'Fess up fellow ziprealty gloaters

User Forum Topic
Submitted by mrquoi on June 9, 2006 - 11:59am

I am not ordinarily a person who slows on the highway to check out a wreck. But I cannot help myself.

I have a lot of houses saved in "my homes" on the Ziprealty site. Over the past month I think 1 of 25 has sold. These are pretty average houses for their areas. But, every time I login and all those houses are still available, I gloat. It is not a pretty side of me, I must admit.

Then there is this utter unseemliness that overtakes me when I see price reductions. There's a house in Mission Hills that's fallen from $860,000 to $799,000. The one in Solana Beach that's been reduced 4 times from $985,000 to $925,000. The one in Mira Mesa that's gone from $575,000 to $500,000. The one in Encinitas from $749,550 to $695,550. The one in Leucadia that's gone from $799,000 to $699,000.

Submitted by ocrenter on June 9, 2006 - 12:20pm.

saving of homes is one of the best features about ziprealty. not only does it allow you to track price reductions (or tricks like price increase of $100 followed immediately by a 4100 reduction), but if you save the "inactive" homes, you can catch those re-listings aimed at getting that ZERO DOM.

Submitted by PD on June 9, 2006 - 12:22pm.

The house across the street from me has been for sale for over 500 days yet you would never know it by the DOM.

Submitted by sunsetbeachguy2 on June 9, 2006 - 2:34pm.

I am in 92648 coastal Huntington Beach.

Inventory is high and growing.

334 for sale today per ziprealty, with at least 2 more FSBO on top of that.

42,000 people live in this zip, with an AGI of $78K

Pop to listing ratio of 125.

Average price guess is about $1.2.

Yes, I derive pleasure from helping to puncture the bubble psychology of smug easy money.

Famous quote from multiple sources.  "The least we can do is comfort the afflicted and afflict the comfortable."

Submitted by powayseller on June 9, 2006 - 3:21pm.

I had lunch with my friend Bob Casagrand today, and he told me he's had many instances of sellers bringing money to closing.

He only works with buyers. To him, listings waste too much time. That said, his buyer's seller paid $540K for a house that's selling for $480K, so they have to bring $60K + commission to closing.

Condo sellers are offering him 3.5% - 4% commission.

He gets all these buyers by having a website. He has so many buyers now, he refers some to other realtors. His business is booming.

Bob understands how to use the internet to leverage his business. Too many realtors out there are still doing business the old way: pounding the pavement, putting ads in papers, printing flyers, holding Open Houses, and putting listings on realtor.com.

Like I wrote a few months back, listings used to guarantee a commission, but no more! You're dealing with sellers who overprice their homes, and you end up spending thousands of dollars marketing the home which doesn't sell because they won't take your advice on lowering the price.

Enter the buyer's agent. You deal only with buyers. You make sure the buyer doesn't get attached to one home. Homes are not like spouses: don't think there is one soulemate. Find 4-5 homes, give a 24hr offer period on each and make it a firm and final offer that is below market price, and if they counter, move on to the next one.

What I like about Bob is that his is upfront with all his customers. He tells them not to expect appreciation, not to refinance, to get a mortgage they can live with a long time.

Bob's business experience is amazing. Guys like him always figure out how to improve on things, find an edge. He's a family man, very smart, very nice. I am fortunate that he considers me a friend.

Bob said that the outflow of people is amazing. On a recent weekend he took his buyer to see 5 homes, and each seller was leaving SD upon sale. We've got 15K families/year leaving SD, meaning 15K/year vacant homes. It's the slower sales that's increasing the inventory.

Don't rely on pendings to forecast next months' sales. Pendings often fall out of escrow, as lenders are starting to tighten up on first time buyers.

He said the market topped in August 05 for high end, in August 04 for low-end homes. This market has been decline since August 2004, and I didn't even know about it!! Again, don't ever count on the media or your realtor to tell you the truth about housing. They are just as cluelss as the average joe on the street.

