[sdrealtor]

FLU
I would encourage you to contact Adam and dont be embarressed at all by your online persona. I think alot of us, present company included, get carried away having fun online. I believe the long time regular posters around here understand that and are for the most part bright, open mided people. One of these years a meet up would be fun for those willing to come out from behind the curtain. I think I’d enjoy having a cocktail with Adam, Rustico, Rich, yourself, sduuuude, esmith, TG etc. Heck, I wouldnt even rule out enjoying a drink with “she who wont be named” (maybe that’s a stretch). I know that I am very different in person than I am as sdr online. Certainly alot less bold. Its a diversion for me from a busy and often stressful life. We hang here for the community, for fun and most importantly for the learning. I know that I have benefitted in all 3 ways and I doubt I’m the only one who has.

cheers

sdr

[sdrealtor]

The Bay Collection probably has the nicest tract built homes I have ever seen combined with a spectaular location. These properties were sold at the market peak to ravenous buyers. The market here is very different now. HIgh end properties are selling with $500K net losses to the sellers. Mid and Low end properties in the tract are selling with $100,000+ losses to the sellers. There is a fair amount of distress here and it is quickly growing. There are great opportunites ahead in this tract for well informed and represented buyers. I have a client that has been trying to buy one of them for over 6 months. The seller is in major denial and if they do end up selling it would be a record breaking loss. If the dont sell they will continue eating close to $200K in interest and opportunity costs for the foreseeable future. The only shot they have is if some idiot comes in and overpays. (HINT: It wont be my client).

If you have more specific messages feel free to send a private message.

[sdrealtor]

The Bay Collection probably has the nicest tract built homes I have ever seen combined with a spectaular location. These properties were sold at the market peak to ravenous buyers. The market here is very different now. HIgh end properties are selling with $500K net losses to the sellers. Mid and Low end properties in the tract are selling with $100,000+ losses to the sellers. There is a fair amount of distress here and it is quickly growing. There are great opportunites ahead in this tract for well informed and represented buyers. I have a client that has been trying to buy one of them for over 6 months. The seller is in major denial and if they do end up selling it would be a record breaking loss. If the dont sell they will continue eating close to $200K in interest and opportunity costs for the foreseeable future. The only shot they have is if some idiot comes in and overpays. (HINT: It wont be my client).

If you have more specific messages feel free to send a private message.

[sdrealtor]

The Bay Collection probably has the nicest tract built homes I have ever seen combined with a spectaular location. These properties were sold at the market peak to ravenous buyers. The market here is very different now. HIgh end properties are selling with $500K net losses to the sellers. Mid and Low end properties in the tract are selling with $100,000+ losses to the sellers. There is a fair amount of distress here and it is quickly growing. There are great opportunites ahead in this tract for well informed and represented buyers. I have a client that has been trying to buy one of them for over 6 months. The seller is in major denial and if they do end up selling it would be a record breaking loss. If the dont sell they will continue eating close to $200K in interest and opportunity costs for the foreseeable future. The only shot they have is if some idiot comes in and overpays. (HINT: It wont be my client).

If you have more specific messages feel free to send a private message.

[sdrealtor]

The Bay Collection probably has the nicest tract built homes I have ever seen combined with a spectaular location. These properties were sold at the market peak to ravenous buyers. The market here is very different now. HIgh end properties are selling with $500K net losses to the sellers. Mid and Low end properties in the tract are selling with $100,000+ losses to the sellers. There is a fair amount of distress here and it is quickly growing. There are great opportunites ahead in this tract for well informed and represented buyers. I have a client that has been trying to buy one of them for over 6 months. The seller is in major denial and if they do end up selling it would be a record breaking loss. If the dont sell they will continue eating close to $200K in interest and opportunity costs for the foreseeable future. The only shot they have is if some idiot comes in and overpays. (HINT: It wont be my client).

If you have more specific messages feel free to send a private message.

[sdrealtor]

The Bay Collection probably has the nicest tract built homes I have ever seen combined with a spectaular location. These properties were sold at the market peak to ravenous buyers. The market here is very different now. HIgh end properties are selling with $500K net losses to the sellers. Mid and Low end properties in the tract are selling with $100,000+ losses to the sellers. There is a fair amount of distress here and it is quickly growing. There are great opportunites ahead in this tract for well informed and represented buyers. I have a client that has been trying to buy one of them for over 6 months. The seller is in major denial and if they do end up selling it would be a record breaking loss. If the dont sell they will continue eating close to $200K in interest and opportunity costs for the foreseeable future. The only shot they have is if some idiot comes in and overpays. (HINT: It wont be my client).

