All Forum Posts by: Jocelyn Thompson

Hello,

I am comparing comps for an REO that was listed several months ago for around 35K it has now been reduced to around 16K. I am looking at comps the realtor sent and I cannot believe my eyes. The comps for the last 60 days for 3/1 houses are 15K, 16K, 11K and 9K.

If all of the houses in the area are being sold as bank REOs does that mean I need to look for a new area?

Has anyone run into this problem?

BTW, the realtor is the listing agent. She told me there is a little wiggle room. Looks like there would need to be a great deal of wiggle room for this to work. :D

Thank you all so much for the advice.

Have A Blessed Day

Okay let me try that again.

What I was trying to say was sometimes the lessons learned in our failures are priceless.

Stay encouraged, sometimes the lessons learned are our failures are priceless.

I have done a little research on probate cases in my area. I am finding that the listings do not disclose whether there is real estate included with the case. I was told the cases marked EST which stand for estate could have real estate included in the case.

Is anyone else running across anything similar?

Would you do blanket mailings to all of the listings that have EST?

Thanks in advance for your advice. :D

I have also heard a few say to ask for a POF letter from the potential buyer.

I have done a little research concerning probate where I live and I am finding in my county the probate listings do not say if there is real estate involved. I was told if the entry is listed EST which stands for estate then there could be real estate included in the case.

Is anyone else finding that to be the case with your county?

As expensive as postage has gotten to be I would hate to mail to ppl that do not have real estate listed in their probate cases.

Thanks

Good question I was wondering about this myself.

What differentiates me from the rest of the investors?

Especially the ones with more experience, etc.

Hi Michael G,

Keep us informed with your IM campaign. I am interested to know what type of results to expect.

I have read very mixed reviews.

I am a newbie like you at this time.

I plan to simultaneously build my buyers list while finding good deals. Like a lot of ppl here have posted if we have a good deal it seems that if we market correctly we should not have a terrible time getting a buyer.

I think the more difficult task will be getting good deals.

GOOD LUCK TO YOU