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#346925 - 08/06/10 11:50 PM Really be interested in territorial markets ie Ohio and the Mid east states
Char K Offline
Veteran Member

Registered: 02/25/08
Posts: 826
Loc: USA
crazy ;)Still relatively new to this venue. Have made some $$ in this business but not much in comparison to what would be big $$ in other markets. Would really like to know what is going on in OHIO! My volume is almost what it was my second year in this business ( 2008). I'm not after the reo $$, never have been, just looking for the tide me over stuff. According to reps I'm in good to great standing but the orders from my favs just aren't there. I know it's really easy to be paranoid in this business.......could I have a shout from this area? or from other areas that were never as high profile as CA, NEV, or FL Thanks for your comments


Edited by Char K (08/06/10 11:55 PM)
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Licensed Realtor since 2000

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#346929 - 08/07/10 12:09 AM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: Char K]
Char K Offline
Veteran Member

Registered: 02/25/08
Posts: 826
Loc: USA
Sorry for appearing like a cry baby just really curious as to the tone in my market place = )
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Licensed Realtor since 2000

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#346947 - 08/07/10 09:25 AM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: Char K]
rls362 Offline
Member

Registered: 10/11/04
Posts: 293
Loc: michigan
I am in Michigan and my volume this week was 1/5 of a normal 1st week of the month. I am researching other options. It is starting to look like a trend.

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#346954 - 08/07/10 11:18 AM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: rls362]
REO driven Offline
Veteran Member

Registered: 06/20/07
Posts: 696
Loc: In the cornfield
I am in the Ohio market and have been as busy as ever. As I see it the trend will be more work. As I drive through subdivisions I see numerous vacants with stickers on windows that have not yet come to the market.

Char

Maybe you should expand beyond you "Favs"

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#346982 - 08/07/10 06:43 PM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: REO driven]
Traveler Offline
Major Contributor

Registered: 11/14/00
Posts: 2268
Loc: The Coast
Government intervention has put the kabash on the reo business ever since the housing crisis began.

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#347323 - 08/10/10 08:07 PM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: Traveler]
tnugent Offline
Member

Registered: 07/13/07
Posts: 348
Loc: Ohio
Originally Posted By: Traveler
Government intervention has put the kabash on the reo business ever since the housing crisis began.


They still have to do something with these houses, they are really just slowing down the process and creating a log jam of properties. I just hope that I am around long enough to help find owners for all of these properties.

To answer the orginal question, I was slow for about three months but the last two have really picked up.


Edited by tnugent (08/10/10 08:08 PM)
Edit Reason: Elaborate

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#347575 - 08/12/10 08:02 AM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: REO driven]
Char K Offline
Veteran Member

Registered: 02/25/08
Posts: 826
Loc: USA
probably the best idea.......I must seem complacent working the same old stuff but I don't think I thought about the bpo in that way. But I'm getting the picture! Thanks
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Licensed Realtor since 2000

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#347593 - 08/12/10 10:37 AM Re: Really be interested in territorial markets ie Ohio and the Mid east states [Re: Char K]
Traveler Offline
Major Contributor

Registered: 11/14/00
Posts: 2268
Loc: The Coast
Quote:
They still have to do something with these houses, they are really just slowing down the process and creating a log jam of properties.


They need to reduce the prices to reality; to cash liquidation value, not fantasy land value.
Then they will have plenty of buyers.
Instead they play accounting games, and borrow at zero while buying treasuries with a guaranteed 3.6% return from the Federal Reserve with absolutely no risk.


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