When I am ready to buy, Bob is my guy to go to. He understands the market better than any realtor I have ever come across. A true buyers' agent.

Submitted by Farls on June 10, 2006 - 4:54am.

Powayseller,
Long-time, no talk. I like your posts...at least most of them...haha.

Regarding your meeting with Bob Casagrand....You're very convinced he's a great person and a great Realtor. Which I think is just fine...The items I'll mention below are in no way a personal attack on Bob (or you)...as I think he says a lot of the right things (per your posts) and has a lot of the right data.

1) He only works with buyers. To him, listings waste too much time.
This is an interesting statement. The top agents will always do a lot of transactions via listings. It's been said in the real estate business that it takes approximately 10 times the time, energy and effort to make a buyer sale compared to a listing sold. (I understand that it takes longer for a listing to sell than during the previous "hot" market.) Most of the agents that are specifically buyers agents are typically inexperienced or don't have any good specific reasons for a seller to list a property with them. If you were a top agent would you want to spend your weekends driving around clients who will only write lowball offers? With all Bob's data...don't you think he could make a proper listing presentation to get a seller to list his/her home (with Bob) at a price that would cause it to sell? Good listing agents take listings that will sell...and walk away from ones that won't. Scared agents who don't feel they have the ability to compete against experienced listing agents don't try to get the listings at all....So, why would Bob not even try to take salable listings?

2) Condo sellers are offering him 3.5% - 4% commission.
You make it sound as if these sellers are only offering HIM these commissions. The commission amount to the buyers agent is stated in the MLS (and agreed upon by the seller at the time the Listing Agreement is signed) and is the same to whichever buyers agent brings the offer that gets accepted.

Wouldn't this also show that sellers are now willing to pay MORE commission to get their home sold? I thought we were moving into the time of a 3% total commission...and making Realtors obsolete....

3) He gets all these buyers by having a website. He has so many buyers now, he refers some to other realtors. His business is booming.

Great for Bob...I'm glad he's doing well.Could you please ask Bob how many transactions he's closed year-to-date so we can get a feel for the type of activity that's out there for agents now? Good agents prioritize "leads" and refer lower quality ones to other agents. So, he's doing the right thing there...

4) Bob understands how to use the internet to leverage his business. Too many realtors out there are still doing business the old way: pounding the pavement, putting ads in papers, printing flyers, holding Open Houses, and putting listings on realtor.com.

I agree with some of this. But as a point of clarification: Agents don't put listings on Realtor.com. They are a default directly from the MLS which the agent has no control over when they appear (Usually within a day or two..as a new listing) or disappear (when it goes into pending). The agent does have control over the description of the listing and can pay an extra fee to be able to add custom copy and extra photos. In my opinion as a former agent that did a lot of listings...Realtor.com was by far the best way to show a listing via the internet. The amount of hits on that site will blow away any that Bob (or any other agent with their personal website) gets on their site. I wasted money on several of my own websites before just putting the money into Realtor.com. (This has been said by SDRealtor on earlier posts and is exactly right.)

5)Like I wrote a few months back, listings used to guarantee a commission, but no more! You're dealing with sellers who overprice their homes, and you end up spending thousands of dollars marketing the home which doesn't sell because they won't take your advice on lowering the price.

A lot of what you say is true...But a lot of these are listings that were taken by desperate agents, working for mom-n-pop unknown companies whose only reason they got the listing was them saying...."I'll do it for less". A good listing agent with the proper data, comps and "objection handling" skills can still get a listing that is priced right and will sell....

6) Enter the buyer's agent. You deal only with buyers. You make sure the buyer doesn't get attached to one home. Homes are not like spouses: don't think there is one soulemate. Find 4-5 homes, give a 24hr offer period on each and make it a firm and final offer that is below market price, and if they counter, move on to the next one.

Interesting. Weren't you the one who said there was little value in a buyers agent earlier...and that all people find their new home on the internet...and that you just need an agent to handle the paperwork....and you expect the agent to give you a large proportion of his/her income???

