We picked up a couple more deals, a 3/2 Coachella and a Cat City duplex.
One thing that we are seeing happening is that the banks did not counter our offers. That is definitely a new deveopment- wow, now is the time to get out there and hit the pavement…we’re now shooting 45 to 65 cents on the dollar, depending on condition and location, and hitting with more and more frequency.
The cool thing is that retail buyers are still actively buying- by the way, year-over-year sales volume in Riverside County is up almost 12% versus big drops of roughly 20% for LA and OC.
One more random observation, some banks are not taking cashier’s checks right now- only money orders…don’t know what that is about, but we’ll report back when we find out.
Kurtis and Cindy Squyres
http://www.FarBelowMarket.com
Tags: FarBelowMarket.com, Flipping, Foreclosure, Foreclosures, Kurtis and Cindy Squyres, Palm Springs, REOs, Wholesale Real Estate, Wholesaling Real Estate
