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SD Realtor.
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February 21, 2008 at 10:54 AM #157251February 21, 2008 at 11:41 AM #156996
Eugene
ParticipantJanuary REO sales correlate with November or earlier NOTs.
Much earlier. There seems to be a 2-3 month delay just bringing NOTs on the market. Per Rich’s data there is a 12 month supply of houses on the market. We’ll be optimistic and say that banks are being aggressive in pricing and REOs sit on the market an average of 4 months before selling. Finally let’s say it takes a month for the sale to close.
Adding all together, January REO sales should correlate with June NOTs.
February 21, 2008 at 11:41 AM #157373Eugene
ParticipantJanuary REO sales correlate with November or earlier NOTs.
Much earlier. There seems to be a 2-3 month delay just bringing NOTs on the market. Per Rich’s data there is a 12 month supply of houses on the market. We’ll be optimistic and say that banks are being aggressive in pricing and REOs sit on the market an average of 4 months before selling. Finally let’s say it takes a month for the sale to close.
Adding all together, January REO sales should correlate with June NOTs.
February 21, 2008 at 11:41 AM #157281Eugene
ParticipantJanuary REO sales correlate with November or earlier NOTs.
Much earlier. There seems to be a 2-3 month delay just bringing NOTs on the market. Per Rich’s data there is a 12 month supply of houses on the market. We’ll be optimistic and say that banks are being aggressive in pricing and REOs sit on the market an average of 4 months before selling. Finally let’s say it takes a month for the sale to close.
Adding all together, January REO sales should correlate with June NOTs.
February 21, 2008 at 11:41 AM #157297Eugene
ParticipantJanuary REO sales correlate with November or earlier NOTs.
Much earlier. There seems to be a 2-3 month delay just bringing NOTs on the market. Per Rich’s data there is a 12 month supply of houses on the market. We’ll be optimistic and say that banks are being aggressive in pricing and REOs sit on the market an average of 4 months before selling. Finally let’s say it takes a month for the sale to close.
Adding all together, January REO sales should correlate with June NOTs.
February 21, 2008 at 11:41 AM #157305Eugene
ParticipantJanuary REO sales correlate with November or earlier NOTs.
Much earlier. There seems to be a 2-3 month delay just bringing NOTs on the market. Per Rich’s data there is a 12 month supply of houses on the market. We’ll be optimistic and say that banks are being aggressive in pricing and REOs sit on the market an average of 4 months before selling. Finally let’s say it takes a month for the sale to close.
Adding all together, January REO sales should correlate with June NOTs.
February 21, 2008 at 11:51 AM #157389Bugs
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
That’s one advantage to checking the current ownership on every listing. It’s time consuming, but it does have results.
February 21, 2008 at 11:51 AM #157321Bugs
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
That’s one advantage to checking the current ownership on every listing. It’s time consuming, but it does have results.
February 21, 2008 at 11:51 AM #157313Bugs
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
That’s one advantage to checking the current ownership on every listing. It’s time consuming, but it does have results.
February 21, 2008 at 11:51 AM #157296Bugs
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
That’s one advantage to checking the current ownership on every listing. It’s time consuming, but it does have results.
February 21, 2008 at 11:51 AM #157011Bugs
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
That’s one advantage to checking the current ownership on every listing. It’s time consuming, but it does have results.
February 21, 2008 at 12:05 PM #157301Eugene
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
Sometimes the property is described as “lender owned” (not “bank owned”).
Sometimes the only clue that the property is a REO is a statement like in #071093843
“The seller has never occupied the property and is exempt from supplying the buyer with a tds. This home is being sold in its current as is condition. ”
with variations (#086011794)
“Property sold as is … Seller is disclosure exempt.”
February 21, 2008 at 12:05 PM #157318Eugene
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
Sometimes the property is described as “lender owned” (not “bank owned”).
Sometimes the only clue that the property is a REO is a statement like in #071093843
“The seller has never occupied the property and is exempt from supplying the buyer with a tds. This home is being sold in its current as is condition. ”
with variations (#086011794)
“Property sold as is … Seller is disclosure exempt.”
February 21, 2008 at 12:05 PM #157326Eugene
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
Sometimes the property is described as “lender owned” (not “bank owned”).
Sometimes the only clue that the property is a REO is a statement like in #071093843
“The seller has never occupied the property and is exempt from supplying the buyer with a tds. This home is being sold in its current as is condition. ”
with variations (#086011794)
“Property sold as is … Seller is disclosure exempt.”
February 21, 2008 at 12:05 PM #157016Eugene
ParticipantI’ve seen a good number of listings that were REOs but were not advertised that way. Some of those included a clue about a motivated seller, but others didn’t.
Sometimes the property is described as “lender owned” (not “bank owned”).
Sometimes the only clue that the property is a REO is a statement like in #071093843
“The seller has never occupied the property and is exempt from supplying the buyer with a tds. This home is being sold in its current as is condition. ”
with variations (#086011794)
“Property sold as is … Seller is disclosure exempt.”
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