My comment was based upon something I use with my seller’s that i have had great luck with. When they are evaluating an offer that I feel is a very fair offer, I explain that by saying NO to someone who will pay X dollars today they are in essence making the decision to rebuy their home today at X dollars. When you say you will NOT pay today’s prices and you own RE that you are holding onto, you are doing the same thing.
Regarding the REO business, i know some very big players in that market and from what I have seen the lenders are very slow in adapting to the market and responding to offers.
I’m curious as to how you feel your 1% listing business model is holding up these days. You know I dont believe it’s sustainable in anything but a booming seller’s market. What percentage of your listings sold in 2006? With my full service model I sold 100% with an average market time of approx 2 months and not 1 of my listings was relisted after 45,60,90 etc. days.
