reo agent in daytona beach area: Terms vs price. Making an offer on bank owned property. - 10/29/09 12:31 AM
   
Let's cut to the chase. Banks are not just motivated by price. I have researched this and lived it. I suggest agents look at the structure of REO deals and see what terms work best.Some experienced agents have told me that buying REO property or short sales isn't much different than "traditional" real estate. Bull.If you look at all the sales of single family homes in the MLS on beachside south of the Dunlawton Bridge you will find something interesting. This area includes Ponce Inlet, Wilbur by the Sea, and some of Port Orange. Only 2 homes have sold for … (7 comments)

reo agent in daytona beach area: When Will the Market Come Back? - 02/20/09 04:22 AM
I was recently at a meeting of about 25 Realtors. One of them said her business was slow and she could not wait for the market to come back.I was shocked. I do not understand this mentality. The market never left. I see so many people in the real estate business sitting on their hands waiting for "something" to happen. The market has changed but it did not go away. This reminds me of the 1% rule: 1% of the people make things happen. 2% watch and understand what happened. 97% stand around and say "WHAT HAPPENED?"I have been closing a … (13 comments)

reo agent in daytona beach area: Which sells at a better price - REO or Short Sales - 12/12/08 02:26 PM
I did a quick search of the lowest priced properties to sell in my market (Daytona Beach, Fl) and I was surprised at what I found.
I searched the MLS for all properties sold and sorted out the bottom 30 as to whether they were bank owned, short sales, or "regular" sellers. Not all bank owned are coded as such, so it took some time to figure out or I would have used a larger sample.
I found that at the bottom of the market:
93.3% were REO.
6.7% were regular sellers.
0.0% were short sales.
I am sure this does … (0 comments)