market: Real Estate Market Timing
- 07/25/08 10:50 AM
Real Estate has proven to be one of the safest and most profitable types of investments available of the past 50 years. Records statistically show long periods of steady growth With brief re-adjustment periods throughout. On the other hand, timing the market for quick profits can be a difficult strategy. It becomes hard to predict when the next high or low will come, as long as various other factors that affect property values. Homeowners who hesitate to sell their home during a readjustment period (such as the case in today's market) because they feel the lower price is "Too" low are … (0 comments)
market: Sellers - Avoid Disappointment
- 02/06/08 12:38 PM
Often times a home seller is disappointed by the first offer they receive. For example, when your agent calls to say that she has an offer on your home, your adrenaline might start flowing profusely. You get really excited, but your happy bubble bursts when you are presented with the contract. It's just not enough! The buyers asked for your new washing machine, and they also want to postpone the closing for three months. You don't see how it can work! Before rejecting any offer on your property, you should consider making a counter offer. Rarely does an offer look the way it would … (0 comments)
market: NAR Commends Fed Interest Rate Cut
- 01/26/08 03:23 PM
Jan. 24, 2008-The following is a statement by Lawrence Yun, chief economist of the National Association of Realtors®, on this week's action by the Federal Reserve Board: "Today's 75-basis-point cut in the Fed funds rate to 3.50 percent is a very good step in the right direction to boost the economy and send a clear message to both the market and to consumers. This strong rate cut will help lower mortgage interest rates and lessen the burden of adjustable-rate loans that are resetting in the current environment. It also could help stimulate business investment in the wake of market uncertainties. We … (1 comments)
market: Vacation Properties in the Shenandoah Valley
- 01/04/08 04:44 PM
Vacation home sales are enjoying a moderate growth. Average buyers age is 44 and one third of those buyers are making plans to eventually make their vacation home their full time residence. Here are some great reasons to consider buying a vacation home in the Shenandoah Valley. 1) It is a buyers market at present. Pricing is attractive and are many times negotiable. 2) The Shenandoah Valley cost of living is relatively less expensive than metro areas to the northeast yet are close enough for commuting. 3) Sooner is always better than later. The price for the same property will without a doubt be more expensive 10 years … (0 comments)
Enjoy!!!!!!!!!!!! Twas the week before Christmas and all thru the "hood" Home sales prices were dropping, but the rates remained good! All Realtors were crying All Closers were sad All Office Staff TRYING! But the Brokers were still mad! The Media was being, all doom and gloom Set by large expectations, from the previous boom But don't listen to them, for soon it will zoom A good market for all, is soon to resume
Let's all set goals for a bright year to come Get rid of the frowns, get … (3 comments)
market: Buy Now - Buyers Market in the Shenandoah County
- 12/21/07 01:11 PM
Now is a great time to buy but that doesn't mean Sellers are giving away their property, they are just becoming more real on the price in order to meet the demands of a buyer's market. Sellers are keenly aware that the supply has overturned the demand and we are seeing everything from closing costs for the buyer to gift certificates to Tiffany's. Sellers ask us what the best strategy is to sell. We tell them the truth - to price the property where it should be and forget the frilly things- Buyers are looking at the bottom line and likely in the lower … (0 comments)
market: Yeah!!! The Bottom is Here!
- 10/23/07 02:22 PM
Has the bottom of the Real Estate downturn reached its end? I tend to think it is here or at least near. I am seeing increased activity. Lets get some blog activity to show the public about the positives of the current market conditions. As with any investment vehicle, you want to buy at or near the bottom for the inevitable upturn. If not, you are in a race trying to buy at the bottom when everyone else realizes the same..that the bottom is here. And as that happens, prices start a rebound and the deals are gone forever. Lets start … (10 comments)
market: The Market is normal
- 10/18/07 06:50 AM
Fellow Realtors - Let's put a twist on all of the negative twist the media is playing on the current market over the past 12-18 months. The market is in fact stabalizing and returning to more normal levels versus the unprecedented gains that were made in the previous market conditions. LETS ALL PASS THE WORD THAT THE MARKET IS NOW NORMAL!! Maybe we can get the medi to start publicizing this fact and stop scaring potential buyers.
Real Estate has proven to be one of the safest and most profitable types of investments available of the past 50 years. Records statistically show long periods of steady growth With brief re-adjustment periods throughout.
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