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reos: My clients became very scared when I showed them a REO last week! by Vegas Bob
- 08/17/09 11:20 AM
My clients became very scared when I showed them a REO last week! by Vegas Bob
This has happened to me before and it can be a little creepy, and my clients were very bothered by it.
I try not to show homes after dark, especially REO homes because most of the time the power is turned off. We were running a little late on several showings and I asked my clients if they wanted to look at the last home in the morning the following day. They mentioned that they had plans the following day and wanted to look at … (5 comments)
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reos: Anyone interested in looking at homes in triple digit temperatures?
- 07/20/09 12:29 AM
Anyone interested in looking at homes in triple digit temperatures?
Temperatures have been very, very hot in the South West and people hurry from one air conditioned spot to another.
When looking at home when the temperatures are this hot you will view many homes that are REOs and there is no air conditioning, it's very uncomfortable. And because of these conditions they is not much time spent viewing the homes.
So my question again to you is ...................
Anyone interested in looking at homes in triple digit temperatures?
And let me know when you ready to look at some … (15 comments)
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reos: I have been advising some clients to wait till (Fall) to purchase!
- 06/23/09 12:14 AM
I have been advising some clients to wait till (Fall) to purchase!
I have some clients that are looking for homes in certain areas, and certain types of homes. There is not a large selection to pick from in Las Vegas because a large portion of the inventory was bought up this spring.
Also I have had clients ask me if they should buy now and I am advising some of them to wait till fall because there will be another huge group of homes/ REOs coming from the banks.
Banks are sitting on a huge iventory of homes in Las … (13 comments)
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reos: Latest News from the Real Estate Fairy (Please read)
- 05/31/09 05:19 AM
I ran into the Real Estate Fairy again and she had some great news to tell me about the market and if it's still a great time to buy!
Most of the inventory on homes for sale in Las Vegas is gone, one of the biggest reasons!
The Banks are holding back on foreclosed homes to keep the market from being flooded with homes, the reason for it. If the market is flooded with homes then the prices will come down and the Banks will make less money.
The Real Estate Fairies advice is wait! Why would you or … (9 comments)
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reos: It's a buyer's market and here's an idea!
- 12/18/08 04:45 AM
Because of our down economy and how it will continue into 2009, and for anyone that has lost their home due to foreclose, here is an idea.
Why doesn't everyone pool together with their families, parents, brothers and sisters, etc, and purchase a huge REO home or several homes for that matter.
I know people are thinking, I don't want to live with my parents, brothers and sisters, etc. It's not for ever, it's just until the economy swings back. Every person involved can take a equal split, and if your worried about getting cheated by your family, then continue to live … (4 comments)
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reos: (PLEASE) No more REOs & Short Sales
- 07/27/08 05:09 AM
I am so very tired of these Buzz words: Foreclosed, REOs, Short Sale, Bank Owned, etc, etc.........
Someone please make it stop!
The values of homes are going to continue to drop until after the Presidential Election, why? Because 65 percent of Politicians are Attorneys and they have large investments in Real Estate.
When is the best time to buy? I would say November - December! Why? Taxes, Taxes, Taxes
If a homeowner is sitting on a home that hasn't been selling for a very long time, they want to dump it before the start of a new year.
After the … (6 comments)
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reos: BUYING BANK OWNED PROPERTIES/ REO'S
- 07/05/08 11:00 AM
Buying bank owned propertiesThere is a lot of interest in buying bank owned properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money with little effort once you know "the secret formula". The fact is that there are no secrets, and to make money does require effort.
What's an REO?REO stands for "Real Estate Owned". These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This … (5 comments)
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My clients became very scared when I showed them a REO last week! by Vegas Bob
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