Hula and The Real Estate Market Today

Government is working very hard to keep things from getting worse and many plans have been set in motion but the banks are very slow in the process to change. As a result we will have a lot more bank owned properties to choose from in the next few months.

On the other hand buyers are becoming quite savvy at purchasing as many as they can. Many REO properties are priced to sell quickly, receive multiple offers, and within a few days are sold. This leaves everyone else scrambling  to buy the next bank owned that hits the market. Most of these properties are not for the faint at heart....pull up your sleeves and start working, priced well but not in good condition.

I love working this market, it's an easy on stop shop. Once your offer is accepted by the bank, you move forward with inspections, maybe negotiate repairs and wait till escrow finishes.

WA-Laa, welcome to your new home.

Make that lemonade, and enjoy the market today.

Dee