Alan
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I'm not sure what REO stands for but it refers to a property that was repossessed and now belongs to a bank. A short sale is the sale of a property that is in foreclosure for less than the outstanding loan balance. The sale will come up "short". …
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That's nothing. I owned a place for 4 years and saw less than 10% appreciation over those four years. Then I owned a condo for 5 years and only saw 3% appreciation over 5 years. What does acceptable mean anyway?
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I drove by it this evening. There are a lot of cars and trucks parked in front of it.
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Is this the bottom? http://www.redfin.com/stingray/do/print ... id=1680807 16240 SE 8th St Bellevue, WA 98008 1,770 sqft 4 beds, 2 baths Asking $335k Purchased in 7/2006 for $425k What is wrong with it? Again, I'm going to predict i…
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At least the picture is nicer this time around. I don't know what it will sell for. I wouldn't be surprised if someone picks it up for the asking price. I also wouldn't be surprised if it sits on the market for 9 months and eventually becomes …
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There would be no commission downside to changing the suggestion. Suggest the improvement: If the owner does it the agent wins. If the owner doesn't do it the agent is no worse off. If the owner proposes dropping the commisionable sales price then t…
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I hadn't considered the RE commission angle. Those $20k windows, if they did increase the sales price by $20k, would be worth around $600 to your selling agent. That is more than the total amount Ray makes on a house!
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I hate to say it but I like to hear that too.
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I pronounce an MLSOnline bubble.
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I find it terribly ironic the idea that putting $50k of work and materials into a renovation caused a house's sales price to rise $100k when without the investment it would have risen $60k. I consider the $50k investment to be "guilt payoff" beca…
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I was just providing a visual for your argument.
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This is a graph of the difference between the third feed and the first feed over the past month or so.
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I agree that people have been expected better returns recently
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McDonalds is going after Starbucks hard.
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In theory, if you pulled out $30k and renovated the kitchen it increased the value of the house by that much Way back when I owned a house I looked at doing renovations. Everything I read said that putting $30k into a kitchen increased the pr…
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I like that solution, RCC.
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Alan, this has happened in the early 90s. I disagree. We haven't seen a situation this bad for a long time, if ever. This is a machine of funds, lending, and elaborate moves to guide the economy. That machine has failed miserably. Why …
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Is this it? http://www.redfin.com/stingray/do/print ... id=1667087 15210 SE 178th St Renton, WA 98058 Last Sale: $339,950 (11/30/2006) Asking $249,950 (And what is with the $50 discount from $250k? Do people still fall for that?)
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They know and have more experience then all of us on this forum combined. Nothing like this has happened in our lifetime. How can they have more experience with it?
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11,974
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Yesterday there were 45 listings added between 1600 and 2400 hours. 1600 today has 11959 listings. If we see a repeat of yesterday then we will be just over 12k. We've already passed 2007's peak of 11790.
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Tonight or tomorrow is a pretty good bet. I agree we will be solidly over 12k at months end. On a related note, when will Alan have over 500 posts?
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Hmm.. 419 scam. I didn't see that one coming.
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This is actually the ad that was displayed: http://s280.photobucket.com/albums/kk18 ... ter124.jpg Again, I'm sure those deals exist, but not in Seattle and those aren't pictures of the properties. On the Lafayette ad it said that a refundable…
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I put odds on this being a bait and switch tactic. Those properties may actually exist, but I doubt the pictures are of those properties. The monthly cost they list assumes payment on the remaining loan balance. It does not include fees to get curre…
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Are these people homeowners or applicance salesmen?
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I have no idea where the inflection point is.
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Is that some sort of book? Did you actually read it? I repeat, do I need to send the firemen to your house?
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What are you talking about? Do I need to send the firemen to your house?
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Not to mention, allowing a house to burn reduces supply which causes prices to rise. I think we've found the real solution to prop up prices. Maybe we should pass a law that make some action punishable by burning down the building the crime was comm…