[urbanrealtor]

[quote=paramount]The problem I see here is the MLS itself, which is a sales tool manipulated by realtors and other interested parties.

Maybe what we need is a new MLS type system that is less prone to manipulation and overly self-interested parties.[/quote]

You see lots of problems with lots of things.

The MLS is a lot more honest and fair of an open market tool than ebay or craigslist.

It actually allows full information about what sale prices have done in the past.

That is not something that is generally available to users in more closed or limited databases like Ebay or CL.

In what way do you see it as being manipulated?

[urbanrealtor]

[quote=paramount]The problem I see here is the MLS itself, which is a sales tool manipulated by realtors and other interested parties.

Maybe what we need is a new MLS type system that is less prone to manipulation and overly self-interested parties.[/quote]

You see lots of problems with lots of things.

The MLS is a lot more honest and fair of an open market tool than ebay or craigslist.

It actually allows full information about what sale prices have done in the past.

That is not something that is generally available to users in more closed or limited databases like Ebay or CL.

In what way do you see it as being manipulated?

[urbanrealtor]

[quote=Doooh]Tell me this, isn’t the most prudent thing to do, in this housing environmental we find ourselves in, is to find my own underwater seller who hasn’t listed his delinquent mortgage/home, and convince him to sell to me?

My choice in a Realtor is a distant second to finding, and creating my own seller. The best my Realtor can do is to scour the MLS like I’ve already been doing, fill out my paper work when I find something, and be the point of contact to the bank who is going to take it in the pants when I buy their house/mortgage.

We see that the MLS listings are for suckers who want to buy at “Current Market Values” with conventional financing, the old conventional way. Obviously things are done differently when your sitting on your own financing.[/quote]

You can do that.
But the problem is that the bank will generally review the price and evaluate the property to determine if the offer is at market.
They will allow some discount but will not take a bath irrespective of whether or not you have cash.
So its not like you will generally have the option of getting it significantly below market.
Banks generally require that it be active on the MLS before they will consider the short.
Also, working a short sale is very difficult (I am currently working 7).
The banks are disorganized and often non-communicative.
There is virtually no chance they will accept a buyer as a negotiator for the seller.
So yeah.
The professionals you use matter.
A lot.

[urbanrealtor]

[quote=Doooh]Tell me this, isn’t the most prudent thing to do, in this housing environmental we find ourselves in, is to find my own underwater seller who hasn’t listed his delinquent mortgage/home, and convince him to sell to me?

My choice in a Realtor is a distant second to finding, and creating my own seller. The best my Realtor can do is to scour the MLS like I’ve already been doing, fill out my paper work when I find something, and be the point of contact to the bank who is going to take it in the pants when I buy their house/mortgage.

We see that the MLS listings are for suckers who want to buy at “Current Market Values” with conventional financing, the old conventional way. Obviously things are done differently when your sitting on your own financing.[/quote]

You can do that.
But the problem is that the bank will generally review the price and evaluate the property to determine if the offer is at market.
They will allow some discount but will not take a bath irrespective of whether or not you have cash.
So its not like you will generally have the option of getting it significantly below market.
Banks generally require that it be active on the MLS before they will consider the short.
Also, working a short sale is very difficult (I am currently working 7).
The banks are disorganized and often non-communicative.
There is virtually no chance they will accept a buyer as a negotiator for the seller.
So yeah.
The professionals you use matter.
A lot.

[urbanrealtor]

[quote=Doooh]Tell me this, isn’t the most prudent thing to do, in this housing environmental we find ourselves in, is to find my own underwater seller who hasn’t listed his delinquent mortgage/home, and convince him to sell to me?

My choice in a Realtor is a distant second to finding, and creating my own seller. The best my Realtor can do is to scour the MLS like I’ve already been doing, fill out my paper work when I find something, and be the point of contact to the bank who is going to take it in the pants when I buy their house/mortgage.

