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XBoxBoy
Participant[quote=SD Realtor]Ten year sell off has been non trivial. Over 50 basis points in 5 business days.[/quote]
And now a week later, and it seems almost all of the sell off has been recooped.
I’m finding the 10yr action particularly odd since by most accounts the “crisis” is easing so we should no longer be seeing a mass buying of treasuries as a flight to safety measure. Any of you savvy investor types have a good explanation of why 10yrs are being scooped up? Is China or Japan suddenly adding large quantities of 10yrs to their reserves? If so why?
Isn’t it expected that in the near future the US will be issuing large quantities of debt, thus the supply of treasuries will flood demand? Wouldn’t that mean lower treasury prices? (and higher yields)
What am I missing here?
XBoxBoy
Participant[quote=SD Realtor]Ten year sell off has been non trivial. Over 50 basis points in 5 business days.[/quote]
And now a week later, and it seems almost all of the sell off has been recooped.
I’m finding the 10yr action particularly odd since by most accounts the “crisis” is easing so we should no longer be seeing a mass buying of treasuries as a flight to safety measure. Any of you savvy investor types have a good explanation of why 10yrs are being scooped up? Is China or Japan suddenly adding large quantities of 10yrs to their reserves? If so why?
Isn’t it expected that in the near future the US will be issuing large quantities of debt, thus the supply of treasuries will flood demand? Wouldn’t that mean lower treasury prices? (and higher yields)
What am I missing here?
XBoxBoy
ParticipantKibu,
Access to sandicor is probably a very small part of the topic of whether to work with a real estate agent or not.
We’ve had a number of discussions about using or not using agents, and for what it’s worth, this is what I’ve come to conclude:
Regardless of whether you work with an agent or not, it is really up to you to get educated, particularly about the neighborhood you are interested in, and for you to be the driving force in any and all negotiations. The agent can be a big help with the logistics of the transaction, but only you can drive the deal to get a good deal, and more importantly, the right deal for you. All too often buyers are too trusting, and don’t educate themselves enough. Also they too often allow themselves to get emotional about the process and this clouds their decision making.
In general, you have three choices for buyers agents. Full service, which will keep all the buyers agent commission, discount, which will rebate back part of the commission to you (typically half to two thirds of commission back to you) or no agent. In the last case, typically the listing agent will keep the buyers commission. In some cases where you approach the listing agent with no agent of your own, you can get the listing agent to rep you and rebate the some of the buyers commission back to you. (Although that is at the discretion of the listing agent.)
My personal feeling is that if you go with full service, you should really expect something from that agent to justify their getting the full commission. But if you are willing to do a good bit of the research and educate yourself, and go to open house, etc, (which as I mention at the top, you should be doing anyway) then a reduced commission agent is a good choice. Lastly, going in without an agent is a tough call. Only if you have really done your research and learned a good bit about the transaction process should you even consider this. Usually, going in with no agent brings you no benefit over at least using a discount broker. The commission will not be reduced, so you won’t get a better price. The only possible advantage is that the selling agent may be inclined to present your offer in a positive light, since they would get the full commission, but I’m not sure that’s that strong of an influencer to get you a significant price reduction.
As always, there are exceptions to these general rules, and every person’s situation needs to be evaluated individually, but I think these general rules are important.
Note however, that I don’t think that access to sandicor is particularly valuable or important. In rare cases you might learn something of value that you wouldn’t find on SDlookup or other sites, but I think that’s the exception, not the rule.
Likewise, working with an agent that is active in the area you are looking might occasionally result in a lead on a house before it hits the MLS, but in this market, not so much.
Just my two cents worth,
XBoxBoy
ParticipantKibu,
Access to sandicor is probably a very small part of the topic of whether to work with a real estate agent or not.
