Market Information

 

Short Sales, Foreclosures, and Retail Markets

There are 3 major influences at work in today’s real estate market. Whether you are a Buyer, Seller, or Investor; you should understand the impacts that each of these sub-markets have on the whole of today’s real estate markets.

 

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Short Sale may be your path to a SOLD sign

 

Short sales offer greater benefits for Buyers, Sellers, and Neighborhoods as compared to foreclosures.  A short sale occurs when the Seller is “upside down” or owes more on the mortgage than the property is worth.  A short sale is contingent upon the mortgage holder agreeing to accept a pay off of less than the current balance of the mortgage and usually releasing the Seller of further liability.

There are two added “costs” to pay to get the savings that most short sales offer.  There are added time to complete the transaction and uncertainty regarding the lender’s decision regarding the short sale approval and pricing.

 

 

 

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Foreclosures have far reaching impacts

 

Foreclosures have pros and cons for Buyers and Communities with price and speed of the transaction being the primary benefits. For Sellers, foreclosure is usually the least desirable outcome.

It is important to evaluate a neighborhood with respect to the number and frequency of distressed property sales and their impact on community valuations.  A qualified real estate professional should assist with this task.

With over 30 years experience in the appraisal, banking, and brokerage professions, I am well equipped to advise you in this process if you become interested in a foreclosure purchase or wish to avoid a foreclosure.

 

 

 

 

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With good market information, this can be you!

Normal or retail marketing is an active part of the real estate market and has continued unabated through this recession even though you will be hard pressed to find news of it in public media sources. The pleasant surprise for many Buyers, Sellers, and Investors is that competing in the market for well cared for real estate is aided and assisted immensely by access to accurate, current, and hyper-local market data. I have access to the latest and most detailed information available in my market area and offer it to my clients and customers.

The often quoted Case Shiller housing report is bogus information with regard to normally functioning neighborhoods and real estate markets.

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