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SD Realtor.
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January 7, 2009 at 1:42 PM #325996January 7, 2009 at 1:56 PM #326093
recordsclerk
Participant1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases?
January 7, 2009 at 1:56 PM #325922recordsclerk
Participant1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases?
January 7, 2009 at 1:56 PM #325585recordsclerk
Participant1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases?
January 7, 2009 at 1:56 PM #325993recordsclerk
Participant1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases?
January 7, 2009 at 1:56 PM #326011recordsclerk
Participant1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases?
January 7, 2009 at 5:55 PM #326102SD Realtor
ParticipantFSD I guess I do not understand your reluctance. I don’t see any difference in buying an REO from an investor then buying an REO off the MLS. In fact at least buying an REO is somewhat safer then buying at a trustee sale right? The legal issues of wiping on the lienholders is already done, tenants are removed, etc…
I think we would see a much more robust market IF resellers were actually competing with REOs more effectively. I absolutely agree with you that gaining concessions from resellers is a great thing to pursue. No doubt! However at this point in the decline I say very very rare instances of resellers competing with REO properties on pricing. As you said, those who have patience and can wait out the later stages of the cycle will see a much closer pricing between resellers and REO sales. IMO we have a ways to go.
GN yes to both your answers above! However I would doubt that you would not be able to inspect during escrow.
January 7, 2009 at 5:55 PM #326084SD Realtor
ParticipantFSD I guess I do not understand your reluctance. I don’t see any difference in buying an REO from an investor then buying an REO off the MLS. In fact at least buying an REO is somewhat safer then buying at a trustee sale right? The legal issues of wiping on the lienholders is already done, tenants are removed, etc…
I think we would see a much more robust market IF resellers were actually competing with REOs more effectively. I absolutely agree with you that gaining concessions from resellers is a great thing to pursue. No doubt! However at this point in the decline I say very very rare instances of resellers competing with REO properties on pricing. As you said, those who have patience and can wait out the later stages of the cycle will see a much closer pricing between resellers and REO sales. IMO we have a ways to go.
GN yes to both your answers above! However I would doubt that you would not be able to inspect during escrow.
January 7, 2009 at 5:55 PM #326185SD Realtor
ParticipantFSD I guess I do not understand your reluctance. I don’t see any difference in buying an REO from an investor then buying an REO off the MLS. In fact at least buying an REO is somewhat safer then buying at a trustee sale right? The legal issues of wiping on the lienholders is already done, tenants are removed, etc…
I think we would see a much more robust market IF resellers were actually competing with REOs more effectively. I absolutely agree with you that gaining concessions from resellers is a great thing to pursue. No doubt! However at this point in the decline I say very very rare instances of resellers competing with REO properties on pricing. As you said, those who have patience and can wait out the later stages of the cycle will see a much closer pricing between resellers and REO sales. IMO we have a ways to go.
GN yes to both your answers above! However I would doubt that you would not be able to inspect during escrow.
January 7, 2009 at 5:55 PM #326014SD Realtor
ParticipantFSD I guess I do not understand your reluctance. I don’t see any difference in buying an REO from an investor then buying an REO off the MLS. In fact at least buying an REO is somewhat safer then buying at a trustee sale right? The legal issues of wiping on the lienholders is already done, tenants are removed, etc…
I think we would see a much more robust market IF resellers were actually competing with REOs more effectively. I absolutely agree with you that gaining concessions from resellers is a great thing to pursue. No doubt! However at this point in the decline I say very very rare instances of resellers competing with REO properties on pricing. As you said, those who have patience and can wait out the later stages of the cycle will see a much closer pricing between resellers and REO sales. IMO we have a ways to go.
GN yes to both your answers above! However I would doubt that you would not be able to inspect during escrow.
January 7, 2009 at 5:55 PM #325675SD Realtor
ParticipantFSD I guess I do not understand your reluctance. I don’t see any difference in buying an REO from an investor then buying an REO off the MLS. In fact at least buying an REO is somewhat safer then buying at a trustee sale right? The legal issues of wiping on the lienholders is already done, tenants are removed, etc…
I think we would see a much more robust market IF resellers were actually competing with REOs more effectively. I absolutely agree with you that gaining concessions from resellers is a great thing to pursue. No doubt! However at this point in the decline I say very very rare instances of resellers competing with REO properties on pricing. As you said, those who have patience and can wait out the later stages of the cycle will see a much closer pricing between resellers and REO sales. IMO we have a ways to go.
GN yes to both your answers above! However I would doubt that you would not be able to inspect during escrow.
January 8, 2009 at 10:50 AM #325871gn
Participant[quote=recordsclerk]1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases? [/quote]
Recordsclerk, yes. You can buy any one property & the prices are for individual purchases.
January 8, 2009 at 10:50 AM #326210gn
Participant[quote=recordsclerk]1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases? [/quote]
Recordsclerk, yes. You can buy any one property & the prices are for individual purchases.
January 8, 2009 at 10:50 AM #326281gn
Participant[quote=recordsclerk]1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases? [/quote]
Recordsclerk, yes. You can buy any one property & the prices are for individual purchases.
January 8, 2009 at 10:50 AM #326300gn
Participant[quote=recordsclerk]1625 Pentecost can be flipped for 45K.
3532 Meade Ave #44 is the going rate for 1bd,1bth
if it is a 2 bedroom, this property can be flipped for 69K.From this list can you buy any one property and are these the prices for individual purchases? [/quote]
Recordsclerk, yes. You can buy any one property & the prices are for individual purchases.
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