I am bidding agianst alot of cash offers. Is their a lot of investors in the market.?

Asked by 1st Time!, 92105 Sat May 2, 2009

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3
Sky Minor, Agent, Los Angeles, CA
Wed Sep 9, 2009
There are so many investors buying properties for all cash under $350000 or so that it's almost pointless to look at them for yourself. Once they come out on the market, they are snatched up within hours amidst dozens of offers.

You need an agent who is in touch with the big REO listing brokers and can get access to their fall out properties before they are placed back on the MLS. I can help.

Thanks!
SKY MINOR
Broker, Preferred Realty and Loan
Cell 310-709-8283
Efax 888-866-8798
http://www.preferredrealtyandloan.com
Web Reference:  http://www.skyminor.com
0 votes
Mission Viejo…, , Mission Viejo, CA
Sun May 3, 2009
YES! they are seeing that the market is good for them. I see bank owned properties only lasting a few days and their gone. One month later they are back on the market for more money and a few fixes done to them.
There are more buyers then properties.
0 votes
John Barry, Agent, Eagle Rock, VA
Sun May 3, 2009
Yes, the investors are coming out in droves, especially in the lower-end properties. Hopefully also a likely sign that we are close to (if not already at) the bottom of the housing market.

Have a good night!

John Barry
Coldwell Banker Residential Brokerage
15490 Ventura Blvd.
Sherman Oaks, CA 91403
Cell: 323-810-7976
Email: john.barry@coldwellbanker.com
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