We’ve had a number of discussions about using or not using agents, and for what it’s worth, this is what I’ve come to conclude:
Regardless of whether you work with an agent or not, it is really up to you to get educated, particularly about the neighborhood you are interested in, and for you to be the driving force in any and all negotiations. The agent can be a big help with the logistics of the transaction, but only you can drive the deal to get a good deal, and more importantly, the right deal for you. All too often buyers are too trusting, and don’t educate themselves enough. Also they too often allow themselves to get emotional about the process and this clouds their decision making.
In general, you have three choices for buyers agents. Full service, which will keep all the buyers agent commission, discount, which will rebate back part of the commission to you (typically half to two thirds of commission back to you) or no agent. In the last case, typically the listing agent will keep the buyers commission. In some cases where you approach the listing agent with no agent of your own, you can get the listing agent to rep you and rebate the some of the buyers commission back to you. (Although that is at the discretion of the listing agent.)
My personal feeling is that if you go with full service, you should really expect something from that agent to justify their getting the full commission. But if you are willing to do a good bit of the research and educate yourself, and go to open house, etc, (which as I mention at the top, you should be doing anyway) then a reduced commission agent is a good choice. Lastly, going in without an agent is a tough call. Only if you have really done your research and learned a good bit about the transaction process should you even consider this. Usually, going in with no agent brings you no benefit over at least using a discount broker. The commission will not be reduced, so you won’t get a better price. The only possible advantage is that the selling agent may be inclined to present your offer in a positive light, since they would get the full commission, but I’m not sure that’s that strong of an influencer to get you a significant price reduction.
As always, there are exceptions to these general rules, and every person’s situation needs to be evaluated individually, but I think these general rules are important.
Note however, that I don’t think that access to sandicor is particularly valuable or important. In rare cases you might learn something of value that you wouldn’t find on SDlookup or other sites, but I think that’s the exception, not the rule.
Likewise, working with an agent that is active in the area you are looking might occasionally result in a lead on a house before it hits the MLS, but in this market, not so much.
Just my two cents worth,
XBoxBoy
ParticipantKibu,
Access to sandicor is probably a very small part of the topic of whether to work with a real estate agent or not.
We’ve had a number of discussions about using or not using agents, and for what it’s worth, this is what I’ve come to conclude:
Regardless of whether you work with an agent or not, it is really up to you to get educated, particularly about the neighborhood you are interested in, and for you to be the driving force in any and all negotiations. The agent can be a big help with the logistics of the transaction, but only you can drive the deal to get a good deal, and more importantly, the right deal for you. All too often buyers are too trusting, and don’t educate themselves enough. Also they too often allow themselves to get emotional about the process and this clouds their decision making.
In general, you have three choices for buyers agents. Full service, which will keep all the buyers agent commission, discount, which will rebate back part of the commission to you (typically half to two thirds of commission back to you) or no agent. In the last case, typically the listing agent will keep the buyers commission. In some cases where you approach the listing agent with no agent of your own, you can get the listing agent to rep you and rebate the some of the buyers commission back to you. (Although that is at the discretion of the listing agent.)
My personal feeling is that if you go with full service, you should really expect something from that agent to justify their getting the full commission. But if you are willing to do a good bit of the research and educate yourself, and go to open house, etc, (which as I mention at the top, you should be doing anyway) then a reduced commission agent is a good choice. Lastly, going in without an agent is a tough call. Only if you have really done your research and learned a good bit about the transaction process should you even consider this. Usually, going in with no agent brings you no benefit over at least using a discount broker. The commission will not be reduced, so you won’t get a better price. The only possible advantage is that the selling agent may be inclined to present your offer in a positive light, since they would get the full commission, but I’m not sure that’s that strong of an influencer to get you a significant price reduction.
As always, there are exceptions to these general rules, and every person’s situation needs to be evaluated individually, but I think these general rules are important.
Note however, that I don’t think that access to sandicor is particularly valuable or important. In rare cases you might learn something of value that you wouldn’t find on SDlookup or other sites, but I think that’s the exception, not the rule.
