What's on YOur Mind?
March 26, 2007
With the constant barrage of news about sub prime collapse, housing market decline and loan qualification rule changes, what is on your mind? I would very much like to hear from readers as to what they might like to know about the current real estate market in our region. I will continue to update you about the data as it appears to me, but if you have a specific question, I would be happy to research an answer.
For today, I can say that our sales have picked up in the month of March. I am anxious to do a comparaison with March of 2006. I do believe that in this changing marketplace, better condition, better marketing and, above all, better price will generate a sale for the seller and a good value for the buyer.
Advice to sellers: Hire a professional and recognize that a professional knows what is the best
plan to get your property sold.
Advice to buyers: Don't think you can "steal" a property. Ask your professional for the
comparables and base your offer on them. A lowball offer generally gets a
higher counter or a rejection. An offer closer to the asking price may be
accepted and you are more apt to get a reasonable counter.
With the constant barrage of news about sub prime collapse, housing market decline and loan qualification rule changes, what is on your mind? I would very much like to hear from readers as to what they might like to know about the current real estate market in our region. I will continue to update you about the data as it appears to me, but if you have a specific question, I would be happy to research an answer.
For today, I can say that our sales have picked up in the month of March. I am anxious to do a comparaison with March of 2006. I do believe that in this changing marketplace, better condition, better marketing and, above all, better price will generate a sale for the seller and a good value for the buyer.
Advice to sellers: Hire a professional and recognize that a professional knows what is the best
plan to get your property sold.
Advice to buyers: Don't think you can "steal" a property. Ask your professional for the
comparables and base your offer on them. A lowball offer generally gets a
higher counter or a rejection. An offer closer to the asking price may be
accepted and you are more apt to get a reasonable counter.
posted by shirley harry at 9:52 AM
1 Comments:
I found today's blog interesting on a couple of points. I can't speak to the RE side, but I can from the Escrow side. I can tell you that my openings & closings are considerable down from last year. It also appears that the 80/20 loans, no impounds, are still out there as I am working on one right now. Maybe it depends on the lender, maybe the FICO scores, hard to say. The market has definitely changed
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