tag:blogger.com,1999:blog-4622411633995176328.post833544928705772507..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: A Marketing 101 refresher for bank REO sellers and their agents:Buying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4622411633995176328.post-47449908085856974402008-04-29T12:15:00.000-07:002008-04-29T12:15:00.000-07:00And credit is just getting tighter:http://housingd...And credit is just getting tighter:<BR/><BR/>http://housingdoom.com/2008/04/29/financing-got-tougher-for-real-estate-investors/#comments<BR/><BR/>Investor activity is still pretty high. Take most of them out of the market and your sales really fall through the floor.<BR/><BR/>Its funny, how come people say dont be offended by bag agents or sellers cause after the deal you will never see them again, but you are also told not to offer a price too low or you will offend the sellers. Like I should care about them.Jacobhttps://www.blogger.com/profile/16215833990317515502noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-75637804954825195822008-04-29T12:07:00.000-07:002008-04-29T12:07:00.000-07:00Alba-Speaking only for myself, I like turkey vultu...Alba-Speaking only for myself, I like turkey vultures ... and have no problem with REO or any other kind of real estate agent, except, those agents who are not professional, not competent or are dishonest. (From my experience, those that fail one of my standards usually fail all three.)<BR/><BR/>But, there is no reason that an REO listing agent can't end with a happy story. If REO buyers are truly getting such great deals, the listing agent should be happy to see folks getting such great deals, right? Sellers are not faring so well, but that is a different topic.<BR/><BR/>Patient Renter: I agree. If we still have multiple offers coming in, we are a long ways from capitulation. And with 1st 1/4 2008 notices of default increasing by 100% over 2007, that bodes for much more inventory down the road.Paulhttps://www.blogger.com/profile/15634210039124468886noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-48938455810587818922008-04-29T11:31:00.000-07:002008-04-29T11:31:00.000-07:00How can they tell what the amount of debt on a HEL...How can they tell what the amount of debt on a HELOC is? I thought the HELOC was recorded as a lien at the max value even if the balance was much smaller?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-82965102772891014922008-04-29T11:12:00.000-07:002008-04-29T11:12:00.000-07:00Add to that the Forbes article that came out today...Add to that the Forbes article that came out today on Homeowner Debt. They ranked Sacramento #1.<BR/><BR/>So about that inventory reduction....Deflationary Janehttps://www.blogger.com/profile/05567875697563069042noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-33195466609447827272008-04-29T10:14:00.001-07:002008-04-29T10:14:00.001-07:00REO RE agents are like vultures, in a good way. Th...REO RE agents are like vultures, in a good way. They clean up the mess; they're not very gregarious; don't like crowds; socially inept; hate being the center of attention; stay clean; and perform an ungratifying, yet necessary, duty for society that doesn't usually end with a happy story. Wait...that's me.albahttps://www.blogger.com/profile/17950467356817647316noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-57331423584880067472008-04-29T10:14:00.000-07:002008-04-29T10:14:00.000-07:00I agree with this post. What the banks and REO age...I agree with this post. <BR/><BR/>What the banks and REO agents are forgetting is that total capitulation is on its way... it's just a matter of time. <BR/><BR/>As has been pointed out, at the low point of the 90's downturn, NOBODY wanted anything to do with housing. Everyone wanted to rent, and the industry bent over backwards to combat this mentality. It was neither a buyer's nor sellers market, it was a "real estate is the devil" market.<BR/><BR/>Right now, there are plenty of people still willing to own, yet as the market cycle continues we'll eventually come to that point of total capitulation where sentiment changes and nobody will buy a house to save their life. I suspect at that point, the agents will wish they could go back in time and return a few calls.patient renterhttps://www.blogger.com/profile/17790407105234257876noreply@blogger.com