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I noticed the 30 day price change really varies from house to house even on the same st. why??

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April 29 - Reno

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Joshua Talayka, "Josh Talayka"
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Joshua Talayka, "Josh Talayka"

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This variance can be attributed to several possibilities. If the properties are REO (bank owned), you can see a wide range of activity as it relates to price. Some banks will try and get as close to market value as possible, while others are simply looking to liquidate as fast as possible. In this second situation, we typically see very aggressive price reductions.

We are also seeing short sale listings being priced far below market value. In many cases these amounts are not realistic as the lenders will only allow a home to sell for a certain percentage below market value.

Condition may also play a factor. Many homes in our market may look nice from the outside, but when you actually view the home, you'll find the interior destroyed. This is typically a result of people who stop taking care of the home after they are told they are going to loose the house.

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May 15

Linda Strasberg, "L Strasberg"
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Linda Strasberg, "L Strasberg"

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Were closing costs contributed by the seller on some of the transactions? Were some of them cash deals?

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April 30

Ricky Beach, "rickybeach"
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Ricky Beach, "rickybeach"

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I'm not sure I understand your questions Senni. What do you mean by 30 day price change? Are there certain streets and homes that you are talking about?

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April 29

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Question can i use flash (transactional) to purchase a property and then get a refi. doing a same day close

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Question I noticed the 30 day price change really varies from house to house even on the same st. why??

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I noticed the 30 day price change really varies from house to house even on the same st. why??

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Question can i use flash (transactional) to purchase a property and then get a refi. doing a same day close

Question I noticed the 30 day price change really varies from house to house even on the same st. why??

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I noticed the 30 day price change really varies from house to house even on the same st. why??

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Question can i use flash (transactional) to purchase a property and then get a refi. doing a same day close

Question I noticed the 30 day price change really varies from house to house even on the same st. why??

Related Articles about Investing

Guide What is Gross Rent Multiplier?

Guide A Primer on Tax-Lien Investing

Guide World Class Management Teams Oversee Condo Hotels

Guide Will a Condo Hotel Cash Flow?

Guide What Is a Second Home?

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