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The Silver Lining for Buyers and Sellers - 03/17/09 12:38 PM
THE SILVER LINING FOR BUYERS and SELLERS
In tough times, the tough get going!!!
MORE EXPERIENCED AGENTS- Those of us who are still actively working full-time in the real estate market are working hard and expanding our knowledge. For me, I spend many hours a day doing BPO's, CMA's, and talking to Buyers, Banks, and Asset Managers. We spend time finding out what a short-sale entails(hours on the phone with Banks), what REO properties require to obtain the acceptance. This provides knowledge in the value of homes relating to key information for Buyers to make an informed decision. Many hours are spent … (4 comments)
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Home Pricing in a Declining Market - 03/10/09 04:07 PM
I am writing this article because I run across many lenders who want value for their deliquent loans, but seem to still think that an appraisal or a BPO with 90 - 120 day value can be stated. Most lenders still want you to state the 90-120 value higher than the 30 (fire sale) value. Unfortunately, the property is worth more with a 30 day sale versus a 90 or 120 day value. Does this not hold true even in a stable market???
Does an Appraisal show the true value in a declining market? No, I don't believe it does because an appraisal is based … (0 comments)
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Debi Spellman
Peoria,
AZ
More about me…
RE/MAX Renaissance Realty
Address: 9059 W. Lake Pleasant Pkwy., B-200, Peoria, AZ, 85382
Office Phone: (623) 486-5700 x 114
Cell Phone: (602) 463-1279
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