Sales Trends
Short Sales and
Foreclosure speculated to end late 2009
More About 2009 Sales Trends
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The market and the public have gone through some tough times the
last few years. That wonderful high turned into a dooms day
machine. What a mess. Although on the horizon, we start
to see indications that the market is starting to recover. The
federal government lends a hand be offering first time home buyers a
cash incentive. Until now, investors and buyers with money
have had some great opportunities to buy some incredible deals and
make some sound investments. Now thanks to the "tax credit"
others have an opportunity to get into good deal home.
A good source for shopping deals could be builder’s inventory or
with your Realtor looking at short sales, foreclosure,
pre-foreclosure, corporate owned, bank owned houses, builder homes.
Builders have
a built in cost for the purpose of paying the Realtor’s commission and they
definitely do
not discount your price if you are not represented so please make
sure you bring a Realtor. Short
Sales is an art. Please make sure your Realtor has gone
through some kind of training before shopping. It is a game
best played armed.
Currently home prices are
varied for the same product. Again, the best advice is to
work with a professional. If you are looking to purchase a home in
an established neighborhood, an experienced Realtor will have
knowledge of the current market price. If you are driving through
the neighborhoods and checking out any open house, keep in mind that
the Realtor present will be representing the seller(s) and may not
have your best interest in a potential transaction.
The best advice I can give you right now is to get pre-qualified and
get out there and buy. The mortgage industry is talking about
raising the minimum credit score again. The banks have been so
burned that they want to limit any future losses.
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