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Archive for January, 2008

What Realtors Really Mean

I found The 680 Blog in my many online travels and decided to link to it, especially since its audience is truly East Bay. Agent Doug Buenz interprets “RealtorSpeak” for us:

“I’m Gorgeous Inside” = I know the house isn’t that great on the outside, and neither is the inside, but I have to put something on the sign for crying out loud. Seems as good a choice as any.

“Low Maintenance Yard” = There is nothing alive in the yard to maintain. Basically cement/deck and dirt.

“Contractor’s Special!” = House basically needs to be rebuilt from the ground up.

“Motivated Sellers” = Sellers are really motivated to sell at that price. Their motivation, however, dissipates quickly as your offering price drops.

“Seller says make an offer” = House is overpriced, and rather than reduce the price like most smart sellers, seller wants to hedge his bet in case someone with more money than brains wants to pay him too much for the house. And this is smart, because there are so many of those buyers out there.

I like when Realtors have a sense of humor and don’t pester me with phone calls or email saying that I’m “bringing down their industry” by writing about foreclosures. So thanks, Doug!

And if anyone has any more of these descriptions, please share!

Posted on Thursday, January 31st, 2008
Under: House Hunt, The Market | 2 Comments »

Countrywide Suspends HELOCs

Posted on Thursday, January 31st, 2008
Under: Mortgage Mania, The Market | 3 Comments »

Predictions for 2008 Housing Market

Posted on Wednesday, January 30th, 2008
Under: The Market | 2 Comments »

The NAR Wants You to Buy a House — NOW!

Posted on Wednesday, January 30th, 2008
Under: House Hunt, The Market | 4 Comments »

Foreclosures Bad, Sales Would Be Good

Posted on Wednesday, January 30th, 2008
Under: Foreclosure Fever, Mortgage Mania, The Market | 1 Comment »

Questions About Foreclosure and Subprime Loans

Posted on Monday, January 28th, 2008
Under: Foreclosure Fever, Mortgage Mania, The Market | Comments Off

Stimulating the Economy, Maybe?

Posted on Friday, January 25th, 2008
Under: Foreclosure Fever, Mortgage Mania, The Market | 3 Comments »

Foreclosures Rise, No One Surprised

Posted on Wednesday, January 23rd, 2008
Under: Foreclosure Fever, The Market | Comments Off

Got a Raw Deal, Home Buyers? Sue Your Agent.

Posted on Monday, January 21st, 2008
Under: House Hunt, The Market | Comments Off

Make less than $53K a year? You can buy a house.

Posted on Monday, January 21st, 2008
Under: House Hunt, The Market | Comments Off