Comments on: Sunday Stats: A look at Bank Owned Homes in Phoenix http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/ Phoenix real estate | Search Phoenix Homes for sale | Real Estate Blog Sun, 21 Mar 2010 05:31:39 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Trent Realtyhttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-66252 Trent Realty Tue, 16 Feb 2010 03:09:27 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-66252 Wow. That is some serious market competition. People should definitely make their first bid their best REO offer. The market is similar here in Florida. We are flooded with REO and Foreclosure properties, but I think we are on the uphill climb now. REOs will continue to rise for a while yet, but recovery is on the distant horizno. Thanks for the post. .-= Trent Realty´s last blog ..<a href="http://www.trentrealty.com/index.php/component/content/article/1-news/3-trent-realty-a-trade-florida-real-estate-reo-and-foreclosure-properties" rel="nofollow">Trent Realty | Florida Real Estate, REO and Foreclosure Properties</a> =-. Wow. That is some serious market competition. People should definitely make their first bid their best REO offer. The market is similar here in Florida. We are flooded with REO and Foreclosure properties, but I think we are on the uphill climb now. REOs will continue to rise for a while yet, but recovery is on the distant horizno. Thanks for the post.
Trent Realty´s last blog ..Trent Realty | Florida Real Estate, REO and Foreclosure Properties My ComLuv Profile

]]> By: Petra Norrishttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-56659 Petra Norris Wed, 17 Jun 2009 02:16:14 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-56659 It's absolutely a good idea to put in a full price or even a little than higher full price bid when you go for a short sale. Here in Central Florida, the competition is so high, that anything less usually gets passed over by lenders.*<em>*<em>Petra Norris´s last blog post..<a href="http://www.lakelandfloridaliving.com/2009/06/15/lakeland-florida-a-great-place-to-live/">Lakeland Florida – A Great Place to Live</a></em></abbr></abbr></em> It’s absolutely a good idea to put in a full price or even a little than higher full price bid when you go for a short sale. Here in Central Florida, the competition is so high, that anything less usually gets passed over by lenders.

**Petra Norris´s last blog post..Lakeland Florida – A Great Place to Live

]]> By: Jason Humpal-Loveland Real Estatehttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-54522 Jason Humpal-Loveland Real Estate Mon, 01 Jun 2009 05:03:23 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-54522 It is great advice for people to put in their highest bid the first time around, esp for a REO home. So many people are out there thinking they can get REO homes at crazy discounts, when instead there are lots of buyers bidding for the same REO, thus driving the price back up, so if you really love a home, put in your best bid so it doesn't get taken by someone else. It is great advice for people to put in their highest bid the first time around, esp for a REO home. So many people are out there thinking they can get REO homes at crazy discounts, when instead there are lots of buyers bidding for the same REO, thus driving the price back up, so if you really love a home, put in your best bid so it doesn’t get taken by someone else.

]]> By: Scott @ Florida REO Foreclosureshttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53912 Scott @ Florida REO Foreclosures Tue, 26 May 2009 23:48:41 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53912 Same here in Florida. Seems like our distressed home ratio is at 60% and lenders are inviting bidding wars. It is a great situation if you are a BPO agent but as a buyer it is very very very frustrating right now. Competition is fierce and buyers still don't get it despite how I warn them!!*<em>*<em>Scott´s last blog post..<a href="http://www.myrealtysource.com/business-finance/optionarm/">Real Estate Trouble Still Ahead?</a></em></abbr></abbr></em> Same here in Florida. Seems like our distressed home ratio is at 60% and lenders are inviting bidding wars. It is a great situation if you are a BPO agent but as a buyer it is very very very frustrating right now. Competition is fierce and buyers still don’t get it despite how I warn them!!

**Scott´s last blog post..Real Estate Trouble Still Ahead?

]]> By: Ted Jerniganhttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53856 Ted Jernigan Tue, 26 May 2009 15:40:51 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53856 It always sad to see foreclosures, but hopefully we can ride this wave out and the trend will slowly and surely creep upward.<a href="http://www.teamjernigan.com">McKinney Real Estate</a>*<em>*<em>Ted Jernigan´s last blog post..<a href="http://www.teamjernigan.com/texas-housing-prices">Texas Housing Prices</a></em></abbr></abbr></em> It always sad to see foreclosures, but hopefully we can ride this wave out and the trend will slowly and surely creep upward.