7) What I like about Bob is that his is upfront with all his customers. He tells them not to expect appreciation, not to refinance, to get a mortgage they can live with a long time.

Great! I agree....

8)Bob's business experience is amazing. Guys like him always figure out how to improve on things, find an edge. He's a family man, very smart, very nice. I am fortunate that he considers me a friend.

Wow, you're laying it on pretty thick here. Are you seeking a campaign contribution from him? Just kidding. All this is great...But it doesn't make him a great or successful person in the real estate business. I've met former landscapers that become so good at helping their clients that they sell several hundred homes per year and make millions of dollars doing it....In a nutshell, a prior business career certainly helps in understanding dealing with people, situations, processes etc...But it does not guarantee a sucessful real estate career. I personally would choose an experienced person in real estate to handle my transactions.

9) Bob said that the outflow of people is amazing. On a recent weekend he took his buyer to see 5 homes, and each seller was leaving SD upon sale. We've got 15K families/year leaving SD, meaning 15K/year vacant homes. It's the slower sales that's increasing the inventory.

With so many sellers wanting to leave town...you'd think there were some salable listings out there.....People who would price their home to sell at the right price...

10).......don't ever count on the media or your realtor to tell you the truth about housing. They are just as cluelss as the average joe on the street.

Bob=Truth in all real estate aspects.
Other Realtors= "Dipsh*ts".........as you said in an earlier post

Again...my business goes to an active agent that does a lot of business...especially in my neighborhood....

11) When I am ready to buy, Bob is my guy to go to. He understands the market better than any realtor I have ever come across. A true buyers' agent.

Again Powayseller, you earlier said a buyers agent was a highly paid taxi driver.....and all people find the home by themselves on the internet...I thought you said the Mackey Team was the team to go to??? I thought you would just have an Attorney do the paperwork so you could put the commission savings in your pocket???

OK...Finally finished and sorry for the rambling.....and nothing personal in this post...

Farls

Submitted by powayseller on June 10, 2006 - 6:36am.

To understand the RE market, you need the contact with a realtor who is in the market. When I said I would go to Bob, I meant as a consultant. I would pay him a fee for the advice on the market conditions.

You seem interested in the way Bob does his business. I am sure he would love to share it all with you. Why don't you just e-mail or call him, and you can get all the other questions anwered.

Schahrzad

Submitted by Farls on June 10, 2006 - 7:28am.

Actually, I'm not at all interested in the way Bob does his business so there's no need for me to contact him. I'm more interested to see how much business he actually does. Even though he may be a great guy with a solid business background I suspect he doesn't sell very many homes. If you're going to be promoting him so strongly I think you owe it to the people visiting the site to show if he actually sells homes...or just puts out good data. We had this discussion awhile back........

Farls

P.S. Powayseller, I think you were right to sell your home when you did...and I feel the market is in for a big correction....I'm shocked at the journalists who continue to print articles saying prices are still increasing across the board...So, we do agree on these and many other areas of the market...

Submitted by Chris J on June 10, 2006 - 9:47am.

Chris Johnston

Sunset, I assume you are the same person who participates in Lanser's blog? If you are would you mind giving the link to that place that updated listings in OC each week. I think it was OC Renter's blog. That link does not seem to be working right now. Would you mind re-posting that here?

Submitted by North County Jim on June 10, 2006 - 10:26am.

I would pay him a fee for the advice on the market conditions.

For you PS, a colossal waste of money. With the amount of time you put into this, why would you pay for his advice?

Submitted by sunsetbeachguy2 on June 10, 2006 - 10:33am.

Yep, same guy from Ben's and Lansner's.

 

Here is OC Renter's blog.

 http://bubbletracking.blogspot.com/

 It is on blogger and blogger is notoriously unreliable, but you get what you pay for and blogger is free.

Submitted by Chris J on June 10, 2006 - 12:38pm.

