UR,
You misquoted me. I didnt say an agents job starts when the offer is received, I said a “GOOD” agents job start then. Any tool in the shed can list a property and get an offer (just keep lowering the price), a good agent will help guide you through wether it is a good offer, whether it is a viable buyer, will keep that buyer in line, will keep the transaction moving forward, knows when to push and when to give in and can solve problems. A failed escrow can cost you alot of money in this market as the best offers tend to come first and we are in a downward trejectory. A good agent will get rid of a buyer that will not perform sooner than later.

sdr

[sdrealtor]

If you do, consider that you will be paying off your spouse with tax free dollars while inheriting the entire capital gain issue downstream (i.e. only 250K exclusion instead of 500K). The best advice I would give you is to get a professional appraisal done to set the value. Specifically, I would get an appriaser who specializes in divorce related appraisals. I would recommend Jerry Longwell out of La Mesa. This is all he does and you can Google him to get his number.

The value will likely be lower than what you think which isto your benefit. Most of the Family Law Attorney’s in SD know and use him so you should not have a problem getting your spouse’s attorney to accept him.

Good Luck

Lil sdr

[sdrealtor]

If you do, consider that you will be paying off your spouse with tax free dollars while inheriting the entire capital gain issue downstream (i.e. only 250K exclusion instead of 500K). The best advice I would give you is to get a professional appraisal done to set the value. Specifically, I would get an appriaser who specializes in divorce related appraisals. I would recommend Jerry Longwell out of La Mesa. This is all he does and you can Google him to get his number.

The value will likely be lower than what you think which isto your benefit. Most of the Family Law Attorney’s in SD know and use him so you should not have a problem getting your spouse’s attorney to accept him.

Good Luck

Lil sdr

[sdrealtor]

If you do, consider that you will be paying off your spouse with tax free dollars while inheriting the entire capital gain issue downstream (i.e. only 250K exclusion instead of 500K). The best advice I would give you is to get a professional appraisal done to set the value. Specifically, I would get an appriaser who specializes in divorce related appraisals. I would recommend Jerry Longwell out of La Mesa. This is all he does and you can Google him to get his number.

The value will likely be lower than what you think which isto your benefit. Most of the Family Law Attorney’s in SD know and use him so you should not have a problem getting your spouse’s attorney to accept him.

Good Luck

Lil sdr

[sdrealtor]

If you do, consider that you will be paying off your spouse with tax free dollars while inheriting the entire capital gain issue downstream (i.e. only 250K exclusion instead of 500K). The best advice I would give you is to get a professional appraisal done to set the value. Specifically, I would get an appriaser who specializes in divorce related appraisals. I would recommend Jerry Longwell out of La Mesa. This is all he does and you can Google him to get his number.

The value will likely be lower than what you think which isto your benefit. Most of the Family Law Attorney’s in SD know and use him so you should not have a problem getting your spouse’s attorney to accept him.

Good Luck

Lil sdr

[Author]

Posts