McKinney Real Estate

**Ted Jernigan´s last blog post..Texas Housing Prices

]]> By: Jason Humpal-Loveland Real Estatehttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53795 Jason Humpal-Loveland Real Estate Tue, 26 May 2009 05:00:36 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53795 It is too bad to see there are so many short sales in your area-though that is good news that there is only a month's supply of REO's left-so even if you do get that next wave of foreclosures, your market can handle a jump in the supply number and still be considered a "neutral" market. It is too bad to see there are so many short sales in your area-though that is good news that there is only a month’s supply of REO’s left-so even if you do get that next wave of foreclosures, your market can handle a jump in the supply number and still be considered a “neutral” market.

]]> By: Jim Dolanch-Pittsburgh Real Estate Experthttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53615 Jim Dolanch-Pittsburgh Real Estate Expert Sun, 24 May 2009 18:20:28 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53615 Even though it is depressing to see that so much of your market is distressed listings, it is nice to see that they are selling so quickly! And I am glad to see a few white circles in your graph....hopefully by the end of the summer more numbers will be pointing to a neutral market.*<em>*<em>Jim Dolanch-Pittsburgh Real Estate Expert´s last blog post..<a href="http://blog.jimdolanch.com/pittsburgh-is-one-of-the-best-cities-for-a-fresh-start/">Pittsburgh is One of the “Best Cities for a Fresh Start”</a></em></abbr></abbr></em> Even though it is depressing to see that so much of your market is distressed listings, it is nice to see that they are selling so quickly! And I am glad to see a few white circles in your graph….hopefully by the end of the summer more numbers will be pointing to a neutral market.

**Jim Dolanch-Pittsburgh Real Estate Expert´s last blog post..Pittsburgh is One of the “Best Cities for a Fresh Start”

]]> By: Leon Belenky-Apogee Miamihttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53603 Leon Belenky-Apogee Miami Sun, 24 May 2009 17:28:46 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53603 You might have already mentioned this in another post, and I apologize if you have and I just missed it; but I was wondering if the REO's are at drastically reduced prices compared to normal seller listings? Or is it that you just have so many REO listings in your area compared to normal listings that most of the sold homes just by default were REOs. It is great news to see that you are in a neutral market though! Very good signs for both buyers and sellers! You might have already mentioned this in another post, and I apologize if you have and I just missed it; but I was wondering if the REO’s are at drastically reduced prices compared to normal seller listings? Or is it that you just have so many REO listings in your area compared to normal listings that most of the sold homes just by default were REOs. It is great news to see that you are in a neutral market though! Very good signs for both buyers and sellers!

]]> By: Sunday Stats: Listing Success Rate — The Phoenix Real Estate Guyhttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53599 Sunday Stats: Listing Success Rate — The Phoenix Real Estate Guy Sun, 24 May 2009 17:07:16 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53599 [...] and in most parts of the Phoenix metro area compose a significant proportion of sales (see the Distressed Sales chart posted last week for the gory details).   As anyone that has tried to buy a bank owned home will tell you, they [...] [...] and in most parts of the Phoenix metro area compose a significant proportion of sales (see the Distressed Sales chart posted last week for the gory details).   As anyone that has tried to buy a bank owned home will tell you, they [...]

]]> By: Smokin Hot Property Leadshttp://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53309 Smokin Hot Property Leads Thu, 21 May 2009 15:42:18 +0000 http://www.phoenixrealestateguy.com/?p=2306#comment-53309 Comment deleted as it violates the published <a href="http://www.phoenixrealestateguy.com/about-jay-and-francy/blogcomment-policy">comment policy</a> regarding advertising.If you want to advertise a lead generating site, I recommend setting up your own blog to tout its virtues.Jay T. Comment deleted as it violates the published comment policy regarding advertising.

If you want to advertise a lead generating site, I recommend setting up your own blog to tout its virtues.

Jay T.

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