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Foreclosure Forum |
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Re: A JBB Deal... to do or not to do...In Reply to: A JBB Deal... to do or not to do... posted by Alfred -- CA on December 19, 2001 at 12:44 AM
: Ward, =•=•=•=•=•=•=•=•=•=•=•= Alfred, sorry about the delay. I read your post just before leaving the house and was going to come back to answer it at the office. But you know the old story, out of sight, out of mind. Anyhow, let’s take a look now.... Right now the real estate market is cooling off, especially in certain areas and at certain price levels. For example, here in San Diego we have a Buyer’s market (more than 91 days average marketing time) for properties higher than $200K sales price. But less than that price the market is a hot Seller’s market (0 to 60 days average marketing time) especially anything close in, such as the downtown area. So if I were you I’d run an MLS marketing time survey up to $200K for the same area your target property is located and see if it’s in a Seller’s market. If your average marketing time came out to be quite low, like 30 days, then yes I’d consider it. Christmas holidays will be over in a week and people will start to return to the market. But if the marketing time is protracted then I’d pass on the deal.
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