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% of foreclosures in our market. What is the percentage in yours?

By
Real Estate Agent with WestUSA Realty Revelation
I was in San Diego this past week for a Realty Executives Convention. While I was there, I visited another franchise in the San Diego area. When speaking with the borker/owner there, she said that bank owned REO home and short sales made up 57% of their real estate market!!!!!! That floored me. In the Minneapolis market, we have roughly 8.5 homes for every 1 buyer. I think we are around 35-45% REO homes and short sales. What is going on in your region? www.auctusrealty.com
Posted by

Jason E Whaley,GRI,SFR,CDRS
Real Estate Broker
RE/MAX Homes & Investments
480-254-6464-Cell/Text
jw@rexmn.com
Arizona Real Estate
www.SearchAZmls.com

Jason Whaley specializes in Arizona Real Estate including the cities of Chandler, Gilbert, Mesa, Tempe, Scottsdale, Phoenix, Queen Creek and more. Jason helps a lot of sellers that need to Short Sale their home in addition to the traditional sellers. On the buyers side, he mainly works with first time homebuyers and Real Estate Investors. His investors are buying homes at the auctions and are also fixing and reselling them for a profit. There are many deals out there right now and if you are looking to buy a Foreclosure or if you want to Avoid Foreclosure, you need to give him a call. Jason has been in the Real Estate business for almost 10 years.

Show All Comments
Nova Shank
Champions Real Estate Services - Seattle, WA
I believe, in what we will achieve.
Seattle is highly competitive when is come to obvious equity in a piece of real estate. I have been submitted deals and been third or forth in line.
Mar 24, 2008 08:52 AM
DeAndrea "Dee Dee" Jones
Samson Properties - Manassas, VA
DMVRealEstateChick
Im not sure what the % is in my city but Im noticing more and more in the MLS to the point that Im searching for regular sales.
Mar 24, 2008 08:53 AM
Jason Whaley
WestUSA Realty Revelation - Chandler, AZ
Our buyers are getting more annoyed everytime we have to write another offer and get back in the car. It also seems like the listing agents and the appointed title companies that are working with these banks are not motivated to get my deal done. If there is a snag, then they want to not work and move on to the next offer. They are lazy because they know that they have more listings coming down the pipe. 
Mar 24, 2008 09:29 AM
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