Okay my client sees a property listed at $257,900. We already lost on a property so we are not playing games. My client is putting 20% down, 700+fico score conventional financing. We offer $300,000. The property comes on the market late thursday and by monday morning there are 22 offers! My client does not get the property!
A nice home priced at $734,000. On the market a day, my client with 50% down offers $700,000 as is! 5 offers come in and my client DOESNT EVEN GET A COUNTER OFFER! Property sells above list.
What year is this 2006, 2005? No THIS IS ALL WITHIN THE LAST 30 DAYS! So you watch cnbc, cnn or your local news and they tell you the market is terrible. They tell you nothing is selling and property value is a downward spiral.
Well listen to a foot soldier out here in the trenches. Low inventory due to the obama administration requiring banks to ATTEMPT to help people stay in their homes have SLOWED to the market. That along with unbelieveable interest rates are fueling the market.
Now is the time to get in this market if you really want to take advantage of opportunity. To figure out the best moves for you contact us www.elginwalker.com or 661.290.3781
Your points are right on line!