[sreeb]

[quote=sdrealtor]Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions. The game isnt fair and never was, nor was it ever designed to be. Expect more of the same.

Not to say prices cant revisit some of the lows of last year and go down a little from there but wholesale destruction just isnt in the cards. Sorry if that is what you were a banking on……….[/quote]

The kicker is how long they will be able to do that. If the Fed raises the borrowing rate for banks, they won’t be able to hold back inventory and the supply will balloon. If interest rates for buyers increase, demand will implode. If borrowing costs for the US Gov increase, both will happen.

[sreeb]

[quote=flu]Sorry, but your listing agent should do what you ask them to do, within reason. As embarassing as he/she might *feel* about this situation, he/she should realize this is business. If he/she isn’t willing to, find another agent, as some others indicate.

Afterall, if it’s such a ridiculous offer, and the seller has so many better offers, your offer is going to be ignored anyway….

Insist on him/her putting the offer on the table, and if he/she doesn’t tell, him/her “thank you for helping me”, but I think I want someone who can represent my interests better.[/quote]

The problem is that the seller will be skeptical that you will perform. Now if you were to make a no contingency cash offer then that probably doesn’t matter.

[sreeb]

[quote=flu]Sorry, but your listing agent should do what you ask them to do, within reason. As embarassing as he/she might *feel* about this situation, he/she should realize this is business. If he/she isn’t willing to, find another agent, as some others indicate.

Afterall, if it’s such a ridiculous offer, and the seller has so many better offers, your offer is going to be ignored anyway….

Insist on him/her putting the offer on the table, and if he/she doesn’t tell, him/her “thank you for helping me”, but I think I want someone who can represent my interests better.[/quote]

The problem is that the seller will be skeptical that you will perform. Now if you were to make a no contingency cash offer then that probably doesn’t matter.

[sreeb]

[quote=flu]Sorry, but your listing agent should do what you ask them to do, within reason. As embarassing as he/she might *feel* about this situation, he/she should realize this is business. If he/she isn’t willing to, find another agent, as some others indicate.

Afterall, if it’s such a ridiculous offer, and the seller has so many better offers, your offer is going to be ignored anyway….

Insist on him/her putting the offer on the table, and if he/she doesn’t tell, him/her “thank you for helping me”, but I think I want someone who can represent my interests better.[/quote]

The problem is that the seller will be skeptical that you will perform. Now if you were to make a no contingency cash offer then that probably doesn’t matter.

[sreeb]

[quote=flu]Sorry, but your listing agent should do what you ask them to do, within reason. As embarassing as he/she might *feel* about this situation, he/she should realize this is business. If he/she isn’t willing to, find another agent, as some others indicate.

Afterall, if it’s such a ridiculous offer, and the seller has so many better offers, your offer is going to be ignored anyway….

Insist on him/her putting the offer on the table, and if he/she doesn’t tell, him/her “thank you for helping me”, but I think I want someone who can represent my interests better.[/quote]

The problem is that the seller will be skeptical that you will perform. Now if you were to make a no contingency cash offer then that probably doesn’t matter.

[sreeb]

[quote=flu]Sorry, but your listing agent should do what you ask them to do, within reason. As embarassing as he/she might *feel* about this situation, he/she should realize this is business. If he/she isn’t willing to, find another agent, as some others indicate.

Afterall, if it’s such a ridiculous offer, and the seller has so many better offers, your offer is going to be ignored anyway….

Insist on him/her putting the offer on the table, and if he/she doesn’t tell, him/her “thank you for helping me”, but I think I want someone who can represent my interests better.[/quote]

The problem is that the seller will be skeptical that you will perform. Now if you were to make a no contingency cash offer then that probably doesn’t matter.

[sreeb]

[quote=jyurasek02]Cool, thanks. What about the 16 lock boxes at my property but only 1 is listed in MLS? Is there a way to find out about these properties? I assume they are bank owned, and not released to agent yet?[/quote]

I assume this is at a condo in which case it means your HOA sucks. It hasn’t established a policy requiring the lock boxes to be clearly labeled by unit number and removed when the property is no longer listed. No one will know what box goes with what unit and half the keys won’t be in the right box.

[sreeb]

[quote=jyurasek02]Cool, thanks. What about the 16 lock boxes at my property but only 1 is listed in MLS? Is there a way to find out about these properties? I assume they are bank owned, and not released to agent yet?[/quote]

I assume this is at a condo in which case it means your HOA sucks. It hasn’t established a policy requiring the lock boxes to be clearly labeled by unit number and removed when the property is no longer listed. No one will know what box goes with what unit and half the keys won’t be in the right box.

[sreeb]

[quote=jyurasek02]Cool, thanks. What about the 16 lock boxes at my property but only 1 is listed in MLS? Is there a way to find out about these properties? I assume they are bank owned, and not released to agent yet?[/quote]

I assume this is at a condo in which case it means your HOA sucks. It hasn’t established a policy requiring the lock boxes to be clearly labeled by unit number and removed when the property is no longer listed. No one will know what box goes with what unit and half the keys won’t be in the right box.

[sreeb]

[quote=jyurasek02]Cool, thanks. What about the 16 lock boxes at my property but only 1 is listed in MLS? Is there a way to find out about these properties? I assume they are bank owned, and not released to agent yet?[/quote]

I assume this is at a condo in which case it means your HOA sucks. It hasn’t established a policy requiring the lock boxes to be clearly labeled by unit number and removed when the property is no longer listed. No one will know what box goes with what unit and half the keys won’t be in the right box.

[sreeb]

[quote=jyurasek02]Cool, thanks. What about the 16 lock boxes at my property but only 1 is listed in MLS? Is there a way to find out about these properties? I assume they are bank owned, and not released to agent yet?[/quote]

I assume this is at a condo in which case it means your HOA sucks. It hasn’t established a policy requiring the lock boxes to be clearly labeled by unit number and removed when the property is no longer listed. No one will know what box goes with what unit and half the keys won’t be in the right box.

[sreeb]

[quote=Hatfield][quote=bearishgurl]”Sched. C” [/quote]

I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.[/quote]

For condos it generally works better since you typically have a higher structure to land ratio.

[sreeb]

[quote=Hatfield][quote=bearishgurl]”Sched. C” [/quote]

I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.[/quote]

For condos it generally works better since you typically have a higher structure to land ratio.

[sreeb]

[quote=Hatfield][quote=bearishgurl]”Sched. C” [/quote]

I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.[/quote]

For condos it generally works better since you typically have a higher structure to land ratio.

[sreeb]

[quote=Hatfield][quote=bearishgurl]”Sched. C” [/quote]

I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.[/quote]

For condos it generally works better since you typically have a higher structure to land ratio.

[Author]

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