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group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
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Each month AR runs numerous contests as a way for our members to engage in activities
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Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
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Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Homes in good neighborhoods, priced right and in decent condition are getting multiple offers. Why is that?
The number of homes being sold is definitely higher year over year, and from February to about June is the most activity each year on a seasonal basis, so that accounts for some of the competition among buyers right now. I saw the same thing last year at this time...properties with 10, 15, or 20 offers. The statistics will still show that home prices are decreasing. What is misleading is they are decreasing because the volume of sales are happening now in the lower price ranges. The homes above $600,000 or 700,000 are pretty stagnant because of high interest rates on jumbo loans.
Another factor is the way the banks are handling the short sales and foreclosures...they don't take the highest offer often. They either take the first offer or the cash offer. If they continue to take less than close to maximum market price then they can easily force prices to continue downward longer than they really should based on market fundamentals...supply and demand. Right now, the decent neighborhoods in Oceanside in the $250,000-400,000 price range have low inventory and a lot of buyers waiting so prices should go up.
So to be a successful buyer in this market you need to:
1. Be patient when you do make an offer 2. Be quick to make an offer 3. Take your best shot right from the start 4. Be prepared to make 6-10 offers.
It doesn't really seem like a buyers market when we have to adhere to those guidelines. Can someone tell the newspapers please!!??
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.