[urbanrealtor]

Okay……embarrassed…don’t get the elan reference.

[urbanrealtor]

Don’t buy physical books much anymore but I have lots and lots and lots of zombie novels on my phone. Also:

-the Born to Bleed books by Ryan C Thomas (nerd-boy with guns kills lots of douchebags)
-atlas shrugged (the world collapses because a bunch of douchebags pout)
-milestones by qutb sayyid (how to change society and defeat the douchebags through islam)
-steve jobs (the world leaps forward thanks to a complete douchebag)
-the entire game of thrones series (lots of humping and swords and occasional douchebags)
-California Tenants Rights (NOLO)
-Lucifer’s Hammer (noble engineers practice douchebaggery by defeating cannibals with flamethrowers)
-Earth Abides (all the douchebags die)
-First Time Landlord (how to be less of a douchebag)
-And (weirdly) 3 copies of the kindle user’s guide.

[urbanrealtor]

[quote=CDMA ENG][quote=Allan from Fallbrook][quote=squat250]I am absolutely unique, special and highly distinct, just like every other damn person on earth.[/quote]

Scaredy: Not only that, but you’re capable of incredible feats of strength.

So you got that going for you…[/quote]

Isn’t that cute… We are all snow flakes…

CE[/quote]
Is this the part where we sit around the festivus pole?

[urbanrealtor]

I think Pigglords would be an awesome band name.

[urbanrealtor]

[quote=paramount]In general if a property is managed by a property management company, the actual eviction process (and related costs) is typically covered under a standard management contract.

What isn’t covered is lost rental revenue, possible damages to the house, etc…that’s where Eviction Protection Insurance comes in – it covers those expenses so essentially an eviction is no cost to you as the property owner at all.

I pay $15/month for the insurance.[/quote]
I am a property manager and I have heard of this but not come across it.
Who carries this that you deal with?

I am very curious.

[urbanrealtor]

[quote=XBoxBoy]For what it’s worth. I wouldn’t sign a buyer’s agent agreement when buying a house. (I’ve bought twice and both times worked with an agent without signing an agreement) From my experience they are not normally demanded of buyer’s, and I don’t see a reason to make a legal commitment when I don’t have to.

As to the fees, I can only say I would definitely run away and find another agent when I saw those.[/quote]
Agree with this post.

[urbanrealtor]

So since this is the third time for you starting this thread, maybe you could clarify what you mean by sticking to the data.

Its clear to me that bg was in a mood to troll but I don’t get what would qualify as an sdr-acceptable post on this thread.

Maybe start a 4th iteration and clarify there.

I dunno.

[urbanrealtor]

[quote=SD Realtor]ummm…. if there are more buyers then inventory then wouldn’t that be characterized as a sellers market?[/quote]

yeah….so much for paying attention when I write.
Yes.
A seller’s market.
Wow.

[urbanrealtor]

Normally, I would call that a strong buyer market.
More buyers than active inventory.
However, I think that current lending issues really make this more constrained than that.
I would be curious as to what other, not drunk, agents are seeing.
And yes its obvious when you are posting drunk.
You know who you are.

[urbanrealtor]

[quote=Fearful][quote=urbanrealtor]If I know the commission is $10k no matter what, I am going to push for $380k because I know that is more likely to get the deal done (and me paid) than if the price is $420k.[/quote]

You don’t want to push for too low of a price, because then the deal won’t get done because the seller will refuse. You don’t want to push for too high a price because the buyer may refuse.

Buyer’s agents walk the fine line between the two. They try to talk the seller down and the buyer up, to varying degrees depending on the individual.

The best buyer’s agents strike a wise balance, knowing that the true benefit to their actions comes from future sales from referrals.

Sadly there are plenty of not-so-wise buyer’s agents. I dealt with one that constantly pressured me to compromise my position in order to get the deal done.

However, they generally do not push for higher price to earn more commission. If anything, they push for higher price in order to get any commission at all![/quote]
Your points are well-taken. Recently, I was brought in by a buyer who was firing his agent. In the end, he told several mutual acquaintances (we know each other socially) that I was not aggressive enough. This was frustrating to me because I never had the chance to negotiate. I was brought in after the deal was fully in contract. The buyer wanted to walk it back significantly but there really is no way to do that barring the foundation being powder. It definitely taught me a lesson about managing expectations.

