InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Slowing down? Posted by BrianH on July 13, 2010 at 1:53 PM In Reply to: Slowing down? posted by BIG on July 12, 2010 at 12:30 AM : Anyone noticing the re-sale of properties is slowing down? Seems like before houses were put on the market there would be multiple offers within a few days and I don't see that now. Any idea why or when it will pick back up? I work a tiny sliver of a area in the Inland Empire. I've been active in this area for a few years and am currently seeing a huge slow down in activity on the houses I'm re-selling. My market is primarly FHA fist time buyers and during the tax credit one of my homes in the MLS would get 15+ offers. I currently have two on the MLS that are going on several weeks with a 4% commission. One house has an acceptable offer that we are countering the details on and the other one is going nowhere fast. The one with zero activity is a nice, ready to move in home that is the cheapest price per sq. foot in the area. I've purchased/sold seven or eight in this specific tract in the last 18 months and am frankly surprised as all heck at the lack of interest on this house. I'm going to put it in as a 5% commission at the end of the week if I still don't have offers. Follow Ups: Re: Slowing down? Question 3:31 PM, 07/13/10 (2) Re: Slowing down? BrianH 7:00 AM, 07/14/10 (1) Re: Slowing down? bukzin 8:28 PM, 07/15/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Anyone noticing the re-sale of properties is slowing down? Seems like before houses were put on the market there would be multiple offers within a few days and I don't see that now. Any idea why or when it will pick back up? : I work a tiny sliver of a area in the Inland Empire. I've been active in this area for a few years and am currently seeing a huge slow down in activity on the houses I'm re-selling. My market is primarly FHA fist time buyers and during the tax credit one of my homes in the MLS would get 15+ offers. I currently have two on the MLS that are going on several weeks with a 4% commission. One house has an acceptable offer that we are countering the details on and the other one is going nowhere fast. The one with zero activity is a nice, ready to move in home that is the cheapest price per sq. foot in the area. I've purchased/sold seven or eight in this specific tract in the last 18 months and am frankly surprised as all heck at the lack of interest on this house. : I'm going to put it in as a 5% commission at the end of the week if I still don't have offers. : [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455