February 4, 2012, 2:36 pm
Sunny
Sunny
50°F
real feel: 61°F
More forecast...
 

Nextage Realty Professionals

Homeowners pricing perceptions are still too high

By Jerry Cecil, on February 11th, 2009

Prescott Home Pricing Problem

According to the Zillow Q4 Real Estate Market (2008) survey released yesterday by Zillow.com, some 70 percent of homeowners surveyed believe their home’s value will either increase or stay the same in the first six months of 2009, while only 30 percent expect a decrease in value.

Fifty-seven percent believe their home lost [...]

Posted by Jerry Cecil February 11, 2009, 7:27 am

How do banks price short sale properties?

By Jerry Cecil, on January 29th, 2009

As you might have read in the post, Why are REO properties priced all over the place?  banks price REO properites using varying methods and some banks do a better job than others. 

Well, short sale price setting is not much different.

In general, most short sale experts say to price the property at or near fair market value, although [...]

Posted by Jerry Cecil January 29, 2009, 2:11 pm

Why are REO homes priced all over the place?

By Jerry Cecil, on January 27th, 2009

FSBB – For Sale By Bank

Are banks and loan servicing companies able to accurately price distressed properties and REOs?

Some do a good job, but more often than not they rely on national indexes, rather than use local assets in the field such as qualified Certified Foreclosure Specialists who know their cities neighborhood by neighborhood.  And [...]

Posted by Jerry Cecil January 27, 2009, 7:32 am