Podcast: "When Will The Bank Owned, Distressed REO Inventory Return"

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 8 July 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:21.2	Real Estate Coaching Radio is the nation's number one daily radio show for realtors
0:25.9	who demand authentic real-time coaching.
0:29.1	Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working
0:34.0	to get you into action, helping others others and making money now in today's real
0:38.6	estate market now to our hosts tim and julie harris three two one and we are back welcome to
0:48.5	july the eighth oh julia i have to ask if you turned all your alarms off? I think so.
0:54.7	We'll find out.
0:56.5	Julie has gotten to the point in her life where she sets alarms for everything.
1:00.0	She sets alarms to remind her to set her alarms, I think.
1:02.6	Basically.
1:03.3	Yeah.
1:03.8	Well, so we have a lot of interesting things to talk with you guys about today.
1:08.6	And what we're going to start focusing on for the next few days
1:11.4	as we're going to start talking about something that some of you have never had any exposure
1:14.9	to, distressed real estate. And we're going to be talking about the different classifications
1:18.8	of distressed real estate. We're going to start talking to you more about how you can
1:23.6	start, frankly, listing distressed real estate. And just to summarize, the distressed real estate that we're going to be focusing on, don't get caught on the word distressed.
1:32.3	Distressed implies that it's some sort of dump, you know, and the house is about to fall over.
1:36.3	In rare cases, that's going to be, you know, something that we'll talk about, but not really.
1:41.3	What we're going to focus on is how to list and sell financially distressed
1:46.2	real estate. And now, just so you know, back in the day, back in 07.8.09, we had the number
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