Asked by Toni, 95965 • Sat Jun 2, 2012
or (not?) From 'Investor Caution: Beware of Heat in Distressed Housing'
CNBC Monday, 21 May 2012
"Unfortunately, third party sales donâ€™t count as comparables, nor do the post-rehab houses that investors rent. The buyers canâ€™t sell them post-rehab for what they paid, so the values never make it into price statistics."
Investors in California are not quite as crazed as Arizona, according to Hanson, but they are still paying 90 percent of rehabbed value; that also puts them underwater on the investment once theyâ€™ve fixed up the home.
(My position) comparable issues preventing me from considering sale as MOST are REO or in auction process if not early stages of foreclosure.
Real Estate in Oroville
Popular Categories in Oroville
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!