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  • March 19, 2009 at 4:12 AM #370246
    waterboy
    Participant

    Could the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.

    Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.

    Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?

    March 19, 2009 at 4:22 AM #369641
    NotCranky
    Participant

    Go find a property that for some reason or another only a cash buyer can get and it will be cheap.The playing field might not be level maybe it never has been. Play the hand you are dealt to win.You are not a bulk buyer nobody is going to stop any of this.Bulk buyers are detached buyers because of this and the banks feel like it is somehow better the get rid of these houses cheap. Detached buyers who will take the best deal and not worry about being spoiled get better deals.Other wise you and a million other people looking for the same house are going to drive the price up.

    March 19, 2009 at 4:22 AM #369928
    NotCranky
    Participant

    Go find a property that for some reason or another only a cash buyer can get and it will be cheap.The playing field might not be level maybe it never has been. Play the hand you are dealt to win.You are not a bulk buyer nobody is going to stop any of this.Bulk buyers are detached buyers because of this and the banks feel like it is somehow better the get rid of these houses cheap. Detached buyers who will take the best deal and not worry about being spoiled get better deals.Other wise you and a million other people looking for the same house are going to drive the price up.

    March 19, 2009 at 4:22 AM #370095
    NotCranky
    Participant

    Go find a property that for some reason or another only a cash buyer can get and it will be cheap.The playing field might not be level maybe it never has been. Play the hand you are dealt to win.You are not a bulk buyer nobody is going to stop any of this.Bulk buyers are detached buyers because of this and the banks feel like it is somehow better the get rid of these houses cheap. Detached buyers who will take the best deal and not worry about being spoiled get better deals.Other wise you and a million other people looking for the same house are going to drive the price up.

    March 19, 2009 at 4:22 AM #370136
    NotCranky
    Participant

    Go find a property that for some reason or another only a cash buyer can get and it will be cheap.The playing field might not be level maybe it never has been. Play the hand you are dealt to win.You are not a bulk buyer nobody is going to stop any of this.Bulk buyers are detached buyers because of this and the banks feel like it is somehow better the get rid of these houses cheap. Detached buyers who will take the best deal and not worry about being spoiled get better deals.Other wise you and a million other people looking for the same house are going to drive the price up.

    March 19, 2009 at 4:22 AM #370251
    NotCranky
    Participant

    Go find a property that for some reason or another only a cash buyer can get and it will be cheap.The playing field might not be level maybe it never has been. Play the hand you are dealt to win.You are not a bulk buyer nobody is going to stop any of this.Bulk buyers are detached buyers because of this and the banks feel like it is somehow better the get rid of these houses cheap. Detached buyers who will take the best deal and not worry about being spoiled get better deals.Other wise you and a million other people looking for the same house are going to drive the price up.

    March 19, 2009 at 4:25 AM #369656
    kewp
    Participant

    Uh, its always cheaper to buy with cash than with credit!

    March 19, 2009 at 4:25 AM #369943
    kewp
    Participant

    Uh, its always cheaper to buy with cash than with credit!

    March 19, 2009 at 4:25 AM #370110
    kewp
    Participant

    Uh, its always cheaper to buy with cash than with credit!

    March 19, 2009 at 4:25 AM #370151
    kewp
    Participant

    Uh, its always cheaper to buy with cash than with credit!

    March 19, 2009 at 4:25 AM #370266
    kewp
    Participant

    Uh, its always cheaper to buy with cash than with credit!

    March 19, 2009 at 4:49 AM #369665
    danthedart
    Participant

    I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.

    If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.

    Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.

    These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.

    If there are more homes than there are families, the price will drop.

    March 19, 2009 at 4:49 AM #369953
    danthedart
    Participant

    I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.

    If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.

    Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.

    These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.

    If there are more homes than there are families, the price will drop.

    March 19, 2009 at 4:49 AM #370120
    danthedart
    Participant

    I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.

    If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.

    Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.

    These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.

    If there are more homes than there are families, the price will drop.

    March 19, 2009 at 4:49 AM #370161
    danthedart
    Participant

    I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.

    If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.

    Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.

    These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.

    If there are more homes than there are families, the price will drop.

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