There is a cabal of REO realtors that are getting the REO listings and are playing hardball. These submit BPO.Broker Pricing to the Bank on how much to list for
EXCEL-Wagner
Fresca Realty
Triad Realty
They are using Used car sales tactics.
My advice is to discount 20-25% off the Auction Sales price.
Lowball the REOs and short sales.Hey,Its a recession ain’t it !!!
Let them report to the Banks
In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.
In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.
In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.
In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.
In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.