If you have more specific messages feel free to send a private message.

[sdrealtor]

Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.

SD R,
The agents fiduciary responsibility is to the seller not the lender. It is often in sellers best interest to get the property sold as quickly as possible for whatever the bank will accept while agreeing to release them from deficiency judgements in the future. Countering a bunch a short sale offers creates harsh feelings among those that brought the offers and adds undue complications to the process. The best strategy IMO is to bring a well qualified offer at a market justiable price to the lender in order to obtain the approval. Once you have the approval, you can sort out who is still around, who still wants the house and who is offering the best price/terms. From that point a new approval is very easy if it is at or above the approved price. Short sales are a very different animal to manage as a listing agent.

sdr

[sdrealtor]

Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.

SD R,
The agents fiduciary responsibility is to the seller not the lender. It is often in sellers best interest to get the property sold as quickly as possible for whatever the bank will accept while agreeing to release them from deficiency judgements in the future. Countering a bunch a short sale offers creates harsh feelings among those that brought the offers and adds undue complications to the process. The best strategy IMO is to bring a well qualified offer at a market justiable price to the lender in order to obtain the approval. Once you have the approval, you can sort out who is still around, who still wants the house and who is offering the best price/terms. From that point a new approval is very easy if it is at or above the approved price. Short sales are a very different animal to manage as a listing agent.

sdr

[sdrealtor]

Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.

SD R,
The agents fiduciary responsibility is to the seller not the lender. It is often in sellers best interest to get the property sold as quickly as possible for whatever the bank will accept while agreeing to release them from deficiency judgements in the future. Countering a bunch a short sale offers creates harsh feelings among those that brought the offers and adds undue complications to the process. The best strategy IMO is to bring a well qualified offer at a market justiable price to the lender in order to obtain the approval. Once you have the approval, you can sort out who is still around, who still wants the house and who is offering the best price/terms. From that point a new approval is very easy if it is at or above the approved price. Short sales are a very different animal to manage as a listing agent.

sdr

[sdrealtor]

Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.

SD R,
The agents fiduciary responsibility is to the seller not the lender. It is often in sellers best interest to get the property sold as quickly as possible for whatever the bank will accept while agreeing to release them from deficiency judgements in the future. Countering a bunch a short sale offers creates harsh feelings among those that brought the offers and adds undue complications to the process. The best strategy IMO is to bring a well qualified offer at a market justiable price to the lender in order to obtain the approval. Once you have the approval, you can sort out who is still around, who still wants the house and who is offering the best price/terms. From that point a new approval is very easy if it is at or above the approved price. Short sales are a very different animal to manage as a listing agent.

sdr

[sdrealtor]

Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.

SD R,
The agents fiduciary responsibility is to the seller not the lender. It is often in sellers best interest to get the property sold as quickly as possible for whatever the bank will accept while agreeing to release them from deficiency judgements in the future. Countering a bunch a short sale offers creates harsh feelings among those that brought the offers and adds undue complications to the process. The best strategy IMO is to bring a well qualified offer at a market justiable price to the lender in order to obtain the approval. Once you have the approval, you can sort out who is still around, who still wants the house and who is offering the best price/terms. From that point a new approval is very easy if it is at or above the approved price. Short sales are a very different animal to manage as a listing agent.

sdr

[sdrealtor]

niy,
that one is a very underpriced short sale lisitng. the agent put it under contract with his own buyer and appears to be trying to slip it past the lender. Shall we say this is of questionable ethiics?

[sdrealtor]

niy,
that one is a very underpriced short sale lisitng. the agent put it under contract with his own buyer and appears to be trying to slip it past the lender. Shall we say this is of questionable ethiics?

[sdrealtor]

niy,
that one is a very underpriced short sale lisitng. the agent put it under contract with his own buyer and appears to be trying to slip it past the lender. Shall we say this is of questionable ethiics?

[sdrealtor]

niy,
that one is a very underpriced short sale lisitng. the agent put it under contract with his own buyer and appears to be trying to slip it past the lender. Shall we say this is of questionable ethiics?

[Author]

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