I will share insights, market trends and thoughts on the current Real Estate market. My 20+ years of experience in this market place, my work with buyers and sellers and my work as a coach and trainer, makes me want to share with my clients in an immediate and hopefully interesting way. I hope to inform and create a forum for this marketplace. Thanks for stopping in.
Monday, August 2, 2010
The market is not as flat as you might expect...
I know the first time homebuyer credit was supposed to drive the market and indeed it stimulated many home sales, however, I have had five sales since the end of that incentative! What has made the difference? I believe that home sellers have become realistic about the price their home will generate, the interest rates remain historically low and the short sales and foreclosures have continued to be difficult to get to the closing table. What appears on the surface to be a "fantastic deal" for the buyer price-wise, takes too long to negotiate as a short sale or requires too many "hoops" to jump though as a foreclosure. The buyer realizes there is much available on the market that is easily negotiated, reasonably priced and in move in condition. The choice to purchase something that needs work when no home equity line of credit is available is not a bargain for the homeowner who is looking for a place to live and enjoy. My advice to sellers is, do what needs to be done, consider a home stager, call in a professional to price the property right and realize what you might not see in the sale price, you will enjoy on the purchase of your next home...
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