A lot of factors like the price of oil and interest rates all came together for one perfect storm and BOOM.

-based Tranzon Integrated Property Group, said that the possibility that a wave of REO properties is about to enter the market creates uncertainty and puts downward pressure on prices."

I'm trying not to be discouraged...And I certainly don't want to jump just because it seems like a good deal...I think the part of my equation that I'm not factoring in is this:If I get the home at the rate I hope (60k) and I borrow 80k that will leave 20k in reserve.10k I will keep untouched for unexpected things.

Even though I get paid when people join my team, if someone is skeptical of me an does not see my integrity and authenticity, then I tell them to join someone else's team.

If you see someone who has mastered a certain positive character trait...like integrity or honesty.

Guess why... because these statistics never factor in the human element buying at wrong times and selling at wrong times.

This is true integrity.

Although, I specialize with hard money loans, I come from a technical background in programming before micros were born.There are many factors and many have their opinions on this topic as well those who only suggest and recommends only stuff they can profit from.Look at web development programs as a tool to build a house then there are other tools to maximize building a house in your toobox, same as web development.Primary tool though is your web publishing tool. this allows you to build a website.There were some good suggestions here, but each have their pros and cons.I went from frontpage to xsitepro myself.Why !

Another factor to consider might be your 'reputation' and how it could affect your future business.I have one broker who gives me a heads-up on every listing in my farm areas before they hit the MLS.

That along with figuring in a couple different factors normally gives me a fairly good general estimate of ARV.To be more accurate, you should pull 3-5 individual comparable houses (roughly the same square footage, bed/baths, amenities, etc.) that have sold in the last 3 months (sometimes 6 months depending on your market) and figure an average sold price per square foot and then multiply that by your house's square footage.Curt, on a side note, do you find a formal appraisal to be an accurate estimate of what it will realistically sell for?