what I have been finding is you get the short sale attempt approaching the true price point. but the lender rejects it and let it head to foreclosure. by the time the lender has it as a REO, guess what, it is listed at the short sale prices or a bit above.
if the prices are holding up so well, why the price reductions:
–09/2007: listed for sale at $475,000.
–Price Reduced: 09/19/07 — $475,000 to $459,000
–Price Reduced: 09/26/07 — $459,000 to $445,000
–Price Reduced: 10/03/07 — $445,000 to $435,000
–Price Reduced: 10/10/07 — $435,000 to $425,000
–Price Reduced: 10/29/07 — $425,000 to $409,000
what I have been finding is you get the short sale attempt approaching the true price point. but the lender rejects it and let it head to foreclosure. by the time the lender has it as a REO, guess what, it is listed at the short sale prices or a bit above.
if the prices are holding up so well, why the price reductions:
–09/2007: listed for sale at $475,000.
–Price Reduced: 09/19/07 — $475,000 to $459,000
–Price Reduced: 09/26/07 — $459,000 to $445,000
–Price Reduced: 10/03/07 — $445,000 to $435,000
–Price Reduced: 10/10/07 — $435,000 to $425,000
–Price Reduced: 10/29/07 — $425,000 to $409,000
OCR, I wont disagree but thats not the point. I compared our predictions to WHAT IS not WHAT MIGHT BE. Based upon what actually happened so far, I take the victory here.
As for the price reductions, we have a seller without patience and/or time. Average market times are about 6months these days and that guy/gal cant or wont wait.
OCR, I wont disagree but thats not the point. I compared our predictions to WHAT IS not WHAT MIGHT BE. Based upon what actually happened so far, I take the victory here.
As for the price reductions, we have a seller without patience and/or time. Average market times are about 6months these days and that guy/gal cant or wont wait.
OCR, I wont disagree but thats not the point. I compared our predictions to WHAT IS not WHAT MIGHT BE. Based upon what actually happened so far, I take the victory here.
As for the price reductions, we have a seller without patience and/or time. Average market times are about 6months these days and that guy/gal cant or wont wait.
JWM,
I’m eating just fine! I own a couple non-RE businesses and my MSFT stock alone is probably worth more than your net worth. You could have joined me at Arterra last Saturday. I’m heading out to Bistro West for lunch now but you can catch me at Donovan’s this Saturday nite.
