mukoh
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The agent will still get door fee or whatever else they have with builder. Once again the money paid to agent is a debit to seller not to buyer.
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Builders will not work with buyers directly through contracts. Only through spec levels/upgrades. Good luck avoiding any agent or bringing redfin around. You already probably registered with the site as having had no agent at the time of viewing. …
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Two scenarios. Trustee sale comes up, investor buys the house, and wants you to remain a renter at current lease, likewise with some banks that I have seen. This scenario will usually be known to you 1-2 weeks before trustee sale. Likewise someo…
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I have owned properties for over 11 years. Not a huge term. This is land, multi unit properties, and such. My partners/acquaintances, have been in multi unit, mixed use, land, duplexes, sixplexes etc., since late 70s and later. One has 8000+ apartme…
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RCC, People who are high up, that have intent and have done things the way they have been done for countless decades will never witness anything. As a gray area where there haven't been prosecutions in my memory. Good luck finding anyone with anyth…
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I highly doubt you will see large amounts of people involved in handcuffs, unless they have been talking out loud in a public place after a few too many. To realize why, is to know just how the system has worked for a long long time and how many …
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TJ, Foreclosure sales are recorded in a few different ways nowadays. But typical is, amount of outstanding + anything in arrears, late fees, recording fees, trustee fees and etc. So anything that was a debit to previous owner is rolled into foreclo…
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DJ, Renton, depending on who you ask has seen homes that were brand new in 07 for $480s come down to $370s now.
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DJ, Would love to see some great stats on what % of these SUPER SECOND WAVE loans have already been refied, gone back, foreclosed, renegged and or got modified. Have not been able to find it. Local bank/lenders have interesting figures, not publ…
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The AltA loans have been discussed from CNN to WSJ, and even Fox for months. 60 Minutes brings out an analyst from a lower tier firm with a "NEW" reveleation. Thats what is funny about it. Much as TVs were rolling ratings on "NEW" reveleations on ho…
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TJ, Talk about overthinking and overanalyzing took a whole 2 minutes to read through the article to discover that WHOLY WOW, the analyst so talented as to discover this thing called Alt-a and OptionA, is the next Warren. This topic has been beat…
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There are definitely fire sales that make my check book burn in my pocket. Some projects are on giveaways. Awesome deals.
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In the last two months I have observed through my relationships with top tier apt owners a decrease in calls/looks and leases signed, Portland and Eugene as well. They have put a few of their land holdings that can be built right now to the tune of…
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IMO, there is no real market wide bottom that can be predicted. Some areas will bottom quicker then others.
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DR Horton's auctions though have a caveat in they. They have a reserve on every house. Which is their cost + expenses.
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I spent quite a bit of time in SD this summer, was shocked at things like "Perfect Starter Home" for $700k a 1500 Sq Ft townhome. That is pretty regular there.
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The initiatives were definately interesting. Hopefully the reps will forget about their ideals as they are mentioned. Nevertheless the new president is welcomed by over 60%+ in the world. He can hopefully stand up to the job. Georgia and Ukrai…
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Never figured you were a bible thumper.
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He has a lot of work ahead of him. I think he has the intellect to do it. We now have a new spokesperson for Viagra. John McCain will repeat the Dole trail. Dole's wife lost her race as well.
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Have you been to SD lately Tim? My house would be $1.5m there. The median is not an accurate metric.
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Believe RobRoy is busy watching the new presidents speech.
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LUC, I was referring to a particular email by Ballmer. You are referring to an article. If you read the email then you would understand what was being talked about.
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Ummm. LUC. I saw an email a week ago. IMHO MS doesn't forge timestamps. What is your point? My point was is contractors got pushed a ton of work just last week. One medium company is billing MS over $85k a week as of last week. That is what MS …
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DJ, depending on the builder, history and future earning potential banks are taking loans off the books by converting the construction loan PU to regular investment loan. Some are as low as 2.5%.
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DJ, Can't rake everything in there with the same comb. There are builders who are waaaaay overstretched as their margin was 20%. Which was wiped out in a flash, and the bank is letting them reduce principal, take partials, and do anything to keep …
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LUC, From the email sent out internally by Ballmer they are "strategically evaluating" hiring for open permanent positions. In the meanwhile people who have come back from this weeks conference have said that record amount of work is pushed to cont…
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RCC, How can you really average it out unless you pin the areas. For example Bellevue is going to have Medina, Enatai, Yarrow Bay, Clyde Hill, Somerset, and the likes included which have been $400-$500 a foot?
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RobRoy, That huge facility was also 15% of what the Everett facility is. Majority of it was engineers. Who BTW I know of quite a few who are now $20k higher a year in pay and working at Everett for $80k a year. Not bad apples. Renton facility wa…
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I can see how boeing can get so tired of the lazy unions that they just theoretically uplift and go to china where there is no unions, they got rid of them a long time ago via a firing squad. US/State would probably give boeing whatever it wants to …
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Hahaha, I had a contract on that house for way less then what this guy bought it for. It was going to be a 6 lot subdivision with great views, since it is blocks from my place, it was an inside deal before they went to their agent on it and had it …