[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[waiting hawk]

“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”

The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.

[waiting hawk]

“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”

The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.

[waiting hawk]

“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”

The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.

[waiting hawk]

“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”

The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.

[waiting hawk]

“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”

The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.

[Author]

Posts