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Morrow : Real Estate Advice

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Activity 1
Tue Feb 8, 2011
James Gordon ABR SFR SRS answered:
Stephen the first thing do you see a for sale tag on the property? No this is standard for Realty Trac. They want you to subscribe to their service. This property may come on the market some day. The lender may have done a loan modification with the owners. The price when it comes on the market may be much higher. Realty trac sellls information (misinformation) not homes.
Tell your client that you have access to all the properties available for sale that are lender owned and set them up a client portal.
In our area forclosure activity is down and people keep hearing that nationally prices are down and forclosures are up. Give your client a touch of reality. Clear Capital reported that Cincinnati was the 2nd best market y-o-y in home prices with an average gain of 6.4%. Here is the lnk.
http://www.bizjournals.com/cincinnati/morning_call/2011/02/cincinnati-housing-prices-post.html
... more
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