Likewise, working with an agent that is active in the area you are looking might occasionally result in a lead on a house before it hits the MLS, but in this market, not so much.
Just my two cents worth,
XBoxBoy
ParticipantKibu,
Access to sandicor is probably a very small part of the topic of whether to work with a real estate agent or not.
We’ve had a number of discussions about using or not using agents, and for what it’s worth, this is what I’ve come to conclude:
Regardless of whether you work with an agent or not, it is really up to you to get educated, particularly about the neighborhood you are interested in, and for you to be the driving force in any and all negotiations. The agent can be a big help with the logistics of the transaction, but only you can drive the deal to get a good deal, and more importantly, the right deal for you. All too often buyers are too trusting, and don’t educate themselves enough. Also they too often allow themselves to get emotional about the process and this clouds their decision making.
In general, you have three choices for buyers agents. Full service, which will keep all the buyers agent commission, discount, which will rebate back part of the commission to you (typically half to two thirds of commission back to you) or no agent. In the last case, typically the listing agent will keep the buyers commission. In some cases where you approach the listing agent with no agent of your own, you can get the listing agent to rep you and rebate the some of the buyers commission back to you. (Although that is at the discretion of the listing agent.)
My personal feeling is that if you go with full service, you should really expect something from that agent to justify their getting the full commission. But if you are willing to do a good bit of the research and educate yourself, and go to open house, etc, (which as I mention at the top, you should be doing anyway) then a reduced commission agent is a good choice. Lastly, going in without an agent is a tough call. Only if you have really done your research and learned a good bit about the transaction process should you even consider this. Usually, going in with no agent brings you no benefit over at least using a discount broker. The commission will not be reduced, so you won’t get a better price. The only possible advantage is that the selling agent may be inclined to present your offer in a positive light, since they would get the full commission, but I’m not sure that’s that strong of an influencer to get you a significant price reduction.
As always, there are exceptions to these general rules, and every person’s situation needs to be evaluated individually, but I think these general rules are important.
Note however, that I don’t think that access to sandicor is particularly valuable or important. In rare cases you might learn something of value that you wouldn’t find on SDlookup or other sites, but I think that’s the exception, not the rule.
Likewise, working with an agent that is active in the area you are looking might occasionally result in a lead on a house before it hits the MLS, but in this market, not so much.
Just my two cents worth,
XBoxBoy
ParticipantKibu,
Access to sandicor is probably a very small part of the topic of whether to work with a real estate agent or not.
We’ve had a number of discussions about using or not using agents, and for what it’s worth, this is what I’ve come to conclude:
Regardless of whether you work with an agent or not, it is really up to you to get educated, particularly about the neighborhood you are interested in, and for you to be the driving force in any and all negotiations. The agent can be a big help with the logistics of the transaction, but only you can drive the deal to get a good deal, and more importantly, the right deal for you. All too often buyers are too trusting, and don’t educate themselves enough. Also they too often allow themselves to get emotional about the process and this clouds their decision making.
In general, you have three choices for buyers agents. Full service, which will keep all the buyers agent commission, discount, which will rebate back part of the commission to you (typically half to two thirds of commission back to you) or no agent. In the last case, typically the listing agent will keep the buyers commission. In some cases where you approach the listing agent with no agent of your own, you can get the listing agent to rep you and rebate the some of the buyers commission back to you. (Although that is at the discretion of the listing agent.)
My personal feeling is that if you go with full service, you should really expect something from that agent to justify their getting the full commission. But if you are willing to do a good bit of the research and educate yourself, and go to open house, etc, (which as I mention at the top, you should be doing anyway) then a reduced commission agent is a good choice. Lastly, going in without an agent is a tough call. Only if you have really done your research and learned a good bit about the transaction process should you even consider this. Usually, going in with no agent brings you no benefit over at least using a discount broker. The commission will not be reduced, so you won’t get a better price. The only possible advantage is that the selling agent may be inclined to present your offer in a positive light, since they would get the full commission, but I’m not sure that’s that strong of an influencer to get you a significant price reduction.