We see that the MLS listings are for suckers who want to buy at “Current Market Values” with conventional financing, the old conventional way. Obviously things are done differently when your sitting on your own financing.[/quote]

You can do that.
But the problem is that the bank will generally review the price and evaluate the property to determine if the offer is at market.
They will allow some discount but will not take a bath irrespective of whether or not you have cash.
So its not like you will generally have the option of getting it significantly below market.
Banks generally require that it be active on the MLS before they will consider the short.
Also, working a short sale is very difficult (I am currently working 7).
The banks are disorganized and often non-communicative.
There is virtually no chance they will accept a buyer as a negotiator for the seller.
So yeah.
The professionals you use matter.
A lot.

[urbanrealtor]

[quote=Doooh]Tell me this, isn’t the most prudent thing to do, in this housing environmental we find ourselves in, is to find my own underwater seller who hasn’t listed his delinquent mortgage/home, and convince him to sell to me?

My choice in a Realtor is a distant second to finding, and creating my own seller. The best my Realtor can do is to scour the MLS like I’ve already been doing, fill out my paper work when I find something, and be the point of contact to the bank who is going to take it in the pants when I buy their house/mortgage.

We see that the MLS listings are for suckers who want to buy at “Current Market Values” with conventional financing, the old conventional way. Obviously things are done differently when your sitting on your own financing.[/quote]

You can do that.
But the problem is that the bank will generally review the price and evaluate the property to determine if the offer is at market.
They will allow some discount but will not take a bath irrespective of whether or not you have cash.
So its not like you will generally have the option of getting it significantly below market.
Banks generally require that it be active on the MLS before they will consider the short.
Also, working a short sale is very difficult (I am currently working 7).
The banks are disorganized and often non-communicative.
There is virtually no chance they will accept a buyer as a negotiator for the seller.
So yeah.
The professionals you use matter.
A lot.

[urbanrealtor]

[quote=Doooh]Tell me this, isn’t the most prudent thing to do, in this housing environmental we find ourselves in, is to find my own underwater seller who hasn’t listed his delinquent mortgage/home, and convince him to sell to me?

My choice in a Realtor is a distant second to finding, and creating my own seller. The best my Realtor can do is to scour the MLS like I’ve already been doing, fill out my paper work when I find something, and be the point of contact to the bank who is going to take it in the pants when I buy their house/mortgage.

We see that the MLS listings are for suckers who want to buy at “Current Market Values” with conventional financing, the old conventional way. Obviously things are done differently when your sitting on your own financing.[/quote]

You can do that.
But the problem is that the bank will generally review the price and evaluate the property to determine if the offer is at market.
They will allow some discount but will not take a bath irrespective of whether or not you have cash.
So its not like you will generally have the option of getting it significantly below market.
Banks generally require that it be active on the MLS before they will consider the short.
Also, working a short sale is very difficult (I am currently working 7).
The banks are disorganized and often non-communicative.
There is virtually no chance they will accept a buyer as a negotiator for the seller.
So yeah.
The professionals you use matter.
A lot.

[urbanrealtor]

[quote=Doooh]All I have to say, it’s game on. Lesson learned… Only a dumb @ss would drop hundreds of thousands of dollars with out knowing the rules of the game.

I was that Dumb @ss.[/quote]

Well don’t be one then.

Figure the range and get a buyer’s agent who knows the area you like.

If you don’t want to use someone on this board, let us know and we will recommend someone we trust.

As much as I would like to choke Adam (SD Realtor) some days, I am fairly sure he is not a crook and has his client’s interests at heart.

As much as I like Dave Baum (sdrealtor), despite my affection, I know he is a really solid, competent agent.

John Young of C21 in Hillcrest is one the most ethical humans (let alone Realtors) I have ever met.

Dave Espinosa of Team Metro is incredibly smart and very soft spoken and is very impressive at putting together deals for buyer-property situations that seem improbable.

Ginny Ollis has more experience than most offices put together.

But seriously, it makes a lot of difference who you use. If they are strictly salesmen (as Paramount constantly opines) they will add relatively less value than one who can act as a genuine consultant.

[urbanrealtor]

[quote=Doooh]All I have to say, it’s game on. Lesson learned… Only a dumb @ss would drop hundreds of thousands of dollars with out knowing the rules of the game.

I was that Dumb @ss.[/quote]

Well don’t be one then.

Figure the range and get a buyer’s agent who knows the area you like.

If you don’t want to use someone on this board, let us know and we will recommend someone we trust.

