[Waiting to feel the magic]

I’m seeing some inventory build-up in the areas that I’m looking in.

The list price thing is interesting. I’m seeing some decent pricing by regular sellers, and those properties are generally moving. I am seeing some properties with “not unreasonable” pricing that I expected to go pending just sitting.

OTOH, I’m seeing some absolutely insane pricing by banks holding REOs. I don’t mean just high pricing, but like “we’re smoking crack in the back room” pricing. You’d think banks would be more objective about moving these things. These are vacant properties with tear out carpet, multi-color walls (holes are no extra charge), various green bodies of water, and dead landscaping being priced at the same level as a totally fixed up house that’s well maintained with tons of expensive upgrades. Not surprisingly, those properties aren’t moving.

[Waiting to feel the magic]

I’m seeing some inventory build-up in the areas that I’m looking in.

The list price thing is interesting. I’m seeing some decent pricing by regular sellers, and those properties are generally moving. I am seeing some properties with “not unreasonable” pricing that I expected to go pending just sitting.

OTOH, I’m seeing some absolutely insane pricing by banks holding REOs. I don’t mean just high pricing, but like “we’re smoking crack in the back room” pricing. You’d think banks would be more objective about moving these things. These are vacant properties with tear out carpet, multi-color walls (holes are no extra charge), various green bodies of water, and dead landscaping being priced at the same level as a totally fixed up house that’s well maintained with tons of expensive upgrades. Not surprisingly, those properties aren’t moving.

[Waiting to feel the magic]

I’m seeing some inventory build-up in the areas that I’m looking in.

The list price thing is interesting. I’m seeing some decent pricing by regular sellers, and those properties are generally moving. I am seeing some properties with “not unreasonable” pricing that I expected to go pending just sitting.

OTOH, I’m seeing some absolutely insane pricing by banks holding REOs. I don’t mean just high pricing, but like “we’re smoking crack in the back room” pricing. You’d think banks would be more objective about moving these things. These are vacant properties with tear out carpet, multi-color walls (holes are no extra charge), various green bodies of water, and dead landscaping being priced at the same level as a totally fixed up house that’s well maintained with tons of expensive upgrades. Not surprisingly, those properties aren’t moving.

[Waiting to feel the magic]

I’m seeing some inventory build-up in the areas that I’m looking in.

The list price thing is interesting. I’m seeing some decent pricing by regular sellers, and those properties are generally moving. I am seeing some properties with “not unreasonable” pricing that I expected to go pending just sitting.

OTOH, I’m seeing some absolutely insane pricing by banks holding REOs. I don’t mean just high pricing, but like “we’re smoking crack in the back room” pricing. You’d think banks would be more objective about moving these things. These are vacant properties with tear out carpet, multi-color walls (holes are no extra charge), various green bodies of water, and dead landscaping being priced at the same level as a totally fixed up house that’s well maintained with tons of expensive upgrades. Not surprisingly, those properties aren’t moving.

[Waiting to feel the magic]

I’m seeing some inventory build-up in the areas that I’m looking in.

The list price thing is interesting. I’m seeing some decent pricing by regular sellers, and those properties are generally moving. I am seeing some properties with “not unreasonable” pricing that I expected to go pending just sitting.

OTOH, I’m seeing some absolutely insane pricing by banks holding REOs. I don’t mean just high pricing, but like “we’re smoking crack in the back room” pricing. You’d think banks would be more objective about moving these things. These are vacant properties with tear out carpet, multi-color walls (holes are no extra charge), various green bodies of water, and dead landscaping being priced at the same level as a totally fixed up house that’s well maintained with tons of expensive upgrades. Not surprisingly, those properties aren’t moving.

[Waiting to feel the magic]

When I look in the areas, price ranges, home size, etc. that I’m interested in I don’t see a lot of inventory build up. Do this (which is what I did):

– Go to Redfin
– Set your search criteria. Look only at active listings.
– Sort by “Days”

What I found was a number of homes that had been on the market less than 10 days, then it pretty quickly jumped to homes that had been on the market more than 30 days. The conclusion is the good stuff is going fast, and the over priced/backs to a busy street/raw sewage in the LR stuff is sitting.

My personal buying experience matches this. The few well priced, equity sale properties that I’ve been involved with are selling over their low list (though not over their high list) with multiple, well qualified bidders.

I also see prices on SSs and REOs creeping up, some times to crazy levels. Banks are expecting top dollar for that green pool.

Who knows if this will continue, but it sure sucks right now for a buyer.

[Waiting to feel the magic]

When I look in the areas, price ranges, home size, etc. that I’m interested in I don’t see a lot of inventory build up. Do this (which is what I did):

– Go to Redfin
– Set your search criteria. Look only at active listings.
– Sort by “Days”

What I found was a number of homes that had been on the market less than 10 days, then it pretty quickly jumped to homes that had been on the market more than 30 days. The conclusion is the good stuff is going fast, and the over priced/backs to a busy street/raw sewage in the LR stuff is sitting.

My personal buying experience matches this. The few well priced, equity sale properties that I’ve been involved with are selling over their low list (though not over their high list) with multiple, well qualified bidders.

I also see prices on SSs and REOs creeping up, some times to crazy levels. Banks are expecting top dollar for that green pool.

Who knows if this will continue, but it sure sucks right now for a buyer.

