Fall 2010 Real Estate Trends 
Fall promises to continue to show sporadic new listings of REO (Real Estate Owned or repos and foreclosures in laymans terms) and Short Sale properties. These homes continue to be priced well below their market values and many times receive multiple offers that can go above the asking prices. It's almost as if that's exactly what the banks are looking for and that's exactly what's happening. To snag one of these screaming deals you've got to be ready and speed is your main goal. Most times the first qualified offer in will get the property before the bidding war has time to start, so get ready. Getting prequalified for your mortgage is simple, just call June at (530) 877-3455 and she'll have a pre-qual letter in our hands in minutes. Speed is the next most important factor for all home buyers no matter whether you're looking for a repo or a well priced owner owned and loved ready to move into home, being the first to know about a new listing puts you at an advantage. Be the first to know about homes that meet your wants and needs, never miss out on that screaming deal again, join here Automatic Email Notification
Sellers, who want to do something different in their lives for whatever reason, you need and deserve an agent that's going to move your property onto all the newest technology websites designed for Real Estate marketing. Price your properties right and know that the buyers who are looking for the home in move in condition are out there. They move a little slower than the deal hunters but they are definitely out there. The first time home buyers are still a major factor, so continue to market to them through todays media.
All in all I think my going out on a limb this past spring and giving my opinion that the local real estate market hit bottom last fall seems to be holding true. Prices seem to be holding steady and we've seen no major changes this summer.
Current Real Estate Trends May 2010
Spring of 2010 is officially here, the Dogwood Trees are in bloom and the buyers are starting to look. Currently homes in the 150,000 to the 200,000 range are still the hot sellers, with the 250,000 range, coming up quickly. If you have had your house listed for sale in the last 2 years and it didn't sell, now is absolutely the time to get it back on the market. Buyers, get out there now! The well priced homes are selling in the first couple of days of being listed. The Automatic Email program, is priceless. Get pre-qualified now and get started, if you're waiting for the bottom, you may have already missed it. The problem with graphs and statistics are wonderful, but we don't really know when we've actually hit bottm, until about 6 months after it happens. Then it's too late and the pickings get smaller and smaller. Interest rates are at 50 year lows, so now is definitely the time to buy.
First time buyers, there is money available from the Town of Paradise Down Payment Asistance program, where get you could qualify for up to 40,000 towards your down payment. This loan has made the difference for many to own homes and live what is still the american dream of home ownership.
Retirees, even if retirement is a few years off, now may very well be the time for you to buy also. Again, interest rates at 50 year lows, prices at or near the bottom, a place to relax on vacation, may be just the ticket. Email me for ideas on possibly utilizing your retirement funds for a down payment, it is possible.
All in all, the mid to lower priced homes are still selling extremely quickly, with the 250,000 range getting active. Buyers, now is the time! It can't be stressed enough, that now is the very best time to buy, how long it will last, who knows, but we know it's good now. Call Lynn Franklin, licensed Real Estate Broker at Lynn@ParadiseRetirees.com or call (530) 520-6900.
