How exciting that we get to have more auctions on the way when the December auctions did a great job stimilating interest in our real estate market, specifically REO (bank owned) listings.
My leads have switched from rental leads to buyer contacts overnight. Price corrections mean that renters, who have the income and credit to qualify using FHA or VA loans, can buy for at or almost the same price of renting. Investors can experience positive cash flow.
Back to the auctions.................
280 Properties
Homes Open for Inspection:
Auction #1: Saturday March 22, 2008 Cashman Center. Registration 8 am, auction begins promptly at 9:30 am.
Auction #2: Monday March 24, 2008 Plaza Hotel. Registration 5:30 pm, auction begins promptly at 7 pm.
If you need buyer representation or have questions, please call or contact me.
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Renee has over 20 years of negotiating, sales and marketing experience to bring to your Las Vegas, NV Real Estate transaction. Full time with probate & estate experience!
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Its a positive point that you are able to switch these renter leads into potential buyers. And yes! the opportunities are here. When an agent can show that a renter can purchase this lovely home instead of paying rent you are going the right direction...great post.
Love to hear what deals sold & what was unsold. Stats would be interesting. Hav efun at the auction.
Gotta love the auction for the excitement and interest they bring to homes that are not getting noticed.
Renee.... sounds like your neck of the woods has been doing very good in 2008... sounds like it's been great for you also. And hope the new company has been great also.
I've noticed several auctions lately here in this area. That's something we used to never see unless it was a estate sale. (trust)
Lloyd: Why thank you :)
June: Tomorrow is the first of three opens. My buyer's agent is setting all three opens so I will give an update!
Jason: EXACTLY!
Jeff: I love the opportunities my brokerage presents. My brokers have 11 listings and we have the opportunities for sitting the opens and talking to the potential buyers!
Danny: We had the largest auctions starting in August. This will put our already moving market on steroids
I hope these auctions put a dent into your excess inventory. Congratulations on being able to capture those buyers!
Diane: Thanks for stopping by. I don't know how much more of a dent we can withstand in our REO inventory :wink: