I think I might get into the business of selling opinions.  I should make a big, sweeping statement about something, proclaiming it loud enough that no one would dare disagree.  Then, I will post it, and charge for people to read it.  Or, maybe I'll just keep looking at Surfline while blogging instead.

I have been receiving a number of calls from people wanting to get pennies on the dollar for REO (Real Estate Owned) properties.  The latest one has me laughing.

Caller: "I see you have several bank owned properties for sale.  Realty Trac said I should be able to buy them for $0.60 on the dollar.  What do you think?"

Now, maybe I need more coffee before responding, but I couldn't help myself.

My response:"My opinion is that you subscribe to Realty Trac.  They are selling a web subscription, and got you to buy it."

Needless to say, he was pretty irate when Wells Fargo didn't just hand him the keys to 3-4 houses in exchange for whatever loose change he was holding at the time.

Bottomline, it is unfortunate that good, hardworking home shoppers are being lured in to paying for information that is no longer timely, is outdated, doesn't apply to local markets, or is just plain wrong. 

Trust me, if I could get a house for $0.60 on the dollar, I would find a way to buy it myself before you call me.

Just more random thoughts from the day to day Realtor life.

ken

ken@dixonteamoc.com

www.DixonTeamOC.com