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Monday, November 15, 2010
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13 comments:
Does anyone know whether you can find out how much a house went under contract for before the closing?
Not unless you know an insider. Agents are not allowed to disclose that info.
Thanks. We closed on our house a month ago in a new subdivision and we're getting new neigbors. I'm anxious to find out the sale price but I guess I'll have to wait.
MAYWOOD charmer sold for $30K below 04 price.
Ace,
brace yourself, you ain't gonna like this
Agents are not allowed to disclose that info.
Not supposed to, but they sometimes will. Ethics are only sporadically exercised in that industry.
I know every areas is different, but S&P is predicting 7-10% drop in house prices next year house prices
This is roughly in line with a lot of our forecasts that CS will fall into the 170s.
MM-
That person was not very good at negotiating. The house has been complete for 7 months with no action and they can only get the price 1% below the offer...
Contrarian,
Nice summary, but a little distorted in my view. Per your cited watch dog (and I paraphrase): It could be a big deal OR nothing.
I believe it to be "the lawyers full employment act". Investors suing banks to repurchase loans is merely a blatent attempt at a "do-over".
The burden should be placed on borrowers to prove they paid their mortgages before they can proceed. What exactly are the damages to those who have not paid and have no legitimate claim to the home?
It's up to the servicers and lenders to determine the rightful "owner" of the mortgage and the proceeds of a sale. If any litigation should ensue, that would be it.
Isolated cases of wrongful foredlosure have always existed. I know first hand.
Why should people who have not paid anyone benefit. And why would this result be anything to cheer?
MM & HB, actually, that price may not be bad. It's about the original asking, not the bumped up price ($1.3), which I had thought was silly given the months on the market and lack of ability to customize. Also, builders typically don't like to reduce price, but they may add on features, change something, etc., to get the deal done. So who knows what else was done for the buyers?
I don't like the Craftsman style (unless it was really built in the early 19th century) but I think this house was nicely designed and built, with what appear from the photos to be high quality finishes.
I'm sure TWO parties had some nice bottles of champagne once the closing was done.
Ace,
There could have been another offer. That is usually my luck. You are right about upgrades, finished basement, etc. Maybe even a rate buy-down.
I'm sure you meant Craftsman built in early 20th century. I had a huge one and miss it to this day! Built 1918.
Oops, good catch re: 20th century--you're right, VA_Investor!
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