Comments on: Stop the Insanity!

By: Chris Butterworth

Chris Butterworth — Mon, 28 Sep 2009 14:11:08 +0000

@ Doug – from one extreme to the other! Crickets chirping in January; 60-70 hour weeks this summer. (and income levels weren’t different enough to warrant it!! oh well, watchagonnado..?

By: Doug Francis

Doug Francis — Fri, 25 Sep 2009 00:58:42 +0000

Now that’s a tough market.

Ready, willing and able buyer… did you even have those 12 month’s ago?

By: Colin Stevens

Colin Stevens — Thu, 24 Sep 2009 19:15:27 +0000

I agree with Chris…VERY FRUSTRATING. I’ve lost several deals because if this!

By: Chris Butterworth

Chris Butterworth — Wed, 23 Sep 2009 18:32:44 +0000

@ Daren – good questions…

I think that A) the banks (sellers) do have the final say, and I think that B) the listing agents are in many cases advising their clients (the bank-sellers) of the market’s activity levels and methods to get the best price in the shortest time for their property.

I don’t know that I’d call it unethical, but it is EXTREMELY FRUSTRATING to be representing buyers in this market. Especially people who are ready to write their first offer & haven’t “faught the lions” yet.

I’m convinced knowledge is power, and in this market that’s even more true than ever.

By: Daren

Daren — Wed, 23 Sep 2009 16:08:20 +0000

Is it the bankers we have to blame or the real estate agents? It would seem to me that the agents taking the listings and putting them into MLS at a price that is so far below what they know the bank will accept is pretty unethical. I know ultimately the sellers have the final say but I have a hard time believing the banks are pushing for a list price of $109K when the first mortgage payoff is probably double that.