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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Selling foreclosure Posted by Ward-CA- on June 19, 2001 at 12:32 AM In Reply to: Selling foreclosure posted by Andre on June 18, 2001 at 6:14 PM : I'm new in the business and I was wondering how long, on average, does it take to buy a foreclosure and re-sell it. I am in the Atlanta, GA market. : Thanks ========= Andre, it depends on the overall real estate market. If the area is in a "Seller's" market you can expect a hold of 6 months or less, whereas if it's a "Neutral" market about 8 months and in a "Buyer's market it takes about 10 months to flip. The extra months are needed for the extended marketing effort it takes when the general real estate market turns down, or "soft". The time spent for other activities, such as gaining possession from the ex-owner and doing a cosmetic rehab don't vary in time regardless of which type of market is extant. Follow Ups: Re: Selling foreclosure Jim V 0:37 AM, 06/20/01 (2) Re: Selling foreclosure Donovan Gekko 10:18 AM, 07/02/01 (1) Re: Selling foreclosure Jim V 12:40 AM, 07/02/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I'm new in the business and I was wondering how long, on average, does it take to buy a foreclosure and re-sell it. I am in the Atlanta, GA market. : : Thanks : ========= : Andre, it depends on the overall real estate market. If the area is in a "Seller's" market you can expect a hold of 6 months or less, whereas if it's a "Neutral" market about 8 months and in a "Buyer's market it takes about 10 months to flip. : The extra months are needed for the extended marketing effort it takes when the general real estate market turns down, or "soft". The time spent for other activities, such as gaining possession from the ex-owner and doing a cosmetic rehab don't vary in time regardless of which type of market is extant. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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