Cash offers … banks slitting their own throats?

[bsrsharma]

I interacted with few dozens of agents over the past 24 months and very few gave me any reason to believe that they would not enhance their compensation at the expense of any of the parties involved.

That is probably the most important golden rule in REO buying – knowing how to make the sellers agent most happy. Bring her/him enough reward and anything is possible.

[Effective Demand]

I had a download handy of REO sales for an area in Ventura, It happened to have the Listing & Selling office ID and Listing & Selling agent ID on it.

Based on that spreadsheet I determined less than 10% of REO sales were within the same brokerage. Of those it was even money whether the listing agent doubled ended the deal. So around 5% (though I noted some from the same “team”).

I bring this up not as a particular interesting take on my area but to say that it would be very easy to prove that agents are ignoring good offers in order to double end deals with the right data. There was one brokerage for example that had 33% deals in house (indicating this could be an issue or they just have a ready supply of buyers) and a REO king who didn’t double end a single deal.

[Effective Demand]

I had a download handy of REO sales for an area in Ventura, It happened to have the Listing & Selling office ID and Listing & Selling agent ID on it.

Based on that spreadsheet I determined less than 10% of REO sales were within the same brokerage. Of those it was even money whether the listing agent doubled ended the deal. So around 5% (though I noted some from the same “team”).

I bring this up not as a particular interesting take on my area but to say that it would be very easy to prove that agents are ignoring good offers in order to double end deals with the right data. There was one brokerage for example that had 33% deals in house (indicating this could be an issue or they just have a ready supply of buyers) and a REO king who didn’t double end a single deal.

[Effective Demand]

I had a download handy of REO sales for an area in Ventura, It happened to have the Listing & Selling office ID and Listing & Selling agent ID on it.

Based on that spreadsheet I determined less than 10% of REO sales were within the same brokerage. Of those it was even money whether the listing agent doubled ended the deal. So around 5% (though I noted some from the same “team”).

I bring this up not as a particular interesting take on my area but to say that it would be very easy to prove that agents are ignoring good offers in order to double end deals with the right data. There was one brokerage for example that had 33% deals in house (indicating this could be an issue or they just have a ready supply of buyers) and a REO king who didn’t double end a single deal.

[Effective Demand]

I had a download handy of REO sales for an area in Ventura, It happened to have the Listing & Selling office ID and Listing & Selling agent ID on it.

Based on that spreadsheet I determined less than 10% of REO sales were within the same brokerage. Of those it was even money whether the listing agent doubled ended the deal. So around 5% (though I noted some from the same “team”).

I bring this up not as a particular interesting take on my area but to say that it would be very easy to prove that agents are ignoring good offers in order to double end deals with the right data. There was one brokerage for example that had 33% deals in house (indicating this could be an issue or they just have a ready supply of buyers) and a REO king who didn’t double end a single deal.

[Effective Demand]

I had a download handy of REO sales for an area in Ventura, It happened to have the Listing & Selling office ID and Listing & Selling agent ID on it.

Based on that spreadsheet I determined less than 10% of REO sales were within the same brokerage. Of those it was even money whether the listing agent doubled ended the deal. So around 5% (though I noted some from the same “team”).

I bring this up not as a particular interesting take on my area but to say that it would be very easy to prove that agents are ignoring good offers in order to double end deals with the right data. There was one brokerage for example that had 33% deals in house (indicating this could be an issue or they just have a ready supply of buyers) and a REO king who didn’t double end a single deal.

[bsrsharma]

download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.

[bsrsharma]

download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.

[bsrsharma]

download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.

[bsrsharma]

download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.

[bsrsharma]

download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.

[Effective Demand]

[quote=bsrsharma]download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.[/quote]

I do still have it but am reluctant to post it but I will ask my source for permission.

You can get a similiar download for any area relevant to you from any semi-competent friendly agent. Importing into excel is trivial and then just sort based on List Office ID, Sell Office ID, List Agent ID, Sell Agent ID and the relevant properties will pop off the page.

[Effective Demand]

[quote=bsrsharma]download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.[/quote]

I do still have it but am reluctant to post it but I will ask my source for permission.

You can get a similiar download for any area relevant to you from any semi-competent friendly agent. Importing into excel is trivial and then just sort based on List Office ID, Sell Office ID, List Agent ID, Sell Agent ID and the relevant properties will pop off the page.

[Effective Demand]

[quote=bsrsharma]download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.[/quote]

I do still have it but am reluctant to post it but I will ask my source for permission.

You can get a similiar download for any area relevant to you from any semi-competent friendly agent. Importing into excel is trivial and then just sort based on List Office ID, Sell Office ID, List Agent ID, Sell Agent ID and the relevant properties will pop off the page.

[Effective Demand]

[quote=bsrsharma]download of REO sales for an area in Ventura

If you still have it, can you please post it here. It is especially helpful if it indicates if the sales were financed or cash.[/quote]

I do still have it but am reluctant to post it but I will ask my source for permission.

You can get a similiar download for any area relevant to you from any semi-competent friendly agent. Importing into excel is trivial and then just sort based on List Office ID, Sell Office ID, List Agent ID, Sell Agent ID and the relevant properties will pop off the page.

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