6,425,063
These are the properties I invest in, but would never sell any of these types of situations.
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Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
4,584,246
It's been more than a few years since I've had a transaction that was in any of those categories. There was a time when I can recall it was over 25% of my business.
-
Debbie Gartner
White Plains, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
5,258,256
For me in 2017, zero!
In 2009, 50% of them were short sales.
-
Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
-
Debbie Gartner
White Plains, NY
-
Mary Yonkers
Erie, PA
1,598,452
Ha ha ha
Summer, you have to be assigned to get REO
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
2,071,025
Summer, did you get your license?
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
1,847,771
2,459,243
In my town, during the last year, 3% of all single family homes sold were short sales, and 13% were foreclosures.
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Michael Jacobs
Pasadena, CA
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Debbie Gartner
White Plains, NY
5,116,528
Virtually none. Have done exactly one short sale in the past 7 years and can't remember the last time I did an REO.
-
Michael Jacobs
Pasadena, CA
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Debbie Gartner
White Plains, NY
4,319,873
1,057,554
I have one bank that I absolutely adore working with, which accounts for about 10% or less annually. Short sales are very rare these days and there has to be a real good reason for me to do one. Otherwise, fortunately it's all equity sales.
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Candice A. Donofrio
Fort Mohave, AZ
716,659
1,027,602
For the past few years, zero. For a few years, from 2007-2010, it was probably 50% since I was co-listing with another agent REOs for Indymac Bank.
And, for the record, despite what the media may have you believe, our experience was that in every case except one these were people who were gaming the system - renting out the properties, collecting rent from tenants and not ever making the first mortgage payment. In those days, it took a very long time to get foreclosed on, so there was plenty of money to be had. The people who were evicted (rarely) or to whom we offered "cash for keys" were the victims, NOT the homeowners. It was a real eye opener.
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Candice A. Donofrio
Fort Mohave, AZ
1,554,939
Bank owned or REo are = foreclosures. Shortsales are pre-foreclosures.
Thank God none since 2011. I've had 2 on the brink of short sale since then, managed to sell them both with enough gain to cover in the end.
2006-2011, 99% were REO & Pre-foreclosures though and I had to become an expert in them to survive.
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Thomas J. Nelson, REAL...
La Jolla, CA
853,762
ZERO! There are plenty available in our market but I do what I can to avoid the headaches.
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Michael Jacobs
Pasadena, CA
4,434,177
1,231,853
177,546
5,879,696
544,014
2,684,769
None in a long time. If you had asked me this a few years ago, the answer would have been 50%.
67,369
This year so far 22% of my business came from either selling or listing distressed sales.
1,712,876
1,280,848
We haven't sold a short sale, foreclosure or bank owened property in several years. There are very few on the market in our area.
648,425
3,988,013
A very small percentage of my sales are in this type of property, maybe 3-5%.
1,078,451
717,085
Very few anymore, Summer Luke . During the recession, almost all of our business were these types of properties.
5,583,328
fortunately, NONE for my team.... we do land, new construction and resale homes....
117,135
7,871,002
For several years, the majority of my sales were foreclosures. You have to select the sector that will best work for you.
1,728,767
1,525,616
1,242,204
Your photo needs to rotated. My neck gets sore(kidding)...
We had bank owned sales ~9 month, >1 year in short sales it has been almost 100% tradtional sales since 2012. Home prices have more than doubled or tripled from the brief recession. No CA-Silicon Valley area.
1,466,257
6,350
3,350,589
Zero at this time. I wish you all the best with your course work and career in real estate.
4,800,132
5,245,501
3,071,589
2,195,399
3,416,038
I target bank owned listings even in a good market so mine can be higher than most. 4 out of 10 for me can be bank owne dthese days. Most buyers are cash buyers, they buy, fix and then list the home with me again and repeat.
3,986,308
759,935
At the moment I am working on 5 short sale listings, 1 REO listing & 1 straight listing. About a 1/3 of our closings this past year were short sales, the remainder were straight sales & buyers.