Hula and The Real Estate Market Today

If priced low, REO's are gone in a heartbeat with multiple offers beating down the door. However when an REO is priced the same as Market Value used to compare normal Home Sales, it is slow and long.

I currently have an REO (brokers listing) that is priced at Market Value, so I think it's going to sit for awhile. Not good for Bank or Property, too bad the Bank didn't recognize that the BPO (broker price opinion) was actually a great price. Instead they decided on there own price, so it looks like I'll sit at the Open Houses for a few weeks until the Bank gets the hint that price needs to be lowered, to get it sold.

Doing my job and still loving it.

Dee