This place will wake up in about 2-4 years. Prices will demand a correction, and the corresponding flow of defaults. I doubt it will be anything like the last turndown.
Does anyone have any facts as to why is this occurring now? I have the same issue, used to get orders daily now lucky to get a few a week.
Is this the result of AVMs, policy changes, artificial intelligence, legislation or some other cause. Many agents with questions, but I don't find any concrete facts.
I am noticing a big slow down in general with REOS and also BPOs. I am really getting worried about REOS. No one seems to know why. Anyone have any input?
Nope. Jesse is not keeping it going. If we got the weekly email summaries, people would probably start to participate again. I've asked him to start them again.
yes he should. I would really like to know it going on. I am getting enough inspections and BPOs to survive but my REOS are in the toilet. Most of them way overpriced and I have not heard from some of my regular clients in months. I am considering doing more fair market and short sales, which I do anyway and I have my own brokerage so its not like I can't move on, however this has been my bread and butter for years and it is starting to become very costly for me. I am not selling these properties in a timely manner and I am wasting gas money and time inspecting them. I am also waiting much longer to get reimbursed for preservation and utilities.
Replies
This place will wake up in about 2-4 years. Prices will demand a correction, and the corresponding flow of defaults. I doubt it will be anything like the last turndown.
Is this the result of AVMs, policy changes, artificial intelligence, legislation or some other cause. Many agents with questions, but I don't find any concrete facts.
I am noticing a big slow down in general with REOS and also BPOs. I am really getting worried about REOS. No one seems to know why. Anyone have any input?
agentsonline.net is also a good place to go for info
yes he should. I would really like to know it going on. I am getting enough inspections and BPOs to survive but my REOS are in the toilet. Most of them way overpriced and I have not heard from some of my regular clients in months. I am considering doing more fair market and short sales, which I do anyway and I have my own brokerage so its not like I can't move on, however this has been my bread and butter for years and it is starting to become very costly for me. I am not selling these properties in a timely manner and I am wasting gas money and time inspecting them. I am also waiting much longer to get reimbursed for preservation and utilities.