We have been requesting for quite awhile that the system needed a new field that would help not only locate but also possibly help our appraisers when doing there job.

The new field is labeled Special Conditions and includes items like Short Sale,. Foreclosures, Distressed, Bank owned property, Court Approval Reqd. Auction and Other see remarks.

The last box is Not Applicable, From the start of the of this new addition I have found it to be a great tool and can now search these fields for a client looking for that type of property. I am finding that a large percentage of today's buyers are only interested in the best deals and are trying to low ball the low ball,  Of course a number of these buyers are misinformed by friends and others including agents in thinking they can come in and even when shown that the loan balance is say 239,000 and the property is listed at 199,000  they feel that 150,000 is what they should be able to purchase these Homes for.

Granted the Time on the Market is a big factor in the offer amount we should be suggesting but when is low now to low ? I am finding remarks coming like a friend says I should offer 25% less than the Bank is asking or I would never pay the asking price on this property.

As an Agent I have watched some of these properties go from 269,000 down to under 200,000 over the last few months and still these folks continue to feel the bottom is not here yet ?  The new surround sound program looks to be promising but of course as with all of our efforts we will need the help of the media and as we know if things do start to look better they will go find another topic to spin about.