brtlmj's Discussions

If I bothered to give feedback, I don't think I would need any sort of evidence. Finding comparables is agent's job, not mine. All I need to say is "I am willing to pay $XYZ."

"...if enough people give that as feedback..." Yep... in the end this is all that matters. If we only used comparables to find market price, then real estate would neither appreciate nor depreciate :-)

The CS index assign weights to data points, depending on time between sales. "Flips" will be counted, but their relative weights will be low.

Hey, they only talk about sales rate. Who knows, if they lower their prices enough, it may well be true.

Just a few months? You are lucky...

Isn't your listing price an offer?

There is hardly any risk in lending money to someone with good credit, appropriate income and >20% downpayment. Bank loans to others may well dry up. It is going to be called "crisis" until we realize that that's the way things are supposed to be.

Banks do not have money even now - not enough for all the loans they originate. That's why mortgages are resold. The secondary markets will decide.  Ask yourself: would you buy a bond backed by subprime loans? Would you buy one backed by prime mortgages with >20% down?

Not even close... at least in my area.

With a downpayment you have to take opportunity costs into account. The 10% could be invested instead...