- Highlights
- Full Text
[1:39] ..." properties to achieve what you do here one. County. Judge from that prices dropped. There."...
[2:27] ..." example. Last week when the guys -- working he's looking for some investment property they were too. Decent house is needed some work on Christian -- that 57000. Means unheard. -- my buyer. Offered. Sixty. Catch"...
[3:53] ..." of those. 80%. Bingo. -- business. -- Casey's -- Well you know real estate is cyclical you know it's going to be happening it's gonna go again it's gonna go. When it goes way down and"...
[4:38] ..." very cement business. I think the problems now also. With a high gas prices and things like that the economy was happening now in election years --"...
[5:46] ..." Thing -- from your work experience. Are these primarily. Adjustable rate mortgages couldn't what or are -- these --"...
[0:00]" We keep hearing how tough the market news. How does the market."
[0:06]" We'll also look into -- more difficult today and was even from last year you you need to have at least. Three transactions. Closed to one of last -- transactions tend to meet the bills and things like that. I mean it's a great market out there if you want to buy -- property. In this really good nice -- people. That this this cautions out there -- going after shots Seau. -- so long time before they get any answers -- waiting period have to be very patient. He's been buying bank owned properties -- nine candidates. In the Gaza first time homebuyers. Prices and nice and low. That you're catering to alleviate the eyes and the FHA bias not yet to be in decent condition. Banks are -- duty thing. So it makes just have to have a lot of patience. And he gets it could -- Usually there -- people there should work one buying the property but can't well. Oh absolutely absolutely death -- things in the Asia. And it's a lot better for them to do shots. The property. Now. If people happen to make decisions can afford to lose that much money in -- can neighboring into the table. Because when on the other inmate. In making home that. -- going to make up the difference purchase because it brings experience there. It was a matter what their financial situation is. We stated it takes you read properties to achieve what you do here one. County. Judge from that prices dropped. There."
[1:52]" You know I hate this hate to say exactly what the drop was without actually checking some statistics from our office."
[1:58]" And you're talking at least. There."
[2:04]" He said. -- you know when you what we think we need to having a lot of Vancouver he's coming to an issue that probably -- thing going. And in my experience when they exceed it is game coming in wave -- market. He's causing multiple offers to happen property and -- it would -- anymore this is an example. Last week when the guys -- working he's looking for some investment property they were too. Decent house is needed some work on Christian -- that 57000. Means unheard. -- my buyer. Offered. Sixty. Catch fire. And he didn't get a bit. So there were multiple offers when we get our friend. In case. Some deaths that's. They can very. Constant dating. Are you finding that that -- was. Of these foreclosed properties. Do your lender. Foreclosed properties on the market is no doubt about that. And there are -- shots. In -- indeed every game sellers sometimes you can keep it. Initiatives the market in February and how many of proportionate percentage say -- it's me. I honestly couldn't use that. Check leaving room for -- hands I mean what did you sense that. Well our office has. Ten property under green. And out of those. 80%. Bingo. -- business. -- Casey's -- Well you know real estate is cyclical you know it's going to be happening it's gonna go again it's gonna go. When it goes way down and then the economy gets time. People lose did you I think we've always known that that is going to happen is just a matter of seeing how long is going to take in the ninety's it. It was a long time."
[4:27]" Usually it's not. So we'll have to see what this market -- how much longer before picks up again you're seeing quite."
[4:36]" Back in the nineties it was very cement business. I think the problems now also. With a high gas prices and things like that the economy was happening now in election years --"
[4:48]" If that happens after. Yet there are stories. Just walking away from. So really. The last thing people want to do as well away from him because. It's just as the worst thing -- can do for himself -- And the bank is even more workers here. We do a lot of -- sales from our office and."
[5:16]" That they would rather see him stay at the property keep the property. In many cases the banks will have to work the time. If they have hardship and her lot of action so that song may have lost his job some -- dance that. Divorce might be a problem there's lots of reasons why people in today's market need to sell that house issue if they have passion. -- is -- reason to to go see somebody in and work something out of the bank."
[5:46]" Thing -- from your work experience. Are these primarily. Adjustable rate mortgages couldn't what or are -- these --"
[5:59]" We don't actually see what they were okay and may become a bank owned properties. -- chest and he dealings that we have. I would say at least over 50% of them were subprime mortgages and asked why the mortgage industry is tightened up so much. Right now it's getting are there our people together. Something -- Slow down payment community. When you talk to a client and you -- depressed property. I would imagine people's and it's just. I mean I think they're listening to what everybody has to say they may know it's a difficult market. It's easy to attack summit today -- it was even six months ago because. They know what's coming and prices -- It's important today thank you crappy looks well you have a lot of competition. If you put your house -- it's been really nice condition. It is himself its first. Chris Kirkland and in today's market what's Olsen three months. That's what the banks -- room looking -- it -- to be very strict about. Making sure that there is -- you know just waiting house's. They should be Wendy's."
[7:18]" What did you find somebody doesn't want courtroom OK. That wants to sell or close to your price they had him. Pull off."
[7:28]" When you say differences they have on their mind. If the prices with the current market value with today into the Greek market to sell your house and if you going to find out house. If you can move up if you have a condominium by a single family. This is definitely a market is no question that. If if you just maybe I want to sell my house now I don't really have to. Maybe somebody's thinking about retiring -- want to wait a couple more years. -- market's going to come out that -- comes up. So where are they going to is going to come out -- so it really depends on personal situation. It doesn't happen to find out what to -- is -- that the person in -- and I think what can Obama. If it works."
Del.icio.us
Digg
Reddit
