Real estate blog entries tagged with reo by Tony Cannon (Keller Williams Realty)

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reo: The banks are hurting themselves and hindering market recovery - 03/31/09 12:19 AM

As most buyer's agents know, the bank selling a home in foreclosure will often take a cash offer that is less than an offer which contains a financing contingency. That may make sense, and may seem harmless enough, but let's look at it in more detail.
By taking a cash offer, … (0 comments)

reo: Banks making an effort to spruce up their listings - 12/08/08 01:23 AM

I have been pleasantly surprised recently by seeing some banks take the time to not only put carpet and paint in homes that need it, but also to replace appliances and fixtures that have been ripped out by the prior owners before being foreclosed.
It certainly creates a better impression for … (0 comments)

reo: Short sale turns to bank owned. Will the bank come out ahead? - 07/24/08 04:26 PM

I had a buyer offer $360,000 4 months ago for 1706 Calle Platico in Oceanside's Rancho Del Oro neighborhood. We were beat out one month later by an offer at $378,000. Today the bank lists the home as an REO at an asking price of $325,000. Will multiple offers drive the price … (0 comments)

reo: Villages of Rancho Del Oro in Oceanside, CA. Market Update 2/20/08 - 02/21/08 12:08 AM

Well, it has been 6 months since my last update for Rancho Del Oro(RDO) and a lot has happened since then. The lenders dropping many loan programs in July 2007 caused almost a halt of sales for RDO in the next couple months causing a 10% drop in prices in those … (0 comments)

reo: Signs of hope for price stabilization in Oceanside? - 01/05/08 02:44 AM

The inventory of Active listings in Oceanside's Rancho Del Oro tract home community of about 1700 homes currently sits at about 48 single family detached homes. In August of 2007, that number was about 80 and for Jan-May 2007 it stood at about 55 homes, when sales were brisk with prices … (1 comments)

reo: Buyer Activity for July-October in East Oceanside, CA. Predicting the future... - 09/13/07 06:17 PM

Buyer Activity Anaylsis for East Oceanside
With lender guidelines now more restrictive, a jump in interest rates on jumbo loans(over $417,000), and distressed sale properties(short sales and bank-owned) more plentiful, buyer activity on non-distressed sale homes has been slow in East Oceanside since the start of July 2007.
To see if there is … (1 comments)

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