Podcast: "When Will The Bank Owned, Distressed REO Inventory Return"
Podcast: "When Will The Bank Owned, Distressed REO Inventory Return"
On today's show Tim and Julie Harris share with you when there will be an increase in Bank Owned, Distressed real estate hitting the market. Many economists are expecting for the 3rd time in US history there will be a nationwide drop in home values in 2021. Some markets the drop in values will be marginal while others could see significant value loss. As a real estate professional what should you be doing now in preparation for the market shift? Listen now. ย Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher Learn more about your ad choices. Visit megaphone.fm/adchoices
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On today's show Tim and Julie Harris share with you when there will be an increase in Bank Owned, Distressed real estate hitting the market. Many economists are expecting for the 3rd time in US history there will be a nationwide drop in home values in 2021. Some markets the drop in values will be marginal while others could see significant value loss. As a real estate professional what should you be doing now in preparation for the market shift? Listen now.
ย
Schedule A Free Coaching CallListe...
On today's show Tim and Julie Harris share with you when there will be an increase in Bank Owned, Distressed real estate hitting the market. Many economists are expecting for the 3rd time in US history there will be a nationwide drop in home values in 2021. Some markets the drop in values will be marginal while others could see significant value loss. As a real estate professional what should you be doing now in preparation for the market shift? Listen now.
ย
Schedule A Free Coaching CallListe...
Distressed commercial properties represent a huge opportunity for entrepreneurs willing and able to invest in them. Distressed commercial properties offer the same attractive spreads as their single-family counterparts, only on a greater scale. That said, profits on a larger scale arenโt without a few caveats of their own. In order to take advantage of bank-owned commercial properties for sale, you will need to know how to navigate their waters. Only once you understand exactly what you are ge...
Distressed commercial properties represent a huge opportunity for entrepreneurs willing and able to invest in them. Distressed commercial properties offer the same attractive spreads as their single-family counterparts, only on a greater scale. That said, profits on a larger scale arenโt without a few caveats of their own. In order to take advantage of bank-owned commercial properties for sale, you will need to know how to navigate their waters. Only once you understand exactly what you are ge...
Update on distressed property...
-22 million jobs lost
-Peak of Forbearance requests was March of 2020 when 8% of mortgages were in forbearance.
-Averaging more coming OUT of Forbearance than going IN.
-87% of Forbearances are successful
-400,000 new ones expected to default plus 250,000 already in system = 650,000 total.ย During housing crash there were 2 million total.
Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.
Will there be ...
Update on distressed property...
-22 million jobs lost
-Peak of Forbearance requests was March of 2020 when 8% of mortgages were in forbearance.
-Averaging more coming OUT of Forbearance than going IN.
-87% of Forbearances are successful
-400,000 new ones expected to default plus 250,000 already in system = 650,000 total.ย During housing crash there were 2 million total.
Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.
Will there be ...
According to Zillow's Jeff Tucker, after months of record lows, inventory finally began to rise in March, and it looks likely that weโll finally notch year-over-year growth sometime in 2022 โ a milestone we havenโt seen since fall of 2019.ย
The post When will housing inventory recover? appeared first on HousingWire.
According to Zillow's Jeff Tucker, after months of record lows, inventory finally began to rise in March, and it looks likely that weโll finally notch year-over-year growth sometime in 2022 โ a milestone we havenโt seen since fall of 2019.ย
The post When will housing inventory recover? appeared first on HousingWire.
On todays hard hitting, fluff free podcast with Tim and Julie Harris they drill down on the 2 questions on everyones mind: When Will Things Feel 'Normal' Again, Return Of The Housing Boom Ahead? In the next few months there may be a return to a market that feels very much like a housing boom. The big question is what comes after this predicted mini-boom pops. What should every agent do now to be over prepared for the historic shifts for the housing markets that will start to be obvious in Q4 202...
On todays hard hitting, fluff free podcast with Tim and Julie Harris they drill down on the 2 questions on everyones mind: When Will Things Feel 'Normal' Again, Return Of The Housing Boom Ahead? In the next few months there may be a return to a market that feels very much like a housing boom. The big question is what comes after this predicted mini-boom pops. What should every agent do now to be over prepared for the historic shifts for the housing markets that will start to be obvious in Q4 202...
