Hows The Real Estate Market?

Not a day goes by, when someone comes up to us and asks, "Hows The Real Estate Market?"

 

 

And the answer we give is "It Depends."

 

 

If you're a Seller, with a home in a good location and you price your house to its current market value, it will sell. When a seller "pushes" the market with pricing, it isn't responding like in 2005 when you would get multiple offers on the home. In addition, with "Foreclosures" and "Short Sales" in the market, there has been a downward pressure on home prices.

 

 

If you're a Buyer, there has never been a time where interest rates are at all time lows and your bargaining power for purchasing is high. We have successfully negotiated many regular sales, foreclosures and short sales for our clients to find them the perfect home.

 

 

The future of the Real Estate market could have some bumps in the road. The Banks are still trying to figure out what to do with their foreclosure inventory and there are more short sales in the pipeline than ever before. We believe the Banks will start slowly releasing some of this foreclosure inventory in 2012.

 

 

If you have any Real Estate questions at all and/or how a foreclosure or short sale works, we would be more than happy to assist you. As always, we value our clients & appreciate your referrals of family & friends!