reo: Sales are DOWN in Sonoma County--Wine Country or "Whine Country"?? - 07/16/09 05:39 PM
I taught my training class today at Keller Williams here in Santa Rosa, Sonoma County, "The Wine Country"! Now I think we can do a play on words here because I keep hearing Realtors/Agent complaining about the lack of inventory, lack of REO's and now having to "Sell" the dreaded "Short-Sale". Yes, this is truly becoming the "Whine Country"!!
  Our local newspaper, the Press Democrat, made a nice headline with "Sales are slipping" as our "closed sales" are down and we should be hitting 500+ units but just eecked out about 480 in June. Now here's the reason our "Sales" … (0 comments)

reo: Shadow Inventory from MDA Data Quick and SF Chronicle - 06/27/09 03:43 PM

Look at the above chart!! Absolutely amazing but WHERE are the REOs?

reo: REO Listing Agents time has come! Dictators No More?? - 02/09/09 04:18 PM
Last year I had the good fortune to work with one of the larger banks in the sale of their REO (real estate owned) or foreclosed upon properties. I attribute this to my attitude of always being helpful to everyone in our industry and to always being kind and considerate to all professionals who make up the galaxy of the great real estate community universe. A lender I had worked with for many years managed to get me an application and I became approved to represent this particular bank. I had a very good 2008.
  We have also had Realtor/Agents … (1 comments)

reo: REO tips for you Buyers AND Realtor/Agents out there! - 01/15/09 01:17 PM
I find many a Realtor/Agent, after they've done their due diligence or contingencies for physical inspections, will come back with this long list of items and a huge dollar amount for a total. Now many an REO NEED a ton of work!! However, the Lender is NOT selling you a new home! Some Realtor/Agents come back insisting on new roofs, remodeled kitchens, bathrooms, residing, new flooring, windows,appliances, the whole enchilada!!
  I suspect many do this as a strategy as many a Realtor/Agent who lists REO properties do not convey the "bad" news to the lender in fear of loosing the listing. … (1 comments)

Michael Kelly, CDPE,CIPS,CRS,SRES (The Kelly-Norman Team Keller Williams RE)

Michael Kelly


Santa Rosa, CA

More about me…

The Kelly-Norman Team Keller Williams RE

Address: 120 Stony Point Road, Suite 140, Santa Rosa, CA, 95401

Office: (707) 206-4507

Mobile: (707) 322-8503

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Happenings in the wide, wonderful world of the Wine Country and the real estate market contained herein.



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