Key Takeaways Key Takeaways: What are REO properties? The REO Process How to buy REO properties Benefits of REO properties REO property FAQs REO properties, otherwise known as real estate-owned homes, have proven that they warrant the attention of todayโs investors and make meaningful contributions to the businesses of those that know what to do... View Article
The post Buying REO Properties: Tips, Pros, Cons & FAQs appeared first on FortuneBuilders.
Key Takeaways Key Takeaways: What are REO properties? The REO Process How to buy REO properties Benefits of REO properties REO property FAQs REO properties, otherwise known as real estate-owned homes, have proven that they warrant the attention of todayโs investors and make meaningful contributions to the businesses of those that know what to do... View Article
The post Buying REO Properties: Tips, Pros, Cons & FAQs appeared first on FortuneBuilders.
Itโs not uncommon for both new and experienced investors to ask the same question: What is REO investing? Youโve probably heard the term REO property but never quite understood the process of acquiring such a deal, let alone how much to offer on bank-owned property. What Are REO Properties? A bank-owned home is an REO, or real estate owned foreclosure. REO properties are those that have been reclaimed by their original lender: the bank. This means that a bank foreclosed a house, and the pro...
Itโs not uncommon for both new and experienced investors to ask the same question: What is REO investing? Youโve probably heard the term REO property but never quite understood the process of acquiring such a deal, let alone how much to offer on bank-owned property. What Are REO Properties? A bank-owned home is an REO, or real estate owned foreclosure. REO properties are those that have been reclaimed by their original lender: the bank. This means that a bank foreclosed a house, and the pro...
Hereโs Todayโs Listener Question: I did my first home staging consultation. It was on a vacant home. The home is a model home for new construction townhomes in a community which attracts many young professionals as well as those looking to downsize. I did not want to say no to a business opportunity, however, since I am just starting out, I do not have any inventory. If I am asked to help stage this home, how do you recommend I go about getting the furniture without going over my head in inv...
Hereโs Todayโs Listener Question: I did my first home staging consultation. It was on a vacant home. The home is a model home for new construction townhomes in a community which attracts many young professionals as well as those looking to downsize. I did not want to say no to a business opportunity, however, since I am just starting out, I do not have any inventory. If I am asked to help stage this home, how do you recommend I go about getting the furniture without going over my head in inv...
Join Tim and Julie Harris as they discuss the nature of the housing market as the states 'reopen' for business. Will there be a housing crash, will the housing boom surprise everyone and return like never before due to 'pent up demand'? Listen now as Tim and Julie discuss all possible outcomes. Also review and comment on the real estate news.....and...wait for it....ALIENS videos released by Govt are confirmed to be REAL (you can't make this stuff up)
ย
Schedule A Free Coaching CallListen on i...
Join Tim and Julie Harris as they discuss the nature of the housing market as the states 'reopen' for business. Will there be a housing crash, will the housing boom surprise everyone and return like never before due to 'pent up demand'? Listen now as Tim and Julie discuss all possible outcomes. Also review and comment on the real estate news.....and...wait for it....ALIENS videos released by Govt are confirmed to be REAL (you can't make this stuff up)
ย
Schedule A Free Coaching CallListen on i...
Join Tim and Julie Harris as they discuss what their top coaching clients are doing to adapt to this new market. Do you feel that you are caught between two worlds. The old world where you felt confident because you knew the 'rules' and this new world that is coming (and coming fast)? You aren't alone. Listen in now as Tim and Julie drill down in their direct, fluff free style getting to the heart of what matters most for your business in the new market.
Schedule A Free Coaching CallListen on iT...
Join Tim and Julie Harris as they discuss what their top coaching clients are doing to adapt to this new market. Do you feel that you are caught between two worlds. The old world where you felt confident because you knew the 'rules' and this new world that is coming (and coming fast)? You aren't alone. Listen in now as Tim and Julie drill down in their direct, fluff free style getting to the heart of what matters most for your business in the new market.
Schedule A Free Coaching CallListen on iT...