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 - Anything & Everything About It. Plus Random Musings... Thu, 09 Feb 2012 19:18:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Trent Realty http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-66252 Trent Realty Mon, 15 Feb 2010 20:09:27 +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">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 =-.

]]> By: Petra Norris http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-56659 Petra Norris Tue, 16 Jun 2009 19:16:14 +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></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</abbr></abbr>

]]> By: Jason Humpal-Lovelan http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-54522 Jason Humpal-Lovelan Sun, 31 May 2009 22:03:23 +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 http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53912 Scott @ Florida REO Tue, 26 May 2009 16:48:41 +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></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?</abbr></abbr>

]]> By: Ted Jernigan http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53856 Ted Jernigan Tue, 26 May 2009 08:40:51 +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></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</abbr></abbr>

]]> By: Jason Humpal-Lovelan http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53795 Jason Humpal-Lovelan Mon, 25 May 2009 22:00:36 +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: Sunday Stats: Listing Success Rate — The Phoenix Real Estate Guy http://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: Jim Dolanch-Pittsbur http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53615 Jim Dolanch-Pittsbur Sun, 24 May 2009 11:20:28 +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></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”</abbr></abbr>

]]> By: Leon Belenky-Apogee http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53603 Leon Belenky-Apogee Sun, 24 May 2009 10:28:46 +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: Smokin Hot Property http://www.phoenixrealestateguy.com/sunday-stats-a-look-at-bank-owned-homes-in-phoenix/#comment-53309 Smokin Hot Property Thu, 21 May 2009 08:42:18 +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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