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California's Governor signed into a law today a new tax credit for purchases made in 2010. It will be interesting to see how this impacts the market. Inventory is already terribly low, and with REOs being withheld too, what are buyers going to buy with this credit?
We have a little more information on our site's blog...…Continue
Everyone on this site is obviously focusing largely on obtaining, marketing and closing REO listings. But don't forget the buyers! It's nearly spring buying season, and I am really hopeful that business will pick up in the coming months. Here in Northern California, we have seen prices climb exponentially and then...some would say "finally"...come crashing down. We have some neighborhoods, including our specialty area, where prices have not fallen quite as hard as in other areas, but…Continue
I spend time each day on Equator, struggling to beat out everyone else trying to get BPOs. I have help -- I'm not complaining on that front -- but each day, we try to snag a BPO or two. Then we go out to work on them, spending time driving, taking pictures, pulling comps, filling in the form, etc. We aren't looking to make a living on $50 BPOs, of course. We want to get listings!
However, are any of the homes on which we do BPOs ever going to turn into listings? I am beginning…Continue