As always, there are exceptions to these general rules, and every person’s situation needs to be evaluated individually, but I think these general rules are important.
Note however, that I don’t think that access to sandicor is particularly valuable or important. In rare cases you might learn something of value that you wouldn’t find on SDlookup or other sites, but I think that’s the exception, not the rule.
Likewise, working with an agent that is active in the area you are looking might occasionally result in a lead on a house before it hits the MLS, but in this market, not so much.
Just my two cents worth,
XBoxBoy
ParticipantI think it’s also important to point out that not all San Diego is behaving the same. I watch La Jolla pretty closely, and I can tell you that there are no signs of a bottom there. Inventory is way up, sales are very low, and while many sellers are “holding out” a few motivated sellers are smashing the comps in big ways. So, while there might be a bottom in outlying areas where banks are unloading foreclosed properties, I don’t think there are any signs of a bottom in higher priced areas yet.
XBoxBoy
ParticipantI think it’s also important to point out that not all San Diego is behaving the same. I watch La Jolla pretty closely, and I can tell you that there are no signs of a bottom there. Inventory is way up, sales are very low, and while many sellers are “holding out” a few motivated sellers are smashing the comps in big ways. So, while there might be a bottom in outlying areas where banks are unloading foreclosed properties, I don’t think there are any signs of a bottom in higher priced areas yet.
XBoxBoy
ParticipantI think it’s also important to point out that not all San Diego is behaving the same. I watch La Jolla pretty closely, and I can tell you that there are no signs of a bottom there. Inventory is way up, sales are very low, and while many sellers are “holding out” a few motivated sellers are smashing the comps in big ways. So, while there might be a bottom in outlying areas where banks are unloading foreclosed properties, I don’t think there are any signs of a bottom in higher priced areas yet.
XBoxBoy
ParticipantI think it’s also important to point out that not all San Diego is behaving the same. I watch La Jolla pretty closely, and I can tell you that there are no signs of a bottom there. Inventory is way up, sales are very low, and while many sellers are “holding out” a few motivated sellers are smashing the comps in big ways. So, while there might be a bottom in outlying areas where banks are unloading foreclosed properties, I don’t think there are any signs of a bottom in higher priced areas yet.
XBoxBoy
ParticipantI think it’s also important to point out that not all San Diego is behaving the same. I watch La Jolla pretty closely, and I can tell you that there are no signs of a bottom there. Inventory is way up, sales are very low, and while many sellers are “holding out” a few motivated sellers are smashing the comps in big ways. So, while there might be a bottom in outlying areas where banks are unloading foreclosed properties, I don’t think there are any signs of a bottom in higher priced areas yet.
XBoxBoy
ParticipantHaven’t bothered to add many of the recent sales lately, but I thought this one really deserves to be mentioned. Just in case anyone thought that La Jolla was not going to fall as far as other areas, here’s a Seahaus condo that lost 29% or $469,900 since it was bought in late 05.
http://www.sdlookup.com/Property-3A8602EE-5480_La_Jolla_Blvd_J203_La_Jolla_CA_92037
This has got to be a major blow to all the other Seahaus owners who are thinking their property is immune.
XBoxBoy
ParticipantHaven’t bothered to add many of the recent sales lately, but I thought this one really deserves to be mentioned. Just in case anyone thought that La Jolla was not going to fall as far as other areas, here’s a Seahaus condo that lost 29% or $469,900 since it was bought in late 05.
http://www.sdlookup.com/Property-3A8602EE-5480_La_Jolla_Blvd_J203_La_Jolla_CA_92037
This has got to be a major blow to all the other Seahaus owners who are thinking their property is immune.
XBoxBoy
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