[urbanrealtor]

Its interesting how much misunderstanding exists regarding the commission structure.
At one point a year or so ago, I was drinking coffee with a real estate journalist I respect very much.
This individual thought
a: that a buyer going through a listing agent saved a seller money and
b: that buyer agents pushed for higher purchase prices to get a higher commission.

Now a) is just not true (commissions for buyer side is establised at time of listing and is almost always paid whether or not there is a separate buyer agent) and b) has such a low return rate as a perverse incentive structure that it is not a big issue.
I won’t go so far as to say that it never happens. I am sure it does. Somewhere. With really stupid agents.

A way around this is to simply name a buyer-side commission for the agent. If the offered commission is high, the difference comes as a buyer rebate. If the commission is low, then the buyer gets to pony up.

If I know the commission is $10k no matter what, I am going to push for $380k because I know that is more likely to get the deal done (and me paid) than if the price is $420k.

My 2 bits

[urbanrealtor]

…waxing my crotch. While sdr watched.

[urbanrealtor]

As a general rule I don’t do many “regular” listings.
Most are short sales.
When I do handle regular listings, I really try to get a very clear list of duties from a seller.
I recommend that every seller do this.
Just a list which you email to your client of the minimums you expect.
EG:
2 open houses per month.
1 emailed status report every Monday
2 broker opens during the listing period.
professional photos
free back rubs

The point is that SD and sdr are right.
Often the the final problem is the fact that the seller thinks they understand the market and cant part with their higher price point expectations.

Most problems can be solved with money or explosives.
Properties without offers are no exception.

[urbanrealtor]

[quote=CA renter][quote=pri_dk][quote]Funny how people/doctors keep fighting the natural and healing forces of cancer. Best to get it over with quickly. Contrary to popular myth, cancer doesn’t go on forever…as long as the medical caregivers allow it to happen naturally (and quickly!).

Doctors, in their efforts to “fight cancer,” end up making it worse, IMHO.[/quote]

Good point. One more reason to stop donating to Komen.[/quote]

Not a good analogy.

Deflation is healing, not killing. In today’s case (and many instances in the past), it’s a result of too much money being amassed at the top. It’s why you see deflationary events after massive credit expansions and after wealth/income disparities reach historical highs.

Deflation happens when all the money and credit available to the bottom of the economic pyramid gets spent — and this money invariably ends up at the top of the pyramid. The foundation begins to crumble, and deflation results. Deflation is when the money/purchasing power begins to move back down toward the bottom of the pyramid. It is essential to go through this process in order to build a stronger foundation for the next economic cycle.

The only other possible way to get out of this is to literally print money **and give it to the bottom of the pyramid, with no debt offset** so they can purge their debts. Of course, this has the added effect of cost inflation, and this runs counter to what we’d be trying to fix in the first place.

Deflation is the best cure for those at the bottom of the pyramid. Those at the top suffer because asset prices fall (wages fall, but tend to fall more slowly, effectively increasing purchsing power even though workers make less nominally). Since those at the top are the ones who suffer most during deflation, they spread the myth that deflation is bad and never-ending. This is not necessarily true. Deflation equalizes things, and that’s why those at the top (who influence not only policy, but the messages put out by the MSM, “think tanks,” and universities) will do everything in their power to prevent it.[/quote]

Deflation functions as a mandatory interest rate supplement to anyone in debt.

It makes the dollars you use to repay more expensive.

Think of it this way:
If you have a 5% loan and 5% deflation, you have an effective 10% interest rate.

It only benefits those who save.

And that pretty much excludes the US.

Now I suppose this is the part where you explain to me how economics/politics/property “should” work.

[urbanrealtor]

[quote=walterwhite]i seriously need a drink tonight but no alcohol since 9/29/11. the economy is probably stable as long as i don’t drink.[/quote]
What about weed?
I mean I think you could defend yourself or something if you got busted.

[Author]

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