Chris Johnston

Thanks sunset. I have my blog there also, and it is unreliable at times.

Submitted by powayseller on June 10, 2006 - 3:22pm.

Farls, he told me he's involved in 8 deals right now, and is turning away business. His first 2 years in RE were slow, and he is now getting busy, as his website is finally generating lots of leads. I know you can look up his sales, so why are you asking me? You can look this up yourself.

What I like about him is that he knows how to work the system, how to take advantage of the rising inventory.

I bet there are realtors out there who have 20x the real estate sales experience and sales of Bob, who haven't figured out that internet appeal matters more than curb appeal, that you don't let yourself fall in love with just one house, and that you write up 4 offers with 24-hour windows before you submit your first offer so you have negotiating power, and can walk. He never carries a contract with him in the car.

I put all this out there to help you and sdrealtor and other realtors who visit this forum. That's why I suggested you talk to him. He's a mentor type of guy, and he has no secrets. He likes to help people.

Submitted by sdrealtor on June 10, 2006 - 6:16pm.

Bob has sold 3 low priced properties for a total of approximately 1.3M. He has no listings and nothing in escrow unless it is directly with a builder (i.e.not in the mls). These properties were located in Lakeside, Pacific Beach and South SD. That's alot of humping around. Two of the buyers did 100% financing. The other put down about 20% and must have a rich Dad. Her last name you might wonder????........Casagrand

I currently have 3 listings in escrow none of which is more than 3 miles from my home and one of which will sell for more than his 3 sales combined. One more thing...I've never sold a home to a buyer with 100% financing though a couple of my lsitngs have been bought by buyers with 100% financing.

Submitted by equalizer on June 11, 2006 - 12:22am.

After seemingly months of watching this debate go on, its time for me equalize this debate. No disrespect for anyone here is intended. My background as an engineer with an MBA has taught me "nothing" about the RE or loan industry. My experiences from buying two homes and selling one and talking with friends/colleagues have taught me a lot. Powayseller, you are approaching this discussion from a scientific manner, which to put it bluntly is IRRELEVANT. As sdrealtor has stated, this is a industry that is COMPLETELY based on emotion (OK, neg am loans due play their small part). The despicable ad put out by REALTORS that had the wife demanding a place with a realtwhore on speakerphone stating that you can do this is worthy of PhD topic since it IS how RE industry operates. Geeks on the fringes like us may use spreadsheets, statistical models, etc to help make RE decisions, but most people see friends in fancy digs and follow them blindly. That’s why RE prices are now at 10 times avg income.
As for the internet driving 80% of sales I DONT believe it. [I only speak when I'm confident on an issue and this leads to many arguments with co-workers because they never believe me. Unfortunately, even though I'm always right, people don't trust me because they are either arrogant or they are evoking a self-defense mechanism that is guarding their ego, memory, etc]
Yes, people may look at houses on realtor.com, but that will generate a call to the agent, i.e. a sales lead. Where does Bob generate his leads? Did he game the search engines or pay them to be a top listing? For example, Google search for "Poway homes" delivers many agent websites, some from ads purchased on sides and others from gaming the system. I don’t see Bobs name. But wait. How many people who are looking for an $800K Poway home going to blindly put in Poway homes in Google?? Bob sounds like a number crunching economist who probably saves whales in his spare time and sdrealtor [is he really jim the realtor??] may be destroying north county preserves in his hummer, but the latter two are going to get your house sold. They may not show you 100 homes, while Bob might.
Enough said. Good night!

Submitted by powayseller on June 11, 2006 - 7:32am.

sdr - I find it in poor taste to display the names of a realtor's clients on a blog. It also shows a lack of research skills and sexism to assume that a female putting down 20% on a home got the money from her rich dad. What if she got it from the sale of a prior home? Shouldn't the realtor have access to that information?

