My New Blog

Real Estate Agents are seeing more activity by buyers, with buyers recognizing the great buys that are currently on the market.  There is still a glut of homes on the market, with several homes in the "must sell" category.

Contracts for the first quarter of 2007 are up over the same period last year. But again, there are plenty of homes to chose from.  There has also been an increase of homes ending up in foreclosure.  Two years ago you could hardly find a foreclosure home, but today there are several to chose from.  Banks are finding the no interest loans and short term arm loans are causing everyone grief.  So buyers have to come to the table with something down and good credit.  Still special deals for first time home buyers.

Sellers have to recognize that they must price their home competitively, and expect it to be on the market for 100 +/- days.  Make sure when you list your home, that your real estate agent has a marketing plan that is aggressive and the agent is willing to work to get buyers to the home.  The days of agents listing and then setting back and waiting for a contract is over.  Also, when you list, don't look for a "bargain" agent, or someone to cut commission.  They are going to need all the commission they can get to do an excellent job marketing your home.  Doing quality costs money.

Wishing all a Blessed Summer, with many sunny days!