tag:blogger.com,1999:blog-2020965297376819658.post3833724224476067920..comments2023-05-07T01:54:22.688-07:00Comments on Effective Demand: Weekly Active/Pending counts SFV & Ventura - 07/04/09Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2020965297376819658.post-23627283883515255892009-07-04T14:03:43.748-07:002009-07-04T14:03:43.748-07:00There is a lot of homes with signs in the ground b...There is a lot of homes with signs in the ground but not on the mls where brokerages are keeping the listing in house. They get an offer and then put on the MLS as contingent.<br /><br />There are also a lot of contingent homes going on 60 days contingent. So financing or something else is the issue. There are 2 contingency class, "contingent-back up" which means they will take back up offers and "contingent-1st right of refusal" in which if an offer comes in the original party gets a chance to clear the contingency and move on with their offer. Its this second category which usually gets the "I need to sell a home to buy yours". Its not that common but also agents could be marking listings incorrectly.<br /><br />If i'm an asset manager/negotiator on a REO or Short sale the first thing I would do is get a property history of a property with an offer on it to ensure its been fully exposed to the market (i.e. listed and immediately gone pending). I think there are some games being played and I think they are only being played because there aren't checks in place to catch them.Effective Demandhttps://www.blogger.com/profile/02587961792541800534noreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-40810264668968930292009-07-04T12:31:46.599-07:002009-07-04T12:31:46.599-07:00SFH-VC contingencies means "We got a great de...SFH-VC contingencies means "We got a great deal on a new house at 40% off and all we need to do is sell our existing house at par."Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.com