The 80% figure comes from the NAR, I think. They found that when someone buys a home, 80% of the time, they saw it first on the internet. The rise of realtor.com and RE portals and their rise in traffic is proof.

equalizer - When I listed my home, I got a weekly e-mail from HelpUSell with the number of people who viewed my home on the web, along with the referring website, and some nice charts. I had about 200-300 hits/week. Pretty cool. I know of at least 2 people who came to see my house because they found it on the web. I didn't ask the others. Your knowledge of RE is limited by your most recent experience. I speak regularly with several realtors and a loan officer, and I feel each conversation enlarges my understanding of what is happening. I disagree with your assessment completely, and stand by my story.

As I wrote before, Bob generates his leads completely off his website, where he gets potential buyers that sign up for his monthly newsletter. He attracts buyers who like his consulting style. I don't know how they get to this website. Maybe the same way I found him?? Maybe the same way the housing industry analyst at Credit Suiss First Boston found him? (They call him for their San Diego updates.) Bob is a savvy businessman. He's turned around divisions in companies in the US, Europe, and the Middle East. His savvy have led him to approach RE in this way, and he figured this out on his own.

I'm pretty sure that sdr is not jim the realtor. Jim has a love of data and analysis, and sdr is a schmoozer who acts off-the-cuff and skims the threads he responds to. Completely different personalities/skills.

Submitted by PD on June 11, 2006 - 8:21am.

The way a person finds a home these days may be somewhat generational. My mother hates computers and distrusts them in a weird way. She puts herself completely in the hands of her realtor, who she finds through referrals. A great website won't help her much.

A friend of mine just bought a home completely over the internet (I've mentioned this before). I checked out her realtor's website. It was very complex and had a lot of information. His website was instrumental in my friend using him as a realtor.

I think it is possible that the younger the buyer, the higher the probability that they are going to rely heavily on the internet for their purchasing.

As for emotion ruling the recent craziness in RE purchasing, that is very true. However, no matter how much a person may want that hard-to-care-for travertine and those stain-prone granite countertops, if no one is eager to help you get into your crushing mortgage, no sale. Further, people are not going to be able to lug their granite countertops out to the driveway and sell them to cover their insane mortgage payments. It has to stop. It will stop and the emotion is going to go the other way.

Submitted by sdrealtor on June 13, 2006 - 2:49pm.

PS
I'm not surprised yopu find everything I say in poor taste but time and again someone who has been quietly lurking steps forward and agrees with me not you. You also show a lack of any sense of humor. Farls asked a question and I answered it. Here are the facts. Your friend has sold 3 homes in his career per the MLS and one was to a relative. The other 2 sales were 100% financed within the last 30 days. You rip apart agents and lenders that do this but fail to condemn "your friend" when he does. The buyer's he attracted so far both had hispanic surnames and finaced 100% of their purchases. He has sold homes to people w/o any equity beleiving that prices were going down. Surely he must know these people are heading for trouble?

As for Jim the realtor (no we arent the same people), I have a good deal of respect for him. Though I dont know him personally, I beleive he's bright, honest, skilled and ethical. However, to say he knows data and I dont is far from accurate. If we both sat down with spreadsheets and calculators, I could run circles around him. Here's the difference between us. Jim and I both know that the raw data is absolute garbage (ever heard the saying GARBAGE IN....GARBAGE OUT). While Jim beleives you can follow trends of flawed data, my experience with complex market research studies and statistical analysis does not let me beleive this (nor would the 2 former marketing executives of Fortune 50 companies that I have directly reported let me). I have found that my gut intuition is a far accurate and reliabel predictor of what is coming than the data.

here's what I find in poor taste. You promoting some Realtor again that you know nothing about. I gave the facts of what he has done. Maybe he has sold a bunch outside of the MLS that I dont know about. I dont remember who on this board said it, but the best way to judge a person is by their actions not their words.

Lastly, The funniest part is you accusing me of skimming threads. Time and again you pick what you want out of my posts yet ignore the MAJOR POINTS I make.

Submitted by powayseller on June 13, 2006 - 5:16pm.

