With the multitude of Buyers that we are blessed to have in this Current market, it is a wonder that the Stress Levels are not much higher.
I suppose that goes hand in hand with our approach with the relaying of information. Specifics with the Real Estate Market, showing on a constant basis - Where the inventory is and was. Projecting estimates of the Future inventory and what the banks are saying as far as the Releasing of Foreclosure Assets.
This Real Estate thing - is our carreer. I mandate our entire team to keep themselves informed of inventory and to explain to our Buyers that this Market will not stay the same - it has not in the past and will not be the same in the future.
This is the impending "calm before the storm". There are too many homes that have been playing a waiting game by the hands of the powers that be.
Adjustible Rate Mortgages, Sub prime loans, Negative amortization models and failed loan modifications - all distressed properties and not without their share of pain - but pending Foreclosures as well.
If you just look at Current Short Sale inventory - we are approaching 85% of the Current listings on the market for sale being in Short Sale configuration. Although, some of the banks are starting to put streamlined processes in place for the Short Sales to be approved. We are going to have a projected 42% Rejection of the short sale process by the loan holder.
Be Strong and make sure you get the best information related to your Real Estate Buying Needs.
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