buyer: When is a Bank Owned Home Not a Bargain? - 11/30/09 09:47 PM
There is one common denominator between all real estate buyers today - whether they are shopping for investment property or first-time homebuyers...they all want a deal and the perception is that the bank owned, or REO, properties are going to be the smoking deals of the day. But not always...The truth … (2 comments)
buyer: INVESTORS- The Dirty Dozen Pre-Qual Questions...and then some - 11/30/09 11:11 AM
As an REO Listing Agent, specializing in the local market of Hemet and San Jacinto, CA bank owned (REO) real estate, my listings generate a lot of activity in the real estate investment world.Real Estate Investors are unlike first time buyers. They should never be emotionally attached to any single transaction; … (8 comments)
buyer: Prelisting Opportunity - 42079 Levi Ct, Hemet CA 92544 - 11/29/09 12:58 PM
Prelisting Opportunity - 42079 Levi Ct, Hemet CA 92544
Here is a great newer bank owned REO home, built in 2006, located close to the California Distinguished Scholl, Hemet High School. Enjoy the short video...
This 1850 sq ft semi-custom home is built near the end of a cul-de-sac … (0 comments)
buyer: market report: San Jacinto, CA | 7/21/2009 - 8/20/2009 | CONVENTIONAL Sales and The Market - 10/19/09 07:07 PM
market report: San Jacinto CA | 7/21/2009 - 8/20/2009 | CONVENTIONAL Sales and The Market
During the period between July 21st, 2009 and August 20th, 2009 there were 126 Single Family Residential Homes that closed escrow. My previous report in this series, market report UPDATE - San Jacinto CA Real Estate … (2 comments)
buyer: market report: San Jacinto CA | 7/21/2009 – 8/20/2009 | Cash Sales and The Market - 10/18/09 12:15 AM
market report: San Jacinto CA | 7/21/2009 - 8/20/2009 | Cash Sales and The Market
During the period between July 21st, 2009 and August 20th, 2009 there were 126 Single Family Residential Homes that closed escrow. My previous report in this series, market report UPDATE - San Jacinto CA Real … (3 comments)
buyer: 45 Day Escrow...All the Time in the World, Right? WRONG! - 10/15/09 11:15 AM
45 Day Escrow...All the Time in the World, Right? WRONG!The real estate market in the Hemet - San Jacinto Valley, CA is dominated with investors and first-time homebuyers. The investors have all been through escrows and know what is expected of them to close and close on time, without incurring hefty … (3 comments)
buyer: DOES AN FHA OFFER REQUIRE A MAXIMUM of 3.5% DOWN? - 10/04/09 11:50 AM
Of course not. So this is yet another frustrating scenario that continues to escalates the clash between buyers agents and REO Listing Agents.Once again, one of my listings gets cleaned up and put on the market. The seller tells me straight up that they will not consider any offers until the … (5 comments)
buyer: URGENT: BUYERS AND BUYERS AGENTS: PAY ATTENTION TO THIS...NOW! - 10/03/09 01:43 PM
Ok, let me start off by saying that I am an REO Listing Agent in the Hemet - San Jacinto Valley in Southern California - right at ground zero for the current housing crises. I have been working with the banks since 2006...so please believe what I am about to share … (15 comments)
buyer: Hemet - San Jacinto CA Bank Owned Homes and FHA Loan Requirements - 09/16/09 07:12 PM
The Southern California community of the Hemet - San Jacinto Valley in the South West Riverside County section of the Inland Empire Region has been one of the hardest hit in the entire country for it's loss of owner occupied homes being seized by lenders and converted to bank owned, or … (2 comments)
buyer: Does The Bank Owned REO Home Have Issues in the Bathroom? - 09/01/09 01:50 AM
The Hemet San Jacinto Valley real estate market in South West Riverside County region of the Inland Empire of Southern California is dominated by the sale of bank owned (or REO = Real Estate Owned) properties.
All of these bank owned homes are sold "AS-IS". Although many purchase offers negotiate a … (4 comments)
buyer: San Jacinto Market Analysis – SOLD 5/20/09 – 6/20/09 FINANCING OBSERVATIONS - 06/21/09 05:01 PM
FINANCING OBSERVATIONS
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow … (0 comments)
buyer: REO – Agent Training and Marketing –What’s the Difference? - 09/21/08 02:05 PM
There is of course a huge difference between the traditional sale of a home compared to the sale of a home that has gone through the foreclosure process and is now owned by a bank / investor.
EMOTION To sum it up in one word it would have to be … (7 comments)
buyer: How to Buy a Hemet, CA REO Property - 05/04/08 06:16 PM
About the Author: John Occhi REO REALTOR®, successfully started an REO Team in Hemet, CA that quickly expanded to 3 agents and 2 admin members with over 50 REO properties under his direct control. He was able to keep approximately 20% of his assigned inventory in escrow at any given time … (4 comments)
buyer: 2007 Real Estate Buyer – Did They Use the Internet? - 01/20/08 12:12 PM
How do I answer that with anything but a big fat DUH? The National Association of REALTORS® (NAR) recently released it’s 2007 Profile of Home Buyers and Sellers. The conclusions are not at all surprising. If anything, what surprises me is how conservative the numbers are that they report. For example, … (3 comments)
buyer: Are Their Advantages to a Particular Closing Date? - 01/20/08 11:16 AM
When representing a buyer and writing an offer, one of the question I like to pose, “When do you want to close escrow?” At least 90% of the time, no one has a clue as to when or why they should consider the options. First, let me say that as a … (0 comments)
buyer: Does a "Buyer" Really Deserve a "Buyer's Market"? - 01/08/08 11:41 AM
OK, I know I am going to get some flack for this...but I have got to tell you that I am getting sick and tired of the attitude of some buyers today. Let me tell you a story that end with me hanging up on a buyer twice.I was in the … (10 comments)
buyer: Once Again, I Find Myself Bucking Traditional Wisdom - 12/25/07 01:04 AM
Let me start by saying that I love the end of the year and the natural slow down that occurs in the real estate industry starting around the middle of December and lasts straight through the first week of January.Many REALTORS® are taking it easy - enjoying the family and holiday … (12 comments)
buyer: Hemet Real Estate Market is REO Driven - 12/24/07 06:57 PM
The Hemet, CA Real Estate market is becoming an REO driven market. An REO property, in Hemet, is one that has already gone through the foreclosure process and has been taken back by the mortgage holder - typically either a bank or an investor. The Hemet REO property is not considered … (3 comments)
buyer: Buying New Construction in Hemet, CA: Tip #5 - Why You Should Use a Buyer's Agent - 12/24/07 12:19 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (1 comments)
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There is one common denominator between all real estate buyers today - whether they are shopping for investment property or first-time homebuyers...they all want a deal and the perception is that the bank owned, or REO, properties are going to be the smoking deals of the day. But not always...The truth … (2 comments)
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