Home › Forums › Closed Forums › Properties or Areas › Sale over listed range…SDR and sdr???
- This topic has 70 replies, 9 voices, and was last updated 15 years, 3 months ago by CA renter.
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January 17, 2009 at 2:30 PM #331106January 17, 2009 at 4:31 PM #330618SD RealtorParticipant
Hi CAR –
There were so many responses that I kind of ignored the post, also you had not posted the link so I blew it off. I have some clients and they asked me to write up an offer on this home. We submitted the offer back in September or October as I recall. At that time they had already had several offers. My clients came in at the high 500’s and were told thanks but no thanks because they were FHA.
So not only was this a 600k purchase but it was done with all cash. This is neither a flip, nor any underhanded shenanigan sort of deal.
I do agree with you about flippers. There are more out there these days but they are not the bonehead breed. Most of the ones I see are guys that buy selected properties at trustee sales. Also I think we will see more portfolio purchases made from lenders in bulk and then either attempted to be resold or rented out.
Just my guess.
January 17, 2009 at 4:31 PM #330954SD RealtorParticipantHi CAR –
There were so many responses that I kind of ignored the post, also you had not posted the link so I blew it off. I have some clients and they asked me to write up an offer on this home. We submitted the offer back in September or October as I recall. At that time they had already had several offers. My clients came in at the high 500’s and were told thanks but no thanks because they were FHA.
So not only was this a 600k purchase but it was done with all cash. This is neither a flip, nor any underhanded shenanigan sort of deal.
I do agree with you about flippers. There are more out there these days but they are not the bonehead breed. Most of the ones I see are guys that buy selected properties at trustee sales. Also I think we will see more portfolio purchases made from lenders in bulk and then either attempted to be resold or rented out.
Just my guess.
January 17, 2009 at 4:31 PM #331032SD RealtorParticipantHi CAR –
There were so many responses that I kind of ignored the post, also you had not posted the link so I blew it off. I have some clients and they asked me to write up an offer on this home. We submitted the offer back in September or October as I recall. At that time they had already had several offers. My clients came in at the high 500’s and were told thanks but no thanks because they were FHA.
So not only was this a 600k purchase but it was done with all cash. This is neither a flip, nor any underhanded shenanigan sort of deal.
I do agree with you about flippers. There are more out there these days but they are not the bonehead breed. Most of the ones I see are guys that buy selected properties at trustee sales. Also I think we will see more portfolio purchases made from lenders in bulk and then either attempted to be resold or rented out.
Just my guess.
January 17, 2009 at 4:31 PM #331058SD RealtorParticipantHi CAR –
There were so many responses that I kind of ignored the post, also you had not posted the link so I blew it off. I have some clients and they asked me to write up an offer on this home. We submitted the offer back in September or October as I recall. At that time they had already had several offers. My clients came in at the high 500’s and were told thanks but no thanks because they were FHA.
So not only was this a 600k purchase but it was done with all cash. This is neither a flip, nor any underhanded shenanigan sort of deal.
I do agree with you about flippers. There are more out there these days but they are not the bonehead breed. Most of the ones I see are guys that buy selected properties at trustee sales. Also I think we will see more portfolio purchases made from lenders in bulk and then either attempted to be resold or rented out.
Just my guess.
January 17, 2009 at 4:31 PM #331142SD RealtorParticipantHi CAR –
There were so many responses that I kind of ignored the post, also you had not posted the link so I blew it off. I have some clients and they asked me to write up an offer on this home. We submitted the offer back in September or October as I recall. At that time they had already had several offers. My clients came in at the high 500’s and were told thanks but no thanks because they were FHA.
So not only was this a 600k purchase but it was done with all cash. This is neither a flip, nor any underhanded shenanigan sort of deal.
I do agree with you about flippers. There are more out there these days but they are not the bonehead breed. Most of the ones I see are guys that buy selected properties at trustee sales. Also I think we will see more portfolio purchases made from lenders in bulk and then either attempted to be resold or rented out.
Just my guess.
January 17, 2009 at 9:09 PM #330718CA renterParticipantThanks, SDR!
January 17, 2009 at 9:09 PM #331054CA renterParticipantThanks, SDR!
January 17, 2009 at 9:09 PM #331131CA renterParticipantThanks, SDR!
January 17, 2009 at 9:09 PM #331158CA renterParticipantThanks, SDR!
January 17, 2009 at 9:09 PM #331242CA renterParticipantThanks, SDR!
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