[Waiting to feel the magic]

When I look in the areas, price ranges, home size, etc. that I’m interested in I don’t see a lot of inventory build up. Do this (which is what I did):

– Go to Redfin
– Set your search criteria. Look only at active listings.
– Sort by “Days”

What I found was a number of homes that had been on the market less than 10 days, then it pretty quickly jumped to homes that had been on the market more than 30 days. The conclusion is the good stuff is going fast, and the over priced/backs to a busy street/raw sewage in the LR stuff is sitting.

My personal buying experience matches this. The few well priced, equity sale properties that I’ve been involved with are selling over their low list (though not over their high list) with multiple, well qualified bidders.

I also see prices on SSs and REOs creeping up, some times to crazy levels. Banks are expecting top dollar for that green pool.

Who knows if this will continue, but it sure sucks right now for a buyer.

[Waiting to feel the magic]

When I look in the areas, price ranges, home size, etc. that I’m interested in I don’t see a lot of inventory build up. Do this (which is what I did):

– Go to Redfin
– Set your search criteria. Look only at active listings.
– Sort by “Days”

What I found was a number of homes that had been on the market less than 10 days, then it pretty quickly jumped to homes that had been on the market more than 30 days. The conclusion is the good stuff is going fast, and the over priced/backs to a busy street/raw sewage in the LR stuff is sitting.

My personal buying experience matches this. The few well priced, equity sale properties that I’ve been involved with are selling over their low list (though not over their high list) with multiple, well qualified bidders.

I also see prices on SSs and REOs creeping up, some times to crazy levels. Banks are expecting top dollar for that green pool.

Who knows if this will continue, but it sure sucks right now for a buyer.

[Waiting to feel the magic]

When I look in the areas, price ranges, home size, etc. that I’m interested in I don’t see a lot of inventory build up. Do this (which is what I did):

– Go to Redfin
– Set your search criteria. Look only at active listings.
– Sort by “Days”

What I found was a number of homes that had been on the market less than 10 days, then it pretty quickly jumped to homes that had been on the market more than 30 days. The conclusion is the good stuff is going fast, and the over priced/backs to a busy street/raw sewage in the LR stuff is sitting.

My personal buying experience matches this. The few well priced, equity sale properties that I’ve been involved with are selling over their low list (though not over their high list) with multiple, well qualified bidders.

I also see prices on SSs and REOs creeping up, some times to crazy levels. Banks are expecting top dollar for that green pool.

Who knows if this will continue, but it sure sucks right now for a buyer.

[Waiting to feel the magic]

I’m not a lawyer or a realtor, but I can’t see how you owe this guy anything at all. I agree that if he had worked hard for you and things just didn’t work out that it might be nice to throw $500-$1000 his way, but with his current attitude I wouldn’t give him the time of day much less any money.

I met with an agent once who said that he required all of his buying clients to sign an agreement that he gets full commission on any property that he showed me. In this day of Redfin and Realtor.com, if the only value that an agent brings to a deal is finding me properties, and wants me to sign something that guarantees his commission, then that agent clearly has little to offer. I moved on.

[Waiting to feel the magic]

I’m not a lawyer or a realtor, but I can’t see how you owe this guy anything at all. I agree that if he had worked hard for you and things just didn’t work out that it might be nice to throw $500-$1000 his way, but with his current attitude I wouldn’t give him the time of day much less any money.

I met with an agent once who said that he required all of his buying clients to sign an agreement that he gets full commission on any property that he showed me. In this day of Redfin and Realtor.com, if the only value that an agent brings to a deal is finding me properties, and wants me to sign something that guarantees his commission, then that agent clearly has little to offer. I moved on.

[Waiting to feel the magic]

I’m not a lawyer or a realtor, but I can’t see how you owe this guy anything at all. I agree that if he had worked hard for you and things just didn’t work out that it might be nice to throw $500-$1000 his way, but with his current attitude I wouldn’t give him the time of day much less any money.

I met with an agent once who said that he required all of his buying clients to sign an agreement that he gets full commission on any property that he showed me. In this day of Redfin and Realtor.com, if the only value that an agent brings to a deal is finding me properties, and wants me to sign something that guarantees his commission, then that agent clearly has little to offer. I moved on.

[Waiting to feel the magic]

I’m not a lawyer or a realtor, but I can’t see how you owe this guy anything at all. I agree that if he had worked hard for you and things just didn’t work out that it might be nice to throw $500-$1000 his way, but with his current attitude I wouldn’t give him the time of day much less any money.

I met with an agent once who said that he required all of his buying clients to sign an agreement that he gets full commission on any property that he showed me. In this day of Redfin and Realtor.com, if the only value that an agent brings to a deal is finding me properties, and wants me to sign something that guarantees his commission, then that agent clearly has little to offer. I moved on.

[Waiting to feel the magic]

I’m not a lawyer or a realtor, but I can’t see how you owe this guy anything at all. I agree that if he had worked hard for you and things just didn’t work out that it might be nice to throw $500-$1000 his way, but with his current attitude I wouldn’t give him the time of day much less any money.

I met with an agent once who said that he required all of his buying clients to sign an agreement that he gets full commission on any property that he showed me. In this day of Redfin and Realtor.com, if the only value that an agent brings to a deal is finding me properties, and wants me to sign something that guarantees his commission, then that agent clearly has little to offer. I moved on.

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