Saturday, June 20, 2009
Tuesday, June 16, 2009
Sunday, June 14, 2009
Busy, Busy with Real Estate
I know that I haven't posted too much lately. I have been really busy. I have had several new listings and working to try to close several deals. Just to share a few things that I have run into in the past few weeks. I had a buyer purchasing a foreclosed property. We got our appraisal and it came in $5000 low. I was shocked because foreclosures are at the bottom of the market. The market that we are in right now is crazy. The values have dropped so much in the past 4 years-- about 20-25%. We were able to compromise on a new sales price with my buyer paying a little bit above the appraised price. He cannot finance the price above the appraised value, but he is still getting a steal on this particular property. He was bringing a significant of cash to the table anyway, so it didn't make a difference. Now to see if we can get the repairs done and finalize his financing. I will tell you that the lenders are being very careful in lending money these days. So if you are looking to purchase right now, be careful with your credit. Pay your bills on time, do not have any deliquent accounts. Also do not let any of your accounts be overdrawn or have any negative balances. You will need to account for your every time of income and deposits. So be sure to keep receipts and pay stubs. We are having first time home buyer fairs this week in our office from 4-5:30PM -- I will be here Monday through Wednesday- -so feel free to stop by and see me and discuss purchasing a home. More later. . .
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