www.valariejacobs.com "24% of Homes Sales in MD and DC were from REO's and Forecloures" - Valarie Jacobs

Buy or Sell a Home in DC, MD and VA for 25% to 35% discount today!

New data released by RealtyTrac Thursday shows that foreclosure and REO homes accounted for 24 percent of all residential sales during the second quarter.

This can be good news for the distressed seller or the home purchaser.  Sellers can still have hope that their property will sell even though they may have negative equity via a short sale and buyer can find properties at deep discounts.


A total of 248,534 properties in default, scheduled for auction, or repossessed by the bank sold to third parties during the April to June timeframe. RealtyTrac says on average, these homes went for a discount of 26 percent.

The second-quarter share of foreclosure sales is up nearly 5 percent from the previous quarter, but still down 20 percent compared to the second quarter of 2009.

“While foreclosure sales increased in the second quarter, non-foreclosure sales increased even more, spurred on by the homebuyer tax credit that expired during the quarter,” said James J. Saccacio, RealtyTrac’s CEO.

Acording to Saccacio, “That had the net effect of lowering foreclosure sales as a percentage of total sales during the quarter, but that may be a temporary dip as the removal of the tax credit could drive more buyers back to discounted short sales and REOs.”

Based on RealtyTrac’s market data, a total of 151,290 REO properties were sold in the second quarter, accounting for nearly 15 percent of all home sales. REOs sold for an average discount of nearly 35 percent, the tracking firm reports.

Pre-foreclosure property sales, which are often short sales, totaled 97,244 during the three-month period. They made up 9 percent of all sales transactions and had an average discount of nearly 13 percent.

If you have considered buying or selling a home in MD or DC, now is the perfect time.  Call me today.

Valarie Jacobs
EXiT Dynamic Realty
valarie@valariejacobs.com
http://www.valariejacobs.com/
202-528-4761 direct

Top Real Estate Agent in DC, MD and VA
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Female Real Estate Alliance - Membership Expodes!

FEMALE REAL ESTATE ALLIANCE

"Women working together to support their real estate growth and career!"

FREA is a corporation registered in the state of Maryland. Our organization’s purpose and mission is to promote practical knowledge of real estate investment through education, discussion and the networking of our members.

Our organization is open to the professional women who work in the real estate field. Whether you are just starting out in the real estate industry, or are working on your hundredth deal or with you hundredth client, FREA can help you learn more, make more, and have more fun doing it.

You have found the right place to learn how to make money in the Real Estate industry.

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It's Easy To Do and Joining Can Really Jump Start Your Real Estate Career! " Did we mention that membership is FREE!"

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The Female Real Estate Alliance (FREA) is comprised of a unique mix of some of the brightest, most visionary female real estate entrepreneurs and professionals in the industry.

The formation of FREA was driven by our desire to address the interests and needs of all women in the real estate industry.   Let's face it! Women in real estate have challenges that men simply don't have.

Whether you are a real estate agent, real estate investor, broker, loan officer, etc. if you are in this field you need to network with other successful females in the industry.  There are times when things need to be handled a little differently.

Not only do the women share, advise and support one another, but the ultimate goal is to come together on joint ventures, send referrals to one another, partner on real estate transactions. We build and support our businesses from the bottom up.

This group truly is not for everyone. If you are simply in the real estate industry to get a check this group is not for you; however, if you have a drive to push and take your career to the next level please join.

Today, the FREA membership encompasses all types and sizes of real estate professionals, including individuals involved in development, brokerage, lending, accounting, law, real estate taxation, appraisal, construction, consulting, environmental, title insurance, mortgage banking, property and asset management, and public relations.

This diverse membership base provides members with access to both a breath and depth of knowledge and experience, unique to real estate organizations.

Our Mission:
1. To be the premier networking organization for female real estate professionals.
2. To provide a forum for the exchange of the most relevant and timely investment ideas and knowledge.
3. To foster the creation of a network of referral for all members. You CAN succeed in the real estate industry.

The market doesn't determine the success of the female real estate professional...it's knowing where to get answers and techniques...come and meet the successful real estate professionals from across the country. Please ad our name to your database. We love to share and help!

Thank you for your consideration and interest in the Female Real Estate Alliance.
Click Here to  Join FREA now

Valarie Jacobs
FREA President

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