Fall 2011

The real estate market September 2011.

Many short sales, and bargains are available now. Foreclosures are on the upswing, the banks are going to move forward with more foreclosures again, we had a little breather from the heavy load of foreclosures while the banks went through some issues, legal problems with the way they were handling their foreclosures. But those problems have been and are being dealt with. Now the banks are going to go forward with them again and I believe in a bigger way, and this will keep home prices in most areas from rising, actually prices may be going down another 1% to 5% +- in some areas in the next year. Once we get through this next cycle, and once we get this country working again, by that I mean unemployment goes from 10%+-(really 15%) back down to 5%+-, then we can get real estate back on track again with some gradual appreciation. In the mean time investors are buying up the "bargains" and some 1st time buyers are finding out it's cheaper to buy, than to rent. Believe me, there are a number of homes selling, with Interest rates at 4%+- (interest rates lower than I have ever seen before) now may be a good time to buy.

If you are a seller, you may not like the idea of selling in todays market, but you should remember, many of you will be a buyer once you sell, and you will also be bargain hunting and getting a great price on your next home and it will make the transition a little easier to handle, actually a lot easier to handle. And many others of you are considering "short sales", you may be upside down in your home, maybe in a financial bind, and in need of some good advice and some answers to your real estate questions and concerns.

Of course if you are a buyer, you should know that interest rates have never been lower, and of course home prices are 50%+- of what they were just a few short years ago, and the bargains are out there! You just might want to check it out.



Bottom line: Short Sales, foreclosures/REO's (bank owned homes) are going to be here for a little longer, and no one can tell you when this real estate market will change again. But one thing is certain, IT WILL CHANGE AGAIN.

A little advertisement:

I am working with buyers and sellers every day. The company I work for has one of the best "short sale" depts in the industry. We have a full time staff that handles our clients transactions and negotiates short sales with the lenders. We have experience and leadership, the owner/broker of the company gives Short Sale Seminars regularly, (for time and locations just give me a call), we also give our clients (sellers) at no charge, the opportunity to discuss their short sale lender's 'approval' with an attorney, before accepting the banks conditions/approval of the sale of their home. We go the extra step, because we know how important it is to you!

Please contact me with any questions or to discuss your real estate needs.

The statements I made are my opinion (and you know what they say about opinions, everyone has one).