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(English) A Window of Opportunity for House Sellers

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18 comentarios
  1. Jeff
    Jeff Dice:

    This maybe true but what I have found it all depends on your area you live in. Some areas are harder hit with foreclosures than others. To make a blanket statement like this is just like the media saying the same thing. I can show you that in our area, there are areas where prices have actually increased from 2009 to 2010 ever so slightly. I do agree will we see more increases in prices in the short term no – I feel in our area most areas will bounce along the bottom.

    Responder
  2. Stephen Foster
    Stephen Foster Dice:

    Sales in the Birmingham Market have flattened out. Buyers see no sense of urgency to buy, and are going on vacation and in general just missing the boat. Telling them about the QRM is pointless. They don’t see it happening for years if it happens at all
    As for Sellers, I have my own home on the market to downsize over 1 Million which for here is the high end. I am under no pressure to sell and like some of clients and neighbors, if the house sells fine if not fine too. In my case, I remodeled in 2010 and it’ is like new..I just wanted to downsize, and if I did sell pay cash and move on..but 1) the quality of the homes I am looking at do not inspire me to drop my price 2) nor are those sellers dropping their prices. 3) In doing some number crunching I am seeing on the low end sellers getting 82% of the original list price but the average is between 82-86% of the original LP. Even after 400 days + on the market. That is just not in my area but spot checked every where. 4) The AG in this state is going after the banks which according to agents that DO REO has slowed or clogged up the pipeline. This is a state that you must go to court to foreclose and has the right of redemption.
    5) Quality home either REO or other wise are poorly lacking and homes say that are in the mid range that show well are in some cases getting multi offers.
    In closing you might be right, but Time Mag said it could take 10 yrs to clear up this housing mess. The banks want to move on because they are gearing up to go back to business as usual..or at least they think they are going back to the way they did business.
    FYI people are looking but cannot move on until their home sells either moving up or down..

    Responder
  3. Stephen Foster
    Stephen Foster Dice:

    Sales in the Birmingham Market have flattened out. Buyers see no sense of urgency to buy, and are going on vacation and in general just missing the boat. Telling them about the QRM is pointless. They don’t see it happening for years if it happens at all
    As for Sellers, I have my own home on the market to downsize over 1 Million which for here is the high end. I am under no pressure to sell and like some of clients and neighbors, if the house sells fine if not fine too. In my case, I remodeled in 2010 and it’ is like new..I just wanted to downsize, and if I did sell pay cash and move on..but 1) the quality of the homes I am looking at do not inspire me to drop my price 2) nor are those sellers dropping their prices. 3) In doing some number crunching I am seeing on the low end sellers getting 82% of the original list price but the average is between 82-86% of the original LP. Even after 400 days + on the market. That is just not in my area but spot checked every where. 4) The AG in this state is going after the banks which according to agents that DO REO has slowed or clogged up the pipeline. This is a state that you must go to court to foreclose and has the right of redemption.
    5) Quality home either REO or other wise are poorly lacking and homes say that are in the mid range that show well are in some cases getting multi offers.
    In closing you might be right, but Time Mag said it could take 10 yrs to clear up this housing mess. The banks want to move on because they are gearing up to go back to business as usual..or at least they think they are going back to the way they did business.

    Responder

Trackbacks y pingbacks

  1. […] there were fewer discounted properties available for sale. Most now believe that the banks are within 60-90 days of releasing this inventory and that prices will again begin to […]

  2. […] first is from KCM Blog which is one of my favorites.  The title of the article is: A Window of Opportunity for House Sellers.  It’s worth a read.  It mirrors my belief that home prices will continue to come under […]

  3. […] there were fewer discounted properties available for sale. Most now believe that the banks are within 60-90 days of releasing this inventory and that prices will again begin to […]

  4. […] there were fewer discounted properties available for sale. Most now believe that the banks are within 60-90 days of releasing this inventory and that prices will again begin to […]

  5. […] there were fewer discounted properties available for sale. Most now believe that the banks are within 60-90 days of releasing this inventory and that prices will again begin to […]

  6. […] there were fewer discounted properties available for sale. Most now believe that the banks are within 60-90 days of releasing this inventory and that prices will again begin to soften.Main Stream Media Begins to Announce “Now Is the Time […]

  7. […] have a current window of opportunity of 90-120 days to take advantage of selling their homes for maximum price. Waiting until later […]

  8. A Window of Opportunity for House Sellers | Richard Barrow Utah Mortgage Professional dice:

    […]  Print […]

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