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yellow8yellowm
ParticipantSD Realtor–Our offer was accepted by the seller and the house is not listed anymore. We contemplated trying the whole “reduce the price by 5K every month” thing but decided not to for the same reasons you mentioned–it would probably just piss everybody off we’d lose the house. No matter what, we should be the only offer until the process is finished.
Temecula Guy–So how does it help us to wait four months, considering we have already put in the offer? Our first offer will be priced 20K too high after four months but we will not be getting the discount…Please exlain.
ParticipantSD Realtor–Our offer was accepted by the seller and the house is not listed anymore. We contemplated trying the whole “reduce the price by 5K every month” thing but decided not to for the same reasons you mentioned–it would probably just piss everybody off we’d lose the house. No matter what, we should be the only offer until the process is finished.
Temecula Guy–So how does it help us to wait four months, considering we have already put in the offer? Our first offer will be priced 20K too high after four months but we will not be getting the discount…Please exlain.
ParticipantSD Realtor–Our offer was accepted by the seller and the house is not listed anymore. We contemplated trying the whole “reduce the price by 5K every month” thing but decided not to for the same reasons you mentioned–it would probably just piss everybody off we’d lose the house. No matter what, we should be the only offer until the process is finished.
Temecula Guy–So how does it help us to wait four months, considering we have already put in the offer? Our first offer will be priced 20K too high after four months but we will not be getting the discount…Please exlain.
ParticipantSD Realtor–Our offer was accepted by the seller and the house is not listed anymore. We contemplated trying the whole “reduce the price by 5K every month” thing but decided not to for the same reasons you mentioned–it would probably just piss everybody off we’d lose the house. No matter what, we should be the only offer until the process is finished.
Temecula Guy–So how does it help us to wait four months, considering we have already put in the offer? Our first offer will be priced 20K too high after four months but we will not be getting the discount…Please exlain.
Participant[quote=SD Realtor]Depending on your offer do you know if it washes out the second totally or not?[/quote]
I believe the BPO has been ordered/requested and I am certain that both banks are only going to take a small loss (~50K total). I don’t know how they will divy up the loss though. Yes, we are 4-5 weeks into the process. My main concern is not that we won’t get the house but that our offer is worse every month we have to wait. In my mind the offer should drop 5K or so every month.
Participant[quote=SD Realtor]Depending on your offer do you know if it washes out the second totally or not?[/quote]
I believe the BPO has been ordered/requested and I am certain that both banks are only going to take a small loss (~50K total). I don’t know how they will divy up the loss though. Yes, we are 4-5 weeks into the process. My main concern is not that we won’t get the house but that our offer is worse every month we have to wait. In my mind the offer should drop 5K or so every month.
Participant[quote=SD Realtor]Depending on your offer do you know if it washes out the second totally or not?[/quote]
I believe the BPO has been ordered/requested and I am certain that both banks are only going to take a small loss (~50K total). I don’t know how they will divy up the loss though. Yes, we are 4-5 weeks into the process. My main concern is not that we won’t get the house but that our offer is worse every month we have to wait. In my mind the offer should drop 5K or so every month.
Participant[quote=SD Realtor]Depending on your offer do you know if it washes out the second totally or not?[/quote]
I believe the BPO has been ordered/requested and I am certain that both banks are only going to take a small loss (~50K total). I don’t know how they will divy up the loss though. Yes, we are 4-5 weeks into the process. My main concern is not that we won’t get the house but that our offer is worse every month we have to wait. In my mind the offer should drop 5K or so every month.
Participant[quote=SD Realtor]Depending on your offer do you know if it washes out the second totally or not?[/quote]
I believe the BPO has been ordered/requested and I am certain that both banks are only going to take a small loss (~50K total). I don’t know how they will divy up the loss though. Yes, we are 4-5 weeks into the process. My main concern is not that we won’t get the house but that our offer is worse every month we have to wait. In my mind the offer should drop 5K or so every month.
ParticipantSo what do people do when the husband and wife work 50 miles apart and one of them has to take a huge paycut to change jobs? They won’t change until the commute costs more than the loss of income. Americans will find a way to adapt without having our suburbs turn into ghost towns. You will see more buses and less cars on the freeway long before suburbs turn into ghetto’s.
[quote=bsrsharma]If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.[/quote]
ParticipantSo what do people do when the husband and wife work 50 miles apart and one of them has to take a huge paycut to change jobs? They won’t change until the commute costs more than the loss of income. Americans will find a way to adapt without having our suburbs turn into ghost towns. You will see more buses and less cars on the freeway long before suburbs turn into ghetto’s.
[quote=bsrsharma]If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.[/quote]
ParticipantSo what do people do when the husband and wife work 50 miles apart and one of them has to take a huge paycut to change jobs? They won’t change until the commute costs more than the loss of income. Americans will find a way to adapt without having our suburbs turn into ghost towns. You will see more buses and less cars on the freeway long before suburbs turn into ghetto’s.
[quote=bsrsharma]If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.[/quote]
ParticipantSo what do people do when the husband and wife work 50 miles apart and one of them has to take a huge paycut to change jobs? They won’t change until the commute costs more than the loss of income. Americans will find a way to adapt without having our suburbs turn into ghost towns. You will see more buses and less cars on the freeway long before suburbs turn into ghetto’s.
[quote=bsrsharma]If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.[/quote]
ParticipantSo what do people do when the husband and wife work 50 miles apart and one of them has to take a huge paycut to change jobs? They won’t change until the commute costs more than the loss of income. Americans will find a way to adapt without having our suburbs turn into ghost towns. You will see more buses and less cars on the freeway long before suburbs turn into ghetto’s.
[quote=bsrsharma]If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.[/quote]
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