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Waiting to feel the magicParticipant
As a potential buyer in this insane market, the question I’m interested in is whether or not prices are going down more. Right now they appear to be going up. Certainly listing prices are going up and I see properties that seem overpriced (at least to me) going pending. OTOH, I don’t see a lot of sales closing. I hear about increased activities in real estate offices, but I also hear about realtors trimming support staff because the sales aren’t happening and money’s not coming in.
If the banks are going to start putting the hammer down, then it’d be great if they started doing it (again from my point of view).
Waiting to feel the magicParticipantAs a potential buyer in this insane market, the question I’m interested in is whether or not prices are going down more. Right now they appear to be going up. Certainly listing prices are going up and I see properties that seem overpriced (at least to me) going pending. OTOH, I don’t see a lot of sales closing. I hear about increased activities in real estate offices, but I also hear about realtors trimming support staff because the sales aren’t happening and money’s not coming in.
If the banks are going to start putting the hammer down, then it’d be great if they started doing it (again from my point of view).
Waiting to feel the magicParticipantAs a potential buyer in this insane market, the question I’m interested in is whether or not prices are going down more. Right now they appear to be going up. Certainly listing prices are going up and I see properties that seem overpriced (at least to me) going pending. OTOH, I don’t see a lot of sales closing. I hear about increased activities in real estate offices, but I also hear about realtors trimming support staff because the sales aren’t happening and money’s not coming in.
If the banks are going to start putting the hammer down, then it’d be great if they started doing it (again from my point of view).
Waiting to feel the magicParticipantAs a potential buyer in this insane market, the question I’m interested in is whether or not prices are going down more. Right now they appear to be going up. Certainly listing prices are going up and I see properties that seem overpriced (at least to me) going pending. OTOH, I don’t see a lot of sales closing. I hear about increased activities in real estate offices, but I also hear about realtors trimming support staff because the sales aren’t happening and money’s not coming in.
If the banks are going to start putting the hammer down, then it’d be great if they started doing it (again from my point of view).
April 11, 2010 at 10:11 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538894Waiting to feel the magicParticipantI agree the that the listing agent is important, probably more important. They’re the one trying to “herd the cats” (get the banks and the sellers all to agree). However as the buyer you have no control over who the listing agent is.
Control the things that you can control. You still increase your chances of closing the sale with a good agent on your side.
April 11, 2010 at 10:11 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538305Waiting to feel the magicParticipantI agree the that the listing agent is important, probably more important. They’re the one trying to “herd the cats” (get the banks and the sellers all to agree). However as the buyer you have no control over who the listing agent is.
Control the things that you can control. You still increase your chances of closing the sale with a good agent on your side.
April 11, 2010 at 10:11 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538427Waiting to feel the magicParticipantI agree the that the listing agent is important, probably more important. They’re the one trying to “herd the cats” (get the banks and the sellers all to agree). However as the buyer you have no control over who the listing agent is.
Control the things that you can control. You still increase your chances of closing the sale with a good agent on your side.
April 11, 2010 at 10:11 PM in reply to: Do I need a real estate attorney to buy a short sale home? #539256Waiting to feel the magicParticipantI agree the that the listing agent is important, probably more important. They’re the one trying to “herd the cats” (get the banks and the sellers all to agree). However as the buyer you have no control over who the listing agent is.
Control the things that you can control. You still increase your chances of closing the sale with a good agent on your side.
April 11, 2010 at 10:11 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538989Waiting to feel the magicParticipantI agree the that the listing agent is important, probably more important. They’re the one trying to “herd the cats” (get the banks and the sellers all to agree). However as the buyer you have no control over who the listing agent is.
Control the things that you can control. You still increase your chances of closing the sale with a good agent on your side.
April 10, 2010 at 10:59 PM in reply to: Do I need a real estate attorney to buy a short sale home? #539031Waiting to feel the magicParticipantYou should definitely use a realtor that knows short sales really, really well. Indicators would be:
– This person should have completed multiple short sales.
– This person is knowledgeable about the specific behaviors of the different banks: what they are going to tend to ask for, what have been problems with closing deals with them in the past, etc.
– Familiar with all the laws and processes of distressed sales.
If they’re not actively working short sales and
REO properties on a regular basis, your chances of closing the sale are lessened.April 10, 2010 at 10:59 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538765Waiting to feel the magicParticipantYou should definitely use a realtor that knows short sales really, really well. Indicators would be:
– This person should have completed multiple short sales.
– This person is knowledgeable about the specific behaviors of the different banks: what they are going to tend to ask for, what have been problems with closing deals with them in the past, etc.
– Familiar with all the laws and processes of distressed sales.
If they’re not actively working short sales and
REO properties on a regular basis, your chances of closing the sale are lessened.April 10, 2010 at 10:59 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538669Waiting to feel the magicParticipantYou should definitely use a realtor that knows short sales really, really well. Indicators would be:
– This person should have completed multiple short sales.
– This person is knowledgeable about the specific behaviors of the different banks: what they are going to tend to ask for, what have been problems with closing deals with them in the past, etc.
– Familiar with all the laws and processes of distressed sales.
If they’re not actively working short sales and
REO properties on a regular basis, your chances of closing the sale are lessened.April 10, 2010 at 10:59 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538201Waiting to feel the magicParticipantYou should definitely use a realtor that knows short sales really, really well. Indicators would be:
– This person should have completed multiple short sales.
– This person is knowledgeable about the specific behaviors of the different banks: what they are going to tend to ask for, what have been problems with closing deals with them in the past, etc.
– Familiar with all the laws and processes of distressed sales.
If they’re not actively working short sales and
REO properties on a regular basis, your chances of closing the sale are lessened.April 10, 2010 at 10:59 PM in reply to: Do I need a real estate attorney to buy a short sale home? #538079Waiting to feel the magicParticipantYou should definitely use a realtor that knows short sales really, really well. Indicators would be:
– This person should have completed multiple short sales.
– This person is knowledgeable about the specific behaviors of the different banks: what they are going to tend to ask for, what have been problems with closing deals with them in the past, etc.
– Familiar with all the laws and processes of distressed sales.
If they’re not actively working short sales and
REO properties on a regular basis, your chances of closing the sale are lessened. -
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