As much as I would like to choke Adam (SD Realtor) some days, I am fairly sure he is not a crook and has his client’s interests at heart.

As much as I like Dave Baum (sdrealtor), despite my affection, I know he is a really solid, competent agent.

John Young of C21 in Hillcrest is one the most ethical humans (let alone Realtors) I have ever met.

Dave Espinosa of Team Metro is incredibly smart and very soft spoken and is very impressive at putting together deals for buyer-property situations that seem improbable.

Ginny Ollis has more experience than most offices put together.

But seriously, it makes a lot of difference who you use. If they are strictly salesmen (as Paramount constantly opines) they will add relatively less value than one who can act as a genuine consultant.

[urbanrealtor]

[quote=Doooh]All I have to say, it’s game on. Lesson learned… Only a dumb @ss would drop hundreds of thousands of dollars with out knowing the rules of the game.

I was that Dumb @ss.[/quote]

Well don’t be one then.

Figure the range and get a buyer’s agent who knows the area you like.

If you don’t want to use someone on this board, let us know and we will recommend someone we trust.

As much as I would like to choke Adam (SD Realtor) some days, I am fairly sure he is not a crook and has his client’s interests at heart.

As much as I like Dave Baum (sdrealtor), despite my affection, I know he is a really solid, competent agent.

John Young of C21 in Hillcrest is one the most ethical humans (let alone Realtors) I have ever met.

Dave Espinosa of Team Metro is incredibly smart and very soft spoken and is very impressive at putting together deals for buyer-property situations that seem improbable.

Ginny Ollis has more experience than most offices put together.

But seriously, it makes a lot of difference who you use. If they are strictly salesmen (as Paramount constantly opines) they will add relatively less value than one who can act as a genuine consultant.

[urbanrealtor]

[quote=Doooh]All I have to say, it’s game on. Lesson learned… Only a dumb @ss would drop hundreds of thousands of dollars with out knowing the rules of the game.

I was that Dumb @ss.[/quote]

Well don’t be one then.

Figure the range and get a buyer’s agent who knows the area you like.

If you don’t want to use someone on this board, let us know and we will recommend someone we trust.

As much as I would like to choke Adam (SD Realtor) some days, I am fairly sure he is not a crook and has his client’s interests at heart.

As much as I like Dave Baum (sdrealtor), despite my affection, I know he is a really solid, competent agent.

John Young of C21 in Hillcrest is one the most ethical humans (let alone Realtors) I have ever met.

Dave Espinosa of Team Metro is incredibly smart and very soft spoken and is very impressive at putting together deals for buyer-property situations that seem improbable.

Ginny Ollis has more experience than most offices put together.

But seriously, it makes a lot of difference who you use. If they are strictly salesmen (as Paramount constantly opines) they will add relatively less value than one who can act as a genuine consultant.

[urbanrealtor]

[quote=Doooh]All I have to say, it’s game on. Lesson learned… Only a dumb @ss would drop hundreds of thousands of dollars with out knowing the rules of the game.

I was that Dumb @ss.[/quote]

Well don’t be one then.

Figure the range and get a buyer’s agent who knows the area you like.

If you don’t want to use someone on this board, let us know and we will recommend someone we trust.

As much as I would like to choke Adam (SD Realtor) some days, I am fairly sure he is not a crook and has his client’s interests at heart.

As much as I like Dave Baum (sdrealtor), despite my affection, I know he is a really solid, competent agent.

John Young of C21 in Hillcrest is one the most ethical humans (let alone Realtors) I have ever met.

Dave Espinosa of Team Metro is incredibly smart and very soft spoken and is very impressive at putting together deals for buyer-property situations that seem improbable.

Ginny Ollis has more experience than most offices put together.

But seriously, it makes a lot of difference who you use. If they are strictly salesmen (as Paramount constantly opines) they will add relatively less value than one who can act as a genuine consultant.

[urbanrealtor]

And I would totally bone Barbara Corcoran.

Or her animatronic zombie corpse.

[urbanrealtor]

And I would totally bone Barbara Corcoran.

Or her animatronic zombie corpse.

[urbanrealtor]

And I would totally bone Barbara Corcoran.

Or her animatronic zombie corpse.

[Author]

Posts