Investors United School of Real Estate Investing
Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Free Marketing Kit



How To Advertise Here

Sponsors
More Good Ideas!
Get Listed In The Realtor Directory

Internet Marketing Tips for Realtors




Build your brand on a Real Estate Site


Facebook
Sponsors
Topic Options
Rate This Topic
#431881 - 01/15/14 03:36 PM Fannie Mae Homepath
SethJLamb.com Offline
Junior Member

Registered: 05/21/13
Posts: 4
Loc: Philadelphia, PA
Are these homes usually good deals? Do they usually go for below or above asking price?

-Seth

Top
#431894 - 01/16/14 07:56 AM Re: Fannie Mae Homepath [Re: SethJLamb.com]
BpoBill Offline
Major Contributor

Registered: 09/24/06
Posts: 2276
Loc: US
Your answer is "it depends on many factors." On average they seem to price close to market value. Some are priced above, and some are priced below. Same as every other listing out there.


Edited by BpoBill (01/16/14 07:57 AM)

Top
#433375 - 02/24/14 02:51 PM Re: Fannie Mae Homepath [Re: SethJLamb.com]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1778
Loc: Missouri
Homepath properties are appraised before they go on market. Usually, the initial price is pretty close to appraised value. After all, Fannie knows they cannot sell a house above market value, because it will not appraise.

Homepath listings, like all foreclosures, become bargains after having been on market for a time; because they get regular price reductions.
_________________________
Broker/Owner, REALTORŪ,GRI, ABR
REO listing/selling since 2004; BPOs only for current clients

Top
#433377 - 02/24/14 03:33 PM Re: Fannie Mae Homepath [Re: LizL]
MOMO Offline
Member

Registered: 03/02/13
Posts: 161
Loc: USA
Originally Posted By: LizL
Homepath properties are appraised before they go on market. Usually, the initial price is pretty close to appraised value. After all, Fannie knows they cannot sell a house above market value, because it will not appraise.

Homepath listings, like all foreclosures, become bargains after having been on market for a time; because they get regular price reductions.


Homepath does regular appraisals and not BPO's? I list a lot of foreclosure properties for a local bank and they do appraisals and list at appraised price which is almost always WAY above market value...funny how that happens when an appraiser doesn't have the sale price in front of them.

Top






Moderator:  RaquelMangual 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Sponsors

Newest Members
Bent Philipson, hollywoodtoday, soldbystein.com, Robert Cogdill, Re-seller Forum
26145 Registered Users
Who's Online
5 registered (bluebird, REal Guy, RAH, 2 invisible), 235 Guests and 9 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
David Hunter 54
lucky 41
BrianMI 40
RAH 38
Vermont 36
75Corvette 16
gitmonee 15
Bigtoe 13
JasonBurcham5643 13
agentjunior 12
poindexter 12
fdegree 10
12 step 4 BPOs? 9
synergy 9
Karenrealtor4u 8
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 10843970
No new orders today 9946554
Stupid MLS comments. 2052427
What do you know about Froy Candelario, top agent in USA 681120
Stupid QC comments and BPO requirements. 647183
New HUD Listing Brokers---Any Update? 613593
Is there religious content in Buffini class? 486737
EML 459215
Pay it Forward - BPO/REO Tips & Tricks I & II 387293
Let's talk about our cars 383978
Most common items found at an REO 325157
Evalonline 300063
Land America 285039
REOTRANS 269490
Mainstreet 261846
Name that Flick. Great movie Lines. 253041
asset val seminar in colorado 247468
FARVV 177360
HOMONYMS - There, Their, and They're 161253
assist 2 sell or 1 percent realty? 148935
Featured Member
Registered: 11/12/12
Posts: 9

How To Advertise Here


This site presented by RNC Internet Services