The listing price, and contract price, have no influence on what price the bank will accept.

. , Not that I'm aware of.. but you may have a business plan on your hands..You could collect premiums from the human, then deny the claim because the animal was subject to undue influence if it didn't agree to the policy.Pretty standard insurance practice.

A personal residence however often involves more than just running the numbers and can have plenty of other influences in the final decision.

If you have questions, by all means don't let me influence you using BP for any reason now or in the future.

Also the individual property can influence how the seller would react, even in a strong sellers market there can be individual properties that have issues with them that make them very difficult to sell so the seller might consider any offer presented.For instance we recently sold a nice townhome in a nice community, within a week we had 3 cash offers, two of which were 6-7% over asking, further they waived appraisals.

You can also look under the Economy heading and see household incomes, unemployment rates and job growth for the area which can all influence rentals for that area.

A lender should do their due diligence before suggesting a deed in lieu, I'm sure Mike would.In suggesting that a deed would be accepted. a lender needs to take care as to simply stating the facts of a deed acceptance and the factual benefits for a borrower.That letter should have another letter enclosed, from the borrower to the lender, requesting that the lender accept a deed in lieu, this shows that the borrower was not unduly influenced from the initial letter and that they are requesting an option to resolve the matter they may not have been aware of.

You're right to intimate that the elasticity of supply is low, but what I'm trying to point out is that the consumer is now much more able to move to where the supply is high than ever before.The substitution effect doesn't appear to be influencing consumers with respect to these high-end real estate purchases--instead we're seeing something closer to the income effect, where a consumer increases their demand quantity as their income rises.

Effective, sustainable, profitable, and delivers the optimal return on your time, skill, and money.One of my favorite Warren Buffett quotes, "Price is what you pay, value is what you receive".The investors I know that are most successful and who I most want to emulate, challenge me to focus on asking more powerful questions that will likely lead to more powerful answers.Here are some resources and areas of study that I have found to be extremely valuable.1) Public libraries & especially law libraries (nudge nudge wink wink) contract law, real estate cases and guide books that are state specific.2) Understanding title 3) Public record searching4) Studying marketing and human behavior: What influences people to say yes or no?

The discussion of wages influencing rents is absolutely fascinating to me.