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XBoxBoy
ParticipantCashflow,
Be sure to read the previous thread:
http://piggington.com/getting_re_license_for_myselfTo summarize what I learned from that discussion:
Bottom line: the effort to get the license is probably not worth it unless you want to become an agent professionally. Do as much leg work yourself as possible, and get an agent to rep you for 1% and have them rebate the other 2% (or whatever is left) back to you. (There are a couple agents on this site that you could ask if they’d do this, and I suspect one of them would, or you could go to a discount broker)
With just a sales license, you still have to pay a broker.
With no sales experience, the listing agent will see you as a liability and could discourage the buyer from accepting your offer.
It is a major purchase, and I whole heartedly encourage you to get informed, not only about the transaction process, but the market you are buying in, and all relevant details. I also encourage you to be very hands on in the negotiations, and don’t take anyone’s word for anything. But I also think that there’s enough that could come up that’s unique and problematic that you might want an experienced broker helping you.
Just my 2cents though.
XBoxBoy
ParticipantCashflow,
Be sure to read the previous thread:
http://piggington.com/getting_re_license_for_myselfTo summarize what I learned from that discussion:
Bottom line: the effort to get the license is probably not worth it unless you want to become an agent professionally. Do as much leg work yourself as possible, and get an agent to rep you for 1% and have them rebate the other 2% (or whatever is left) back to you. (There are a couple agents on this site that you could ask if they’d do this, and I suspect one of them would, or you could go to a discount broker)
With just a sales license, you still have to pay a broker.
With no sales experience, the listing agent will see you as a liability and could discourage the buyer from accepting your offer.
It is a major purchase, and I whole heartedly encourage you to get informed, not only about the transaction process, but the market you are buying in, and all relevant details. I also encourage you to be very hands on in the negotiations, and don’t take anyone’s word for anything. But I also think that there’s enough that could come up that’s unique and problematic that you might want an experienced broker helping you.
Just my 2cents though.
XBoxBoy
November 12, 2008 at 8:56 AM in reply to: My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed? #303177Participant[quote=Navydoc]I interpret this as throwing money at the problem and hoping it goes away.[/quote]
Isn’t that SOP for the government? Why would they do anything different this time?
November 12, 2008 at 8:56 AM in reply to: My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed? #303538Participant[quote=Navydoc]I interpret this as throwing money at the problem and hoping it goes away.[/quote]
Isn’t that SOP for the government? Why would they do anything different this time?
November 12, 2008 at 8:56 AM in reply to: My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed? #303549Participant[quote=Navydoc]I interpret this as throwing money at the problem and hoping it goes away.[/quote]
Isn’t that SOP for the government? Why would they do anything different this time?
November 12, 2008 at 8:56 AM in reply to: My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed? #303565Participant[quote=Navydoc]I interpret this as throwing money at the problem and hoping it goes away.[/quote]
Isn’t that SOP for the government? Why would they do anything different this time?
November 12, 2008 at 8:56 AM in reply to: My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed? #303622Participant[quote=Navydoc]I interpret this as throwing money at the problem and hoping it goes away.[/quote]
Isn’t that SOP for the government? Why would they do anything different this time?
Participant[quote=La Jolla Renter]I remember at the peak, you could not find anything selling below $1M, not even a 800 sqft teardown. Now, it is happening on a regular basis.[/quote]
When this was on sale in 2006, a realtor my wife and I were using highly recommended this place. (Guess that’s part of why we aren’t working with her any more!)
What I think is hard to establish, is just how much LJ has softened in the last several of months. Most houses were not bought in the last couple of years, so you can’t prove that the price they are currently selling at is less than it would have fetched a couple years ago. But from watching the market closely for the last four years it’s my opinion that there are a number of places on the market at prices 30-40% less than they would have easily sold for in 2005, and they aren’t going pending. That indicates to me a lot more softness than people think.
‘course that’s just my two cents, and I’ve been known to be wrong before…
XBoxBoy
Participant[quote=La Jolla Renter]I remember at the peak, you could not find anything selling below $1M, not even a 800 sqft teardown. Now, it is happening on a regular basis.[/quote]
When this was on sale in 2006, a realtor my wife and I were using highly recommended this place. (Guess that’s part of why we aren’t working with her any more!)
