Comments on: Bidding On Bank-Owned Homes http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html Redfin Orange County Sweet Digs Mon, 16 Jan 2012 10:53:20 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: bidding bank owned homes « Uncategorized « foreclosures web http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html/comment-page-1#comment-35655 bidding bank owned homes « Uncategorized « foreclosures web Mon, 21 Jun 2010 15:44:44 +0000 http://blog.redfin.com/orangecounty/?p=3237#comment-35655 [...] 6.Bidding On Bank-Owned Homes | Redfin Orange County Sweet Digs Tips For Bidding On A Bank-Owned Home … Angela recently submitted offers on these two bank-owned homes: … If you’re looking at bank-owned homes in Orange County, keep in mind that these properties are aggressively price to attract a lot of buyers. This works for the banks, bank-owned homes sell for at least the asking… http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html [...] [...] 6.Bidding On Bank-Owned Homes | Redfin Orange County Sweet Digs Tips For Bidding On A Bank-Owned Home … Angela recently submitted offers on these two bank-owned homes: … If you’re looking at bank-owned homes in Orange County, keep in mind that these properties are aggressively price to attract a lot of buyers. This works for the banks, bank-owned homes sell for at least the asking… http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html [...]

]]> By: Oliver http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html/comment-page-1#comment-34233 Oliver Sun, 27 Sep 2009 04:42:39 +0000 http://blog.redfin.com/orangecounty/?p=3237#comment-34233 AND Get the offer in quick. Some of these homes are going pending the first day they hit the market. Follow me on Twitter, lets connect: http://twitter.com/OliverGraf360 AND Get the offer in quick. Some of these homes are going pending the first day they hit the market.

Follow me on Twitter, lets connect:
http://twitter.com/OliverGraf360

]]> By: CJ http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html/comment-page-1#comment-34127 CJ Mon, 31 Aug 2009 05:21:45 +0000 http://blog.redfin.com/orangecounty/?p=3237#comment-34127 This is indeed what is going wrong with the market. This is a business and realtors are paid to get the best offer possible. And if you're bidding and bidding - have your final price and don't go over it. Let some sucker bid higher and overpay for the house. Realtors are playing tricks with the market. Look at the foreclosure statistics - more in July 2009 than in the past two years?? More then double July 2008. Let's reign in some common sense - more foreclosures than ever - turbulent times with Wall Street speculators trying to paint a rosy recovery is happening, more foreclosures and thus inventory than ever, no signs of lower unemployment or increased production in the economy... if you buy now you are playing russian roulette unless you like the house and will settle for 5+ years. But don't blame the game or get frustrated by it... just go and low ball as many sellers as you can, this is after all an investment (business decision) as much as it is an emaotional home purchase. Good luck to all and remeber to trust your gut ! This is indeed what is going wrong with the market. This is a business and realtors are paid to get the best offer possible. And if you’re bidding and bidding – have your final price and don’t go over it. Let some sucker bid higher and overpay for the house. Realtors are playing tricks with the market. Look at the foreclosure statistics – more in July 2009 than in the past two years?? More then double July 2008. Let’s reign in some common sense – more foreclosures than ever – turbulent times with Wall Street speculators trying to paint a rosy recovery is happening, more foreclosures and thus inventory than ever, no signs of lower unemployment or increased production in the economy… if you buy now you are playing russian roulette unless you like the house and will settle for 5+ years. But don’t blame the game or get frustrated by it… just go and low ball as many sellers as you can, this is after all an investment (business decision) as much as it is an emaotional home purchase. Good luck to all and remeber to trust your gut !

]]> By: Reggie http://blog.redfin.com/orangecounty/2009/08/bidding_on_bank-owned_homes.html/comment-page-1#comment-34118 Reggie Thu, 27 Aug 2009 14:32:36 +0000 http://blog.redfin.com/orangecounty/?p=3237#comment-34118 This page is an understatement of what the LA-OC market has been this summer(2009). I have been up against 40+ offers twice, I have been outbid 20-80k (under 400k props), you would be lucky if you get a courtesy communication from the listing agent that you did not get the home, listing agents playing the market and not updating to pending even after escrow, appraisers continuing to mark socal as a declining market, listing agents cutting inside deals? - one nice home that I saw near CA country club in N Whittier, had fallen out of escrow and the person showing it asked me to have the listing agent make the offer unless my realtor was a relative, next, the agent mysteriously could not receive my offers by email till the third time, we never heard from them again, another agent actually called my realtor and asked to reduce the offer by 50k. This page is an understatement of what the LA-OC market has been this summer(2009). I have been up against 40+ offers twice, I have been outbid 20-80k (under 400k props), you would be lucky if you get a courtesy communication from the listing agent that you did not get the home, listing agents playing the market and not updating to pending even after escrow, appraisers continuing to mark socal as a declining market, listing agents cutting inside deals? – one nice home that I saw near CA country club in N Whittier, had fallen out of escrow and the person showing it asked me to have the listing agent make the offer unless my realtor was a relative, next, the agent mysteriously could not receive my offers by email till the third time, we never heard from them again, another agent actually called my realtor and asked to reduce the offer by 50k.

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