CALL TO SEE TODAY
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
www.MyRealtorBarbie.com
Barbarainc@gmail.com
Coldwell Banker Nautilus
9535 Mission Gorge Rd #E
Santee, Ca 92071
Showing posts with label Real Estate Market. Show all posts
Showing posts with label Real Estate Market. Show all posts
Monday, August 3, 2009
$280,000 LAKESIDE 4/3 +FIREPLACE, SM YARD
$280,000 LAKESIDE 4/3 +FIREPLACE, SM YARD
CALL TO SEE TODAY
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
www.MyRealtorBarbie.com
Barbarainc@gmail.com
Coldwell Banker Nautilus
9535 Mission Gorge Rd #E
Santee, Ca 92071
CALL TO SEE TODAY
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
www.MyRealtorBarbie.com
Barbarainc@gmail.com
Coldwell Banker Nautilus
9535 Mission Gorge Rd #E
Santee, Ca 92071
Wednesday, June 24, 2009
Tread Carefully When Making a Low-Ball Offer
Tread Carefully When Making a Low-Ball Offer
These days, it’s easier to make a low-ball offer than it used to be, but still it’s important to be smart. Here are some things that a real estate practitioner and would-be buyer should consider when contemplating such an offer:
— Use foreclosures as comps carefully. Look realistically at the prices foreclosures in the neighborhood brought. Foreclosures aren’t good comps if the homes were stripped of appliances, pipes, HVAC, etc.
— Examine details of short sales critically. How many liens were there against low-selling short sales? If there were no secondary liens, the lender had considerable flexibility.
— Establish realistic time frames. Even in the best of circumstances, foreclosure takes a long time. Will the seller play the waiting game? How long have houses whose owners have equity stayed on the market? Is the buyer in a hurry?
If your buyer makes a low-ball offer, the bank probably won’t be in any rush to take it. They’ll likely just keep soliciting offers without coming back with a counter. Ultimately, the property is likely to sell for a higher price and, chances are, you and your buyer won’t know it until the deal is done.
Source: ThinkGlinck, Ilyce R. Glink (03/30/2009)
REALTOR® Magazine-Daily News-Tread Carefully When Making a Low-Ball Offer
Shared via AddThis
These days, it’s easier to make a low-ball offer than it used to be, but still it’s important to be smart. Here are some things that a real estate practitioner and would-be buyer should consider when contemplating such an offer:
— Use foreclosures as comps carefully. Look realistically at the prices foreclosures in the neighborhood brought. Foreclosures aren’t good comps if the homes were stripped of appliances, pipes, HVAC, etc.
— Examine details of short sales critically. How many liens were there against low-selling short sales? If there were no secondary liens, the lender had considerable flexibility.
— Establish realistic time frames. Even in the best of circumstances, foreclosure takes a long time. Will the seller play the waiting game? How long have houses whose owners have equity stayed on the market? Is the buyer in a hurry?
If your buyer makes a low-ball offer, the bank probably won’t be in any rush to take it. They’ll likely just keep soliciting offers without coming back with a counter. Ultimately, the property is likely to sell for a higher price and, chances are, you and your buyer won’t know it until the deal is done.
Source: ThinkGlinck, Ilyce R. Glink (03/30/2009)
REALTOR® Magazine-Daily News-Tread Carefully When Making a Low-Ball Offer
Shared via AddThis
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
Coldwell Banker Nautilus
9535 Mission Gorge Rd #E
Santee, Ca 92071
Lic. #01742839
Wednesday, July 23, 2008
Finally Something to Blog About
Today, I saw a positive spin in the media. Sure it was a group of Realtors who published the reports, but so many mornings I open the industry news to negative headlines, reporting negative numbers. Finally the words "SURVEY INDICATES BROKERS ARE SEEING AN EASING OF ADVERSE MARKET CONDITIONS" And "HOUSING STARTS IN CALIFORNIA INCREASE 9.2 PERCENT IN JUNE" jump out of the headlines at me!
Sure It may be the only positive thing said in the story, but for me its just the glimmer of hope I need just to stay sane.
I have people, some of the people I call friends, trying to sign me up for get-rich-quick schemes weekly! I've heard all about the Acai Berry and the $37 bottles of juice that promise to give you more natural energy and healing power than any other plant in nature - by 300 times, And...its only $39 to start your own company today! I've sat through the presentation about the protection Pre-paid legal services provide, and baffled the presenter with what it doesn't provide (for me anyways.) Some of these friends have even fallen victim to the old "Start a travel website and make money in your spare time." Bolognia!
These are people I care about- but they all seem to think that "I am the crazy one" for being in this market. Not only Being in it, but starting out in it. That I am crazy for staying in a business where I don't have a reliable stream of income. Maybe I am, or maybe the Acai Berries are getting to me?
Sure It may be the only positive thing said in the story, but for me its just the glimmer of hope I need just to stay sane.
I have people, some of the people I call friends, trying to sign me up for get-rich-quick schemes weekly! I've heard all about the Acai Berry and the $37 bottles of juice that promise to give you more natural energy and healing power than any other plant in nature - by 300 times, And...its only $39 to start your own company today! I've sat through the presentation about the protection Pre-paid legal services provide, and baffled the presenter with what it doesn't provide (for me anyways.) Some of these friends have even fallen victim to the old "Start a travel website and make money in your spare time." Bolognia!
These are people I care about- but they all seem to think that "I am the crazy one" for being in this market. Not only Being in it, but starting out in it. That I am crazy for staying in a business where I don't have a reliable stream of income. Maybe I am, or maybe the Acai Berries are getting to me?
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