bank owned: Moorpark Home Sales Market Report, 1st Quarter 2009, REO, Bank Owned
- 04/01/09 06:09 PM
Moorpark, CA, Home Sales Market Report 1st Quarter 2009, REO Analysis: Days on market remaining stable averaging 53 days. Cost per square foot: $210.48 (REO) Cost per square foot: $249.10 (NON-REO) Selling price%List price at 98.28% Percentage of units sold that were REO:19%. Total units sold: 81 Prepared by: Rudy Detgen Troop Real Estate Inc. 3200 E Los Angeles Ave #12 Simi Valley, CA 93065 RDETGEN@SBCGLOBAL.NET www.rudydetgen.com all data deemed reliable but not guaranteed … (0 comments)
Total units sold: 84 Units that were REO: 9 Averages Non REO: Averages REO: sq.ft. 2,178 sq.ft.: 1,482 List Price: 571,775 List Price: 354,400 Sale Price: 534,963 Sale Price: 353,433 SP%LP: 93.56 SP%LP: 99.73 $/sq.ft: 254.62 $/sq.ft.: 239.20 DOM: 103 DOM: 86
Presented by: Rudy Detgen Troop Real Estate rdetgen@sbcglobal.net www.rudydetgen.com all information deemed reliable but not guaranteed
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bank owned: Simi Valley, CA, REO Housing Market Report 4th Quarter 2008, Bank Owned, Foreclosures, Home Sales, Simi Valley Moorpark Housing Market
- 02/08/09 06:33 AM
Simi Valley, CA, REO Market Report 4th Quarter 2008 Analysis: Days on market remaining stable averaging 47 days. Cost per square foot remaining stable at $235.00 per sq.ft. Selling price%List price at 100.58%, up from 3rd quarter Percentage of units sold that were REO:18%. Down from 3rd quarter's 46% Prepared by: Rudy Detgen Troop Real Estate Inc. 3200 E Los Angeles Ave #12 Simi Valley, CA 93065 RDETGEN@SBCGLOBAL.NET www.rudydetgen.com all data deemed reliable but not guaranteed … (1 comments)
Two Bedrooms, two and one half baths. Gorgeous kitchen with stainless appliances, white tile and designer back splash. Master has two closets and it's own private balcony. Lower level has Bamboo laminate flooring throughout. Custom paint and lighting. Enjoy the sounds of a rushing river just inches from your private patio. A must see property! Rudy Detgen Troop Real Estate cell: 805.217.6706 email: rdetgen@sbcglobal.net web: www.rudydetgen.com
Bank owned, REO 1156 Arcane St, Simi Valley, CA 93065 4+2, newer kitchen, RV, fireplace, covered patio. Offered at $364,900
Presented by Rudy Detgen, Realtor Troop Real Estate Cell: 805-217-6706 email: rdetgen@sbcglobal.net … (0 comments)
bank owned: SIMI VALLEY BUYER'S AGENT JOINS REO TEAM! bank owned, foreclosure, homes in ventura county
- 11/20/08 07:16 AM
FRESH OFF THE PRESS! REO listing specialist Rudy Detgen, just added a buyer's agent to his team! This is exciting news for anyone looking to purchase bank owned homes, REO's, in Ventura County or the San Fernando Valley. Jamison Malone comes to the team with years of experience in the local market representing both buyers and sellers alike. She is experienced in writing offers on some of the most difficult transactions in a market where almost half of the homes sold are Real Estate Owned, (REO), or Bank Owned. Jamison will offer buyers of these properties her expert representation in dealing with the banks. … (0 comments)
bank owned: TROOP REAL ESTATE; SIMI VALLEY REO (BANK OWNED) LISTING AGENT ADDED BUYER'S REP TO TEAM!
- 11/19/08 01:12 PM
FRESH OFF THE PRESS! REO listing specialist Rudy Detgen, just added a buyer's agent to his team! This is exciting news for anyone looking to purchase bank owned homes, REO's, in Ventura County or the San Fernando Valley. Jamison Malone comes to the team with years of experience in the local market representing both buyers and sellers alike. She is experienced in writing offers on some of the most difficult transactions in a market where almost half of the homes sold are Real Estate Owned, (REO), or Bank Owned. Jamison will offer buyers of these properties her expert representation in dealing with the banks. … (1 comments)
bank owned: WHY NOT USE LOCAL TITLE AND ESCROW COMPANIES ON REO's?
- 11/18/08 08:54 AM
Why not use local title and escrow companies, I've been listing REO's for a while now and one thing I still don't get. If my local escrow company will match the discounted price of the lender's preferred company, why not use a local company? Price would be the same to the seller. The local company has people that we have dealt with successfully before. Much quicker movement of paperwork, deposit checks, etc. Saves more money by not having to Fed-Ex paperwork overnight. Keeps the local economy alive. Here's one scenario: My last buyer lived in Santa Barbara,CA; was purchasing a property … (9 comments)
bank owned: Simi Valley CA Housing Market, BANK OWNED HOMES (REO'S), BARGAIN OR BUMMER?
