[urbanrealtor]

[quote=sdrealtor]I just thought of another impact this will have which will likely be positive for listing agents. The new system will discourage multiple back up offers on short sales that already have offers on them. However, listing agents will still get sign calls from people driving by properties. When the 1st buyer does not perform it will be more likely that the back up offer would come through the listing agent now.[/quote]

Yeah that will be weird.

Will the bank consider the double-end offers acceptable or only pay one side?

[urbanrealtor]

[quote=sdrealtor]I just thought of another impact this will have which will likely be positive for listing agents. The new system will discourage multiple back up offers on short sales that already have offers on them. However, listing agents will still get sign calls from people driving by properties. When the 1st buyer does not perform it will be more likely that the back up offer would come through the listing agent now.[/quote]

Yeah that will be weird.

Will the bank consider the double-end offers acceptable or only pay one side?

[urbanrealtor]

[quote=ibjames]maybe then banks will see very low inventory numbers and start releasing houses? [/quote]
That would require a wide regional mls system.
San Diego’s is the most broad mls in the state (and possibly the nation) and really only covers this county. It has started to branch out into riverside and orange but most of those counties have multiple MLS systems.

However, this may help drive demand for a more universal and less provincial mls system. Let’s hope.

[urbanrealtor]

[quote=ibjames]maybe then banks will see very low inventory numbers and start releasing houses? [/quote]
That would require a wide regional mls system.
San Diego’s is the most broad mls in the state (and possibly the nation) and really only covers this county. It has started to branch out into riverside and orange but most of those counties have multiple MLS systems.

However, this may help drive demand for a more universal and less provincial mls system. Let’s hope.

[urbanrealtor]

[quote=ibjames]maybe then banks will see very low inventory numbers and start releasing houses? [/quote]
That would require a wide regional mls system.
San Diego’s is the most broad mls in the state (and possibly the nation) and really only covers this county. It has started to branch out into riverside and orange but most of those counties have multiple MLS systems.

However, this may help drive demand for a more universal and less provincial mls system. Let’s hope.

[urbanrealtor]

[quote=ibjames]maybe then banks will see very low inventory numbers and start releasing houses? [/quote]
That would require a wide regional mls system.
San Diego’s is the most broad mls in the state (and possibly the nation) and really only covers this county. It has started to branch out into riverside and orange but most of those counties have multiple MLS systems.

However, this may help drive demand for a more universal and less provincial mls system. Let’s hope.

[urbanrealtor]

[quote=ibjames]maybe then banks will see very low inventory numbers and start releasing houses? [/quote]
That would require a wide regional mls system.
San Diego’s is the most broad mls in the state (and possibly the nation) and really only covers this county. It has started to branch out into riverside and orange but most of those counties have multiple MLS systems.

However, this may help drive demand for a more universal and less provincial mls system. Let’s hope.

[urbanrealtor]

[quote=scaredycat]No. all of those things are way more expensive for the amt of time you’re using it. you’re paying extra to rent the car, the plane seat, for all the convenience. but fi yoou were to use the thing all the time, it’d be cheaper to buyt he tux. you only need the plane seat, the rv and the tux for a couple hours, or days, so you pay an exorbitant price so you can dump it when you’re done…[/quote]
Very true.

However, this is an apples-to-bowling balls comparison.

A perfect market involves goods that are interchangeable and not too costly.

Real estate goods are generally rather distinct, immobile, extremely expensive.

Also, usually those with higher risk tolerances are the ones who gain greater reward potential so it should not be a surprise that desire and demand maintain strength. Whether that reward potential is realized is really a product of the skill of the investor.

[urbanrealtor]

[quote=scaredycat]No. all of those things are way more expensive for the amt of time you’re using it. you’re paying extra to rent the car, the plane seat, for all the convenience. but fi yoou were to use the thing all the time, it’d be cheaper to buyt he tux. you only need the plane seat, the rv and the tux for a couple hours, or days, so you pay an exorbitant price so you can dump it when you’re done…[/quote]
Very true.

However, this is an apples-to-bowling balls comparison.

A perfect market involves goods that are interchangeable and not too costly.

Real estate goods are generally rather distinct, immobile, extremely expensive.

Also, usually those with higher risk tolerances are the ones who gain greater reward potential so it should not be a surprise that desire and demand maintain strength. Whether that reward potential is realized is really a product of the skill of the investor.

[urbanrealtor]

[quote=scaredycat]No. all of those things are way more expensive for the amt of time you’re using it. you’re paying extra to rent the car, the plane seat, for all the convenience. but fi yoou were to use the thing all the time, it’d be cheaper to buyt he tux. you only need the plane seat, the rv and the tux for a couple hours, or days, so you pay an exorbitant price so you can dump it when you’re done…[/quote]
Very true.

However, this is an apples-to-bowling balls comparison.

A perfect market involves goods that are interchangeable and not too costly.

Real estate goods are generally rather distinct, immobile, extremely expensive.

Also, usually those with higher risk tolerances are the ones who gain greater reward potential so it should not be a surprise that desire and demand maintain strength. Whether that reward potential is realized is really a product of the skill of the investor.

[urbanrealtor]

[quote=scaredycat]No. all of those things are way more expensive for the amt of time you’re using it. you’re paying extra to rent the car, the plane seat, for all the convenience. but fi yoou were to use the thing all the time, it’d be cheaper to buyt he tux. you only need the plane seat, the rv and the tux for a couple hours, or days, so you pay an exorbitant price so you can dump it when you’re done…[/quote]
Very true.

However, this is an apples-to-bowling balls comparison.

A perfect market involves goods that are interchangeable and not too costly.

Real estate goods are generally rather distinct, immobile, extremely expensive.

Also, usually those with higher risk tolerances are the ones who gain greater reward potential so it should not be a surprise that desire and demand maintain strength. Whether that reward potential is realized is really a product of the skill of the investor.

[urbanrealtor]

[quote=scaredycat]No. all of those things are way more expensive for the amt of time you’re using it. you’re paying extra to rent the car, the plane seat, for all the convenience. but fi yoou were to use the thing all the time, it’d be cheaper to buyt he tux. you only need the plane seat, the rv and the tux for a couple hours, or days, so you pay an exorbitant price so you can dump it when you’re done…[/quote]
Very true.

However, this is an apples-to-bowling balls comparison.

A perfect market involves goods that are interchangeable and not too costly.

Real estate goods are generally rather distinct, immobile, extremely expensive.

Also, usually those with higher risk tolerances are the ones who gain greater reward potential so it should not be a surprise that desire and demand maintain strength. Whether that reward potential is realized is really a product of the skill of the investor.

[urbanrealtor]

In my neck of the woods, that will be more like a 2/3 reduction in active inventory.

This is long overdue and I am stoked about it.

[urbanrealtor]

In my neck of the woods, that will be more like a 2/3 reduction in active inventory.

This is long overdue and I am stoked about it.

[urbanrealtor]

In my neck of the woods, that will be more like a 2/3 reduction in active inventory.

This is long overdue and I am stoked about it.

[Author]

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