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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10 Traits Real Estate Investors Should Look for When Working With A Real Estate Agent

"Ten Real Estate Service Standards of Top Real Estate Agents in Maryland Were Polled for Core Real Estate Practices of Service"

Have you been looking for the BEST Real Estate Agent to help you close your investment deals? Well, from working with various real estate agents, I was having a hard time finding an agent that practiced all of the service practices that I found invaluable. I decided to re-activate my realtors license and service real estate investors with what they need most.

So whether you work directly with me or not. This is what you need to look or in an agent. The Best Real Estate Agents Educate their clients. When you work with your real estate agent, you should Learn Real Estate Sales Strategies for Maryland or your specific area. If you are an investor, you want your agent to have experience investor so that they understand your needs. Contact Me and Get Your House or Investment Sold Today! Read My Personal Service Standards Below:

Valarie Jacobs, Realtor®
Personal Service Standards


1) CLIENT-AGENT RELATIONSHIPS

At the beginning of my client relationship, I will explain my client-agent obligations, noting that my client is
my employer and pays my fee.


2) STRUCTURING THE OFFERING

I will advise my clients on the most advantageous way to offer their home for sale, reflecting varying terms
and conditions of sale.


3) MAXIMUM MARKET EXPOSURE

My client’s home shall be fully exposed to the largest number of potential buyers possible, using all available
resources.


4) PREPARING THE HOME

I will advise my clients on how to prepare their home to show it in the most positive manner and will make
recommendations as to how to address needed repairs or deficiencies.


5) APPOINTMENTS AND NEGOTIATIONS

I will ensure that all negotiations by interested parties and other agents are coordinated through me, the
listing broker.


6) INFORMED ON THE MARKET

I shall advise my clients weekly on buyer activity and interest, local market conditions and other factors that
may affect the sale of their property. I will provide an updated Market Value Analysis, if warranted by
increased or decreased market activity.


7) QUALIFIED LISTINGS

I recognize that only a “qualified listing” provides my clients with the basis for a successful sale defined as a
home listed with the following:

➥ Complete and accurate details
➥ Well-motivated clients

➥ Competitive price by a market analysis
➥ Competitive structure

➥ A Properly Staged Home
➥ A term sufficient to market the home


8) OVERPRICED HOMES

I will advise my clients that I cannot properly represent, nor professionally service listings that are
overpriced, as I must be able to substantiate and defend my client’s “BEST PRICE” to potential buyers.


9) THE MARKETING AND CLOSING PROCESS

I will explain to my clients every step in the marketing and closing process, including the amount of “earnest
money” that should be secured as a deposit and what contingencies may be considered unreasonable.


10) COMMUNICATION

I will establish consistent communication with my clients, either in person, on the telephone or via e-mail,
and will commit all understanding to writing. I will advise on prospective buyer reaction and the merits of all
offers.

Contact Valarie Today for a Free Home Analysis and Free Special Report!
Call 202-528-4761 now!

Valarie Jacobs, Realtor
Exit Dynamic Realty