Comments on: Pity The Retail Seller http://www.biggerpockets.com/renewsblog/2009/05/25/pity-retail-seller/ Learn, Network, Invest Mon, 23 Nov 2009 01:38:39 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Bridget Magnus » The Big Picture is Confusing http://www.biggerpockets.com/renewsblog/2009/05/25/pity-retail-seller/comment-page-1/#comment-65917 Bridget Magnus » The Big Picture is Confusing Wed, 27 May 2009 23:39:05 +0000 http://www.biggerpockets.com/renewsblog/?p=5389#comment-65917 [...] our real estate market is dominated by bank owned properties and short sales. In his words, “pity the retail seller“! It is still very difficult for Joe and Jane Average to sell a Vegas home right now.  Not [...] [...] our real estate market is dominated by bank owned properties and short sales. In his words, “pity the retail seller“! It is still very difficult for Joe and Jane Average to sell a Vegas home right now.  Not [...]

]]> By: Chris Somers http://www.biggerpockets.com/renewsblog/2009/05/25/pity-retail-seller/comment-page-1/#comment-65861 Chris Somers Mon, 25 May 2009 13:21:56 +0000 http://www.biggerpockets.com/renewsblog/?p=5389#comment-65861 Good article and post. I agree that your conclusion "pity the retail seller" would be the case in Las Vegas and other places, presumably Florida, AZ and CA where short sales and REOs dominate the market. But this would not be the case in many other markets. In our Philadelphia market, prices are down slightly but sellers are not competing with too many REOS and short sales. As of right now, those deals are the exception. We have helped many a seller sell this year already and just sold one of our personal investment properties last week - we sold it in less than 2 weeks. <abbr><em>Chris Somers’s last blog post: <a href="http://philadelphiarealestatevoice.com/post/1088262/college-graduation-an-inspiring-time-for-us-all-" rel="nofollow">College Graduation - An Inspiring Time for Us All !</a></em></abbr> Good article and post. I agree that your conclusion “pity the retail seller” would be the case in Las Vegas and other places, presumably Florida, AZ and CA where short sales and REOs dominate the market.

But this would not be the case in many other markets. In our Philadelphia market, prices are down slightly but sellers are not competing with too many REOS and short sales. As of right now, those deals are the exception. We have helped many a seller sell this year already and just sold one of our personal investment properties last week – we sold it in less than 2 weeks.

Chris Somers’s last blog post: College Graduation – An Inspiring Time for Us All !

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