bank owned: " I stay away from short sales!" Can anyone tell me why a professional would utter these Words?
- 01/17/10 02:24 AM
In many markets a good portion of the properties that are selling are either REO or short sale. About 30% of my lisitings are short sales now and I have been able to pick up 6 REO listings ( scraps form the REO fraternity) this year. Our MLS inventory is less than 6% under contract - My inventory will be 30 to 40% under contract by the middle of next week . It just seems crazy to me why an agent working for a buyer would "stay away" these opportunities just because of the pitfalls that come with a short sale . Seems … (9 comments)
In many markets a good portion of the properties that are selling are either REO or short sale. About 30% of my lisitings are short sales now and I have been able to pick up 6 REO listings ( scraps form the REO fraternity) this year. Our MLS inventory is less than 6% under contract - My inventory will be 30 to 40% under contract by the middle of next week .;)
;)
