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  • February 8, 2008 at 4:01 PM #150394
    farbet
    Participant

    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

    February 11, 2008 at 11:32 AM #151548
    Eugene
    Participant

    Already pending, apparently

    February 11, 2008 at 11:32 AM #151811
    Eugene
    Participant

    Already pending, apparently

    February 11, 2008 at 11:32 AM #151817
    Eugene
    Participant

    Already pending, apparently

    February 11, 2008 at 11:32 AM #151837
    Eugene
    Participant

    Already pending, apparently

    February 11, 2008 at 11:32 AM #151909
    Eugene
    Participant

    Already pending, apparently

    February 11, 2008 at 12:02 PM #151554
    Bugs
    Participant

    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.

    February 11, 2008 at 12:02 PM #151819
    Bugs
    Participant

    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.

    February 11, 2008 at 12:02 PM #151821
    Bugs
    Participant

    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.

    February 11, 2008 at 12:02 PM #151843
    Bugs
    Participant

    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.

    February 11, 2008 at 12:02 PM #151914
    Bugs
    Participant

    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.

    February 11, 2008 at 2:18 PM #151588
    patientlywaiting
    Participant

    Whenever I read Bugs’ comments, I always amazed how well he explains things. I agree with what the prices will eventually revert to.

    February 11, 2008 at 2:18 PM #151852
    patientlywaiting
    Participant

    Whenever I read Bugs’ comments, I always amazed how well he explains things. I agree with what the prices will eventually revert to.

    February 11, 2008 at 2:18 PM #151859
    patientlywaiting
    Participant

    Whenever I read Bugs’ comments, I always amazed how well he explains things. I agree with what the prices will eventually revert to.

    February 11, 2008 at 2:18 PM #151878
    patientlywaiting
    Participant

    Whenever I read Bugs’ comments, I always amazed how well he explains things. I agree with what the prices will eventually revert to.

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