Hi sdr - the skimming refers to my post about seeing an attorney to review my lease and you wrote something about me having landlord problems. Another poster commented on you not reading it accurately, as she explained it to you.

I disagree with real estate as a noble profession. I don't think anyone should be selling real estate right now, but at least he is honest and tells his clients that real estate is going down, and his website has the data to prove it. That's why I can overlook what he does. He tells his clients to buy only if they can afford the payments and can ride out the cycle. I've had other realtors tell me that RE only goes up.

Like you, he has to convince himself that people need homes, or neither of you could continue your jobs. He is new in the business, and has fewer sales behind him, but as I said, he is so busy now, he is turning away business. Instead of congratulating him, you look him up, and try to find flaws. You attack his data, his sales history, the races of his clients. Why? Are you jealous? Are you feeling left out? I am impressed with his character, and he's really nice. Please don't feel left out. If you keep being nice to me, I will praise you also. Promise!

I also like Bob because he is like a business mentor I never had, and I can learn so much from him. He's wise, he's funny, and he's interesting.

Submitted by PerryChase on June 13, 2006 - 5:59pm.

Thanks for the facts SD Realtor. PS was promoting her friend Bob because she likes him. His listing and sales history clearly show that he's not such a successful realtor after all. The fact that he sold a home to his daughter is very relevant to evaluating his sales leads.

Submitted by sunsetbeachguy2 on June 13, 2006 - 6:45pm.

Another hijacked post.

 Poway Seller you are truly prolific.

 Have you ever considered setting up your own blog?

 SD Realtor:

Are you the Poway Seller cop?

 I don't enjoy reading either of your tiffs.

Submitted by lostkitty on June 13, 2006 - 6:48pm.

SDR-

"While Jim beleives you can follow trends of flawed data, my experience with complex market research studies and statistical analysis does not let me beleive this (nor would the 2 former marketing executives of Fortune 50 companies that I have directly reported let me). I have found that my gut intuition is a far accurate and reliabel predictor of what is coming than the data."

Phew - where to begin...? First of all, you say you respect Jim the realtor, and then you say he follows "flawed data". So, you are saying he is not smart enough to know the difference? Not as experienced as you are? Or what?

Secondly, I can hardly understand what you are saying in the above sentences. Please reword - especially the part about "the 2 former marketing executives of Fortune 50 companies that I have directly reported let me." Huh?

Thirdly, I cannot believe you made that comment about "Hispanic" last names. What the heck are you insinuating?

Finally, I've pointed out before (only because you use this word so often) that your spelling of 'believe' is wrong every time. It is B-E-L-I-E-V-E.

Submitted by Bugs on June 13, 2006 - 9:29pm.

I always get that one wrong too.

Submitted by novice1027 on June 13, 2006 - 9:35pm.

Just remember, there is always a "lie" in believe. The only way I can remeber it. A negative twist my second grade teacher gave us, lol

Submitted by sdrealtor on June 13, 2006 - 9:48pm.

Perry Chase
Exactly!

Once again another participant steps forward to agree with the voice of reason.

As for the Hispanic surname, if anyone is intimating that I'm racist...ya got the wrong guy! The reality attached to my comment is thus. The low end of the market is dead and the dominant group buying at the low end is hispanic buyers being exploited by unscrupulous Realtors and Lenders. I dont know Bob from Adam but find it interesting that this guy who is "turning away business" has nothing in escrow and has only sold two homes to people unrelated to himself with 100% financing to boot. As for my spelling, i type fast and dont proofread my posts. I value content over form and those of you that do also get my points.

Submitted by sdrealtor on June 13, 2006 - 9:57pm.

Equalizer,
Thank you also for understanding that the seemingly scientific approached employed by PS to real estate sales is far from perfect.