- 10/13/08 02:09 PM
Simi Valley, CA housing market BANK OWNED HOMES (REO'S), BARGAIN OR BUMMER? Are bank owned homes a bargain? Are they worth it? Well, it depends. If you are looking for: A home in move in ready condition. Full disclosure from the previous owner. Well kept landscaping. Then NO, a bank owned home is probably not for you. On the other hand if you are looking for: Value for your money. A fixer upper. A possible investment property. Your first home. Then YES, a bank owned home might be just what you are looking for. Statistics show that over the 3rd quarter … (0 comments)
bank owned: Simi Valley, CA, REO Market Report 3rd Quarter 2008, bank owned, foreclosures, homes, houses
- 10/12/08 12:10 PM
Simi Valley, CA, REO Market Report 3rd Quarter 2008 Analysis: Days on market remaining stable averaging 48 days. Cost per square foot is still decreasing. Original list prices still decreasing. New statistic was added: Percentage of sold units that were REO. Averaging a whopping 46%! Prepared by: Rudy Detgen, Realtor Troop Real Estate Simi Valley, CA RDETGEN@SBCGLOBAL.NET all data deemed reliable but not guaranteed … (0 comments)
PREPARED BY : RUDY DETGEN, REALTOR RDETGEN@SBCGLOBAL.NET www.RUDYDETGEN.COM
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bank owned: Appraisal VS. BPO
- 07/12/08 12:32 PM
Pricing of REO properties is critical if the bank is seriously trying to get it sold in 30 days. This statement may seem obvious to those of us in the business but it's not as easy as one might think. When a Lender assigns a property, one of the first tasks to perform is a Broker Price Opinion or BPO. This requires pulling comps in the area of both listed and sold properties and coming up with an opinion of value. This is a full BPO with interior and exterior photos. The agents need to take into account any repairs the property may need and … (16 comments)
bank owned: What is an REO finder? and other thoughts.
- 07/03/08 06:17 PM
A finder is an outsource company for a lender. Some of the larger lenders use finders to manage their REO assets. In my experience I have received listings in two ways. Either I'm engaged by the lender or I'm engaged by a finder. The finder is an independent asset management company that the lender outsources properties to. The reason they do this, is that right now some of their asset managers have 400 properties in their portfolios. They simply can't handle the workload so they "farm out" some of the business. If you are an approved agent with one of these … (1 comments)
bank owned: Will banks play the seller paid down payment game?
- 06/11/08 05:31 PM
Hello All, I currently have a couple of REO's listed in Ventura County California. I'll be honest when I say that these properties are hard to sell, so I recently got together with a home loan consultant from Countrywide to discuss downpayment assistance programs. The Nehemiah program seems to be the most well known. Although these programs recently came under fire from the FHA, I think they may be a win, win for both qualified buyers who may not have 3% down payment, and the banks trying to get rid of these assets. I have written a couple of query letters to the … (3 comments)
bank owned: REO's, dancin' in the dark
- 06/05/08 06:46 PM
REO's are on the upswing in the Simi Valley/Moorpark area of Ventura County California. I have been listing and selling REO properties for about two years, and some things about them don't get any easier. Never meeting the seller in person. Never meeting the seller's parents, (senior asset management who gives final approval). Coaching the buyer's agent, (constantly having to explain the rules of the game) Having to explain "AS-IS", over and over and..... Countering out all the concessions that buyer's agents write into their offer just out of habit. Having to second guess the market at the time the property gets listed,(after … (2 comments)
bank owned: REOs,Simi Valley,CA
- 04/19/08 12:47 PM
I just wanted to share a recent experience I've had in listing bank owned properties. I was first assigned this property back in January. I did all of the necessary "chores" like rekeying the locks, lawn maintenance, repair bids, BPO, and property inspection. Then I waited for about two months until the asset manager handling the property emailed me giving me the listing. I was both disappointed and elated at the same time. Disappointed because the seller had not elected to do anything about the "green" swimming pool. Elated because the list price was better than I had hoped. In my … (15 comments)
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Rudy Detgen
Realtor, Real Estate Agent, Homes, REO - Moorpark,...
Moorpark, CA, Home Sales Market Report 1st Quarter 2009, REO Analysis: Days on market remaining stable averaging 53 days. Cost per square foot: $210.48 (REO) Cost per square foot: $249.10 (NON-REO) Selling price%List price at 98.28% Percentage of units sold that were REO:19%. Total units sold: 81 Prepared by: Rudy Detgen Troop Real Estate Inc. 3200 E Los Angeles Ave #12 Simi Valley, CA 93065 RDETGEN@SBCGLOBAL.NET www.rudydetgen.com all data deemed reliable but not guaranteed … (0 comments)
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