What I think is hard to establish, is just how much LJ has softened in the last several of months. Most houses were not bought in the last couple of years, so you can’t prove that the price they are currently selling at is less than it would have fetched a couple years ago. But from watching the market closely for the last four years it’s my opinion that there are a number of places on the market at prices 30-40% less than they would have easily sold for in 2005, and they aren’t going pending. That indicates to me a lot more softness than people think.
‘course that’s just my two cents, and I’ve been known to be wrong before…
XBoxBoy
Participant[quote=La Jolla Renter]I remember at the peak, you could not find anything selling below $1M, not even a 800 sqft teardown. Now, it is happening on a regular basis.[/quote]
When this was on sale in 2006, a realtor my wife and I were using highly recommended this place. (Guess that’s part of why we aren’t working with her any more!)
What I think is hard to establish, is just how much LJ has softened in the last several of months. Most houses were not bought in the last couple of years, so you can’t prove that the price they are currently selling at is less than it would have fetched a couple years ago. But from watching the market closely for the last four years it’s my opinion that there are a number of places on the market at prices 30-40% less than they would have easily sold for in 2005, and they aren’t going pending. That indicates to me a lot more softness than people think.
‘course that’s just my two cents, and I’ve been known to be wrong before…
XBoxBoy
Participant[quote=La Jolla Renter]I remember at the peak, you could not find anything selling below $1M, not even a 800 sqft teardown. Now, it is happening on a regular basis.[/quote]
When this was on sale in 2006, a realtor my wife and I were using highly recommended this place. (Guess that’s part of why we aren’t working with her any more!)
What I think is hard to establish, is just how much LJ has softened in the last several of months. Most houses were not bought in the last couple of years, so you can’t prove that the price they are currently selling at is less than it would have fetched a couple years ago. But from watching the market closely for the last four years it’s my opinion that there are a number of places on the market at prices 30-40% less than they would have easily sold for in 2005, and they aren’t going pending. That indicates to me a lot more softness than people think.
‘course that’s just my two cents, and I’ve been known to be wrong before…
XBoxBoy
Participant[quote=La Jolla Renter]I remember at the peak, you could not find anything selling below $1M, not even a 800 sqft teardown. Now, it is happening on a regular basis.[/quote]
When this was on sale in 2006, a realtor my wife and I were using highly recommended this place. (Guess that’s part of why we aren’t working with her any more!)
What I think is hard to establish, is just how much LJ has softened in the last several of months. Most houses were not bought in the last couple of years, so you can’t prove that the price they are currently selling at is less than it would have fetched a couple years ago. But from watching the market closely for the last four years it’s my opinion that there are a number of places on the market at prices 30-40% less than they would have easily sold for in 2005, and they aren’t going pending. That indicates to me a lot more softness than people think.
‘course that’s just my two cents, and I’ve been known to be wrong before…
XBoxBoy
November 9, 2008 at 9:13 AM in reply to: OT: China announces $586 billion economic stimulus plan #302212ParticipantSo I’m curious how they will fund their bailout. The USA seems to be funding theirs by a combination of printing money and selling lots of new treasuries. (Which presumably China and other foreigners will buy)
Will China just print money or will they issue debt, or maybe will they sell the existing treasuries that they have. If they just print money, won’t inflation be an issue for them? I was under the impression that inflation was more of an issue already for them than for USA. If they issue debt, who would buy it? The USA??? If they sell their current treasury holdings that would create havoc with the USA’s plans to bail itself out, and presumably would cause the dollar to fall, hurting what’s left of China’s export business. So, what’s it gonna be? How will they fund this half a trillion bailout?
November 9, 2008 at 9:13 AM in reply to: OT: China announces $586 billion economic stimulus plan #302230ParticipantSo I’m curious how they will fund their bailout. The USA seems to be funding theirs by a combination of printing money and selling lots of new treasuries. (Which presumably China and other foreigners will buy)
Will China just print money or will they issue debt, or maybe will they sell the existing treasuries that they have. If they just print money, won’t inflation be an issue for them? I was under the impression that inflation was more of an issue already for them than for USA. If they issue debt, who would buy it? The USA??? If they sell their current treasury holdings that would create havoc with the USA’s plans to bail itself out, and presumably would cause the dollar to fall, hurting what’s left of China’s export business. So, what’s it gonna be? How will they fund this half a trillion bailout?
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