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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (6999)	11/21/2002 5:54:39 PM
From: get shorty	Read Replies (3) \| Respond to of 306849

Elroy and others; I'd like to get your thoughts on an article I read the other day. The general theme of the article questioned whether or not residential RE was due for a correction. The author suggested that to try and "time" the RE market was foolhardy. Specifically, that folks looking to sell now, with the intent of renting during a potential downturn, were most likely making a mistake. The article basically espoused the same buy and hold philosophy that's usually associated with equities. One of the main premises of the article was that; even if you're clever enough to sell at the top, and buy back at the bottom, you'd need to see a decline in housing prices of 20%, just to cover transaction costs. Does that sound accurate? I thought I was familiar with most of the costs associated with the buying/selling of a home. I can't come close to coming up with 20% in transaction costs. I own a home in the hell that is Silicon Valley. I've been thinking very hard about selling. Alas, I have already missed the peak.

To: Elroy Jetson who wrote (6999)	11/21/2002 8:28:58 PM
From: the_wheel	Read Replies (1) \| Respond to of 306849

Thanks Elroy, Access to MLS is $500 for six months. She is going to give me a list of clients that I will need to pay commission if they buy it in the future. WHAT is this DEEP POCKET? Is that my pocket? I plan on full disclosure of any problems of which I am aware. This is a SFH. I am not a litigeous person hopefully neither will the buyer be. We are having a most wonderful sunset today. Is that worth anything? My ex-realtor just visited, kind of spoiled the day, left in a huff, said "Have a nice Thanksgiving" sarcastically. Her office is 15 min away, it was well worth the drive to try to get me to sign a 3mo extension with the threat that there are two return buyers who want to look at the property next weekend. The listing expires the day before. Seems like a ploy. She said the contract agreement was a special one that allowed me to sell it party to party without commission. I told her it was written in English and the same as the previous contract. She did not seem to want to part amicably. I told her to go put the squeeze on the buyers, not me. She said "I will". I am even more discouraged than before. Will still hold an open house though. Must I stay awake worrying about lawsuits? The terror threat already has robbed me of most of my nights.