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It's a New World of Real Estate
Opportunities to buy homes or condos at low prices have seldom been as numerous. There are many properties that have been foreclosed and are bank owned. There are more properties being sold as "short sales". Now all properties must compete with the foreclosures and short sales in price. This makes it a "good time to buy".
 There was a time when a real estate agent was in the business of helping folks find their dream home and guiding them through the buying process. On the other side of the coin they helped those who needed to sell their home to establish its best selling price and find a buyer for the home.
The world has changed. Today, I find myself helping buyers find their dream home priced below market value, so they aren't moving into a home already worth less than they paid for it a short time ago. It is a buyer's market.
Working with sellers can be challenging. When we recommend a selling price that will meet the seller's time schedule for moving, the price can be a shock. Home values are still dropping. Mortgage balances are high relative to selling prices. Far too many sellers are walking away from their closings with no equity money from their home. Some sellers have to work a “short sale” just to sell the home and stop foreclosure.
On the brighter side, time has proven that homes you own and maintain properly will, given enough time, be worth more than you paid for it. It's just that, at the moment, it takes longer.
If you have questions about the current market, please call. My name is Bob Seiders, and I will be happy to talk to you about anything real estate. You don't have to be a current buyer or seller. I answer my phone from 9 am until 10 pm every day. My telephone is (386) 334-8640.
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