Foreclosures by Winston Westbrook | October 5, 2009
In today’s challenging real estate market where 30 offers on homes out here in Victorville, CA is the norm, (and I’m sure the same applies all over the United States) we need every little bit of information to help our offers stand out from the crowd.
I have made countless offers on REO properties including Freddie Mac deals, and these tips reflect my experience in dealing with them. These are the things that Freddie Mac always counters with and always wants flat out.
When making an offer to purchase a Freddie Mac or Home Steps owned property you should try and follow these guidelines to help your offer stand out from the crowd and help you save a day or two in negotiations with them.
The Top 20 Tips for Making offers on Freddie Mac, Home steps or FHLMC Properties
Commentary by Tom Koziol | September 25, 2009After you read this post you will realize the “new” is really the “old” but, in the end, who cares. At least according to me.
We’ve all seen headlines that read: Existing home sales dip in August or words to that effect. Truth is, those headlines aren’t news anymore. They used to be but used to be has become the norm or maybe I should say the numb.
To add more numb to this post, we all have read articles telling us real estate practitioners and investors are expressing frustration with what they consider slow action from banks. That is, banks aren’t releasing inventory fast to satisfy the demand.
My question boils down to what do they really expect from institutions that have moved, on a historical basis, extremely slow. It is merely business as usual.
On the other hand, given a red-hot market has poked its head out of the ground we should expect business not to be usual. We should demand those institutions with a home inventory to get off their duffs and start moving the product. A home is no different than any other retail product, other than the sales price. When demand flares up, release the inventory and satisfy the demand.
Is it finally here? The light at the end of the you know what?
Joshua Dorkin
The New Real Estate Niche
by Tom Koziol | September 25, 2009After you read this post you will realize the “new” is really the “old” but, in the end, who cares. At least according to me.
We’ve all seen headlines that read: Existing home sales dip in August or words to that effect. Truth is, those headlines aren’t news anymore. They used to be but used to be has become the norm or maybe I should say the numb.
To add more numb to this post, we all have read articles telling us real estate practitioners and investors are expressing frustration with what they consider slow action from banks. That is, banks aren’t releasing inventory fast to satisfy the demand.
My question boils down to what do they really expect from institutions that have moved, on a historical basis, extremely slow. It is merely business as usual.
On the other hand, given a red-hot market has poked its head out of the ground we should expect business not to be usual. We should demand those institutions with a home inventory to get off their duffs and start moving the product. A home is no different than any other retail product, other than the sales price. When demand flares up, release the inventory and satisfy the demand.