Comments on: The vernacular of a “deal” – Don’t sell yourself short. http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/ A San Diego Real Estate Web Log Sat, 13 Mar 2010 21:29:14 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: The San Diego Home Blog » Blog Archive » No light at the end of our short tunnel. http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-159743 The San Diego Home Blog » Blog Archive » No light at the end of our short tunnel. Mon, 11 Aug 2008 15:30:43 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-159743 [...] those who are rusty on the concept of short sales, we talked about it here. From the CliffsNotes, short sales are sales in which the settlement charges (costs of sale [...] [...] those who are rusty on the concept of short sales, we talked about it here. From the CliffsNotes, short sales are sales in which the settlement charges (costs of sale [...]

]]> By: Understanding 4 Types Of Sales http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145641 Understanding 4 Types Of Sales Thu, 28 Feb 2008 13:45:37 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145641 [...] I wonder now how many people still don’t know what some of the terms we use mean?  Here is a short list to help you understand 4 major types of sales transactions you may see when looking at homes online:  (these definitions were taken from a friend over at the San Diego Housing Blog). [...] [...] I wonder now how many people still don’t know what some of the terms we use mean?  Here is a short list to help you understand 4 major types of sales transactions you may see when looking at homes online:  (these definitions were taken from a friend over at the San Diego Housing Blog). [...]

]]> By: Jim Klinge http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145537 Jim Klinge Fri, 22 Feb 2008 05:19:44 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145537 From Cliff Clavin: "Well ya see, Norm, it's like this... A herd of buffalo can only move as fast as the slowest buffalo. And when the herd is hunted, it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members. In much the same way, the human brain can only operate as fast as the slowest brain cells. Excessive intake of alcohol, as we know, kills brain cells. But, naturally it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine. That's why you always feel smarter after a few beers." PS Thanks for lunch From Cliff Clavin:

“Well ya see, Norm, it’s like this… A herd of buffalo can only move as fast as the slowest buffalo. And when the herd is hunted, it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members. In much the same way, the human brain can only operate as fast as the slowest brain cells. Excessive intake of alcohol, as we know, kills brain cells. But, naturally it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine. That’s why you always feel smarter after a few beers.”

PS Thanks for lunch

]]> By: Eric Blackwell http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145534 Eric Blackwell Fri, 22 Feb 2008 01:45:15 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145534 Jeff; Cool info...I did not know the origin of the term...How appropriate that the anti spam word is Cheers... Now I can "Cliff Claven" someone with my newfound nugget of trivia! Really nice talking to you on the phone BTW-Jeff. Oh yeah...Kris...this is a great post and it is a frustration shared by the vast majority of agents in our office... Best Eric Jeff;

Cool info…I did not know the origin of the term…How appropriate that the anti spam word is Cheers…

Now I can “Cliff Claven” someone with my newfound nugget of trivia!

Really nice talking to you on the phone BTW-Jeff.

Oh yeah…Kris…this is a great post and it is a frustration shared by the vast majority of agents in our office…

Best

Eric

]]> By: Kris Berg http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145530 Kris Berg Thu, 21 Feb 2008 17:45:14 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145530 Yea, Jeff! Thank you for that explanation. I honestly never knew the origin of the term. Now I am empowered with more knowledge than I know what to do with! :) Yea, Jeff! Thank you for that explanation. I honestly never knew the origin of the term. Now I am empowered with more knowledge than I know what to do with! :)

]]> By: Jeff http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145528 Jeff Thu, 21 Feb 2008 15:26:01 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145528 REO (Real Estate Owned) comes from a line on the bank's Call Report. This is a financial accounting report that must be submitted to the Federal Reserve each quarter. It's important to examiners in assessing the health of a financial institution because it is easy to hide financial problems by using inflated values of assets. If REO is high or getting higher based on the asset size of the bank then examiners will look closer at how the bank determined these values. I doubt that there are enough examiners to look at the huge numbers that are being reported today. REO (Real Estate Owned) comes from a line on the bank’s Call Report. This is a financial accounting report that must be submitted to the Federal Reserve each quarter. It’s important to examiners in assessing the health of a financial institution because it is easy to hide financial problems by using inflated values of assets. If REO is high or getting higher based on the asset size of the bank then examiners will look closer at how the bank determined these values. I doubt that there are enough examiners to look at the huge numbers that are being reported today.

]]> By: Thursday Links 02-21-2008 | Real Central VA http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145524 Thursday Links 02-21-2008 | Real Central VA Thu, 21 Feb 2008 12:08:59 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145524 [...] More on foreclosures [...] [...] More on foreclosures [...]

]]> By: Kris Berg http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145522 Kris Berg Thu, 21 Feb 2008 02:55:06 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145522 Dave, In all due respect, very savvy can mean someone who is well-read and has bought and sold many homes before. The false assumption you make is one I have to catch myself on frequently; not everyone with an interest in real estate lives and breathes it to the same extent that I (or you) do. I totally get your point, but I am inclined to defend my client, who has other interests and hobbies. The point of the post was this - If one person who I <i>assumed</i> would understand the meaning of "short sale" didn't, there are many, many more who don't as well, that I am unaware of . It was intended to be informational. I consider myself pretty savvy where where technology matters are concerned, but I don't "get" it all, and by a long shot. What is common speak to one of us is quite foreign to another, and our readers have varied backgrounds and experiences. Dave, In all due respect, very savvy can mean someone who is well-read and has bought and sold many homes before. The false assumption you make is one I have to catch myself on frequently; not everyone with an interest in real estate lives and breathes it to the same extent that I (or you) do.

I totally get your point, but I am inclined to defend my client, who has other interests and hobbies. The point of the post was this – If one person who I assumed would understand the meaning of “short sale” didn’t, there are many, many more who don’t as well, that I am unaware of . It was intended to be informational.

I consider myself pretty savvy where where technology matters are concerned, but I don’t “get” it all, and by a long shot. What is common speak to one of us is quite foreign to another, and our readers have varied backgrounds and experiences.

]]> By: Dave http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145521 Dave Thu, 21 Feb 2008 01:55:21 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145521 I'm a reasonable person, but anyone buying a home in today's market that doesn't know what a short sale is is NOT savvy, and certainly not "very savvy." I’m a reasonable person, but anyone buying a home in today’s market that doesn’t know what a short sale is is NOT savvy, and certainly not “very savvy.”

]]> By: Phil Hoover http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/comment-page-1/#comment-145518 Phil Hoover Wed, 20 Feb 2008 20:56:17 +0000 http://sandiegohomeblog.com/2008/02/20/the-vernacular-of-a-deal-dont-sell-yourself-short/#comment-145518 Deer Speed Reeder - I thought you picked up on my foreclosure post :) Deer Speed Reeder -
I thought you picked up on my foreclosure post :)

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