Those of you who dont know Lost Kitty, she is clearly a PS apologist. Get a life Kitty. PS can stand on her own two feet and doesnt need your help. Inteligent minds can follow my content. The truth is homes sales data is horribly reported and full of flaws and errors. I know this and Jim knows this. Its no secret. Jim and our host Rich take the approach that its the best we got and let make the best of it. I on the other hand carry the burden of having worked directly with some of the most brilliant marketing minds in the world. SR Marketing VP's of some of the largest and most successful corporations in the world. I understand what happens when bad data is used and cant get past that. I follow this market every day and watch it like a hawk. I beleive my experience and skills allow me to interpret what is going on and coming better than any statisical analysis could. I have accurately predicted just about every step the market has taken over the last 4 years 6 months before it happened.

Submitted by novice1027 on June 13, 2006 - 9:59pm.

SDR,I hope that the "lie" comment wasn't taken personally. Not my intention. Just a little side to comment.
I guess that's one of the reasons I don't always like this type of interaction, inflections in one's tone can be totally misread.
I also very much enjoy your post.

Submitted by sdrealtor on June 13, 2006 - 10:45pm.

No problem Novice, I dont take any of this personally and have a good sense of humor.

Submitted by docteur on June 13, 2006 - 11:12pm.

Whoa, wait.

You have "...accurately predicted just about every step the market has taken over the last four years, six months before it happened"?

PLEASE tell me exactly what you mean by that.

Submitted by powayseller on June 13, 2006 - 11:22pm.

sdr, you're made more comments about Bob than on my analysis of the UCLA Anderson Forecast. I would be more interested in hearing a realtor's perspective on my analysis of the Forecast, than on looking up and gossiping about his colleague. You criticize his beginner's track record, without commenting on his techniques: internet appeal, writing 4 offers at a time, his clients getting the lowest prices on their purchases with his techniques.

You are silent and absent on the threads I start on Zeal, gold, foreign banks, federal funds, weak/strong dollar. For a successful businessman like you, wouldn't this be an expertise you can share with us?

Perhaps you can ask yourself why you feel like you have to put Bob and me down, if you are so much better than we are. What's your problem with me? Be a man and say it to everyone.

Submitted by kiki on June 13, 2006 - 11:23pm.

my two cents on all this discussion. Does not have any valuable RE related insight so skip it if you want.

i usually find that PS exagerates and take comments to personal but i think she is very smart and i learn a lot from her comments and research. I just take what i consider relevant and ignore the rest.

For example, in my opinion i do not know how someone with few years of experience could be mentor. I do not disagree that Bob may be smart but i usually look for more experience people for mentor. It does work for me but if it works for her (i am sure many others) great. I respect that.

On the other side, i respectfully disagree on the comment that Bob is wrong by selling his listing to 100%. Any agent that wants to sell a house will sell it to anyone wanting to buy. I am sure no agent will say to the potential buyer of his/her listing "hey, don't take my house with this financing because you will be screwed in a few years". If you work for a buyer you will make sure he/she know the risk on buying now but if you are on the sellers side, there is so much you can do. Also, working for Mktg VP on great companies does not make a person good or bad. In case of SDR I think he is a good realtor (based on this comments ) and his current success is what backs him up, not because he worked for smart people.

I am hispanic and i am not offended by SDR mentioning that people in this group are taking suicide loans. If you are showing a fact, then is a fact. I am sad that this is happening but it is what it is.

I love Jim the realtor take on the data. I think how some realtor report (median price) is what is wrong. He shows analysis on actual transaction (active/pendings, $/sqft, appreciation rate).

I would like to kindly suggest people who participate in the forums to post your points of view in a way that does not attack another member on the board or outside, for example "I personally like XYZ because A, b and c.." as opposed to "you are wrong and i am right and this is why". For some realtor web works, for other don't. For some working with buyers only work for other don't. For some buyers internet is all they will use, for others (like PD's mother) don't. every person is different. Share your views but respect other opinion's as well.

my two cents.

Changing the subject. I may open a new thread for this. I really want to buy something (I hate living in a apartment and want to save as much possible

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