So, this is the beginning... We all start somewhere.

 Real estate in the Inland Valley is not looking too good if you read a paper or listen to the news. CNN reported that Riverside county is the worst for foreclosures in the country...

What does that mean for those of us who call this area home? How do we continue to by and sell homes here? What does a good realtor do to provide more options for his clients?

I will attempt to answer some of those questions in the near future, keep your eyes open.

Lets start with the market:
The market is slow at the moment, but we are still averaging less than 60 days on market, that is really not that bad when you compare to other times or nationwide.
So, what is the problem?
For one thing, thre are more properties on the market than before, a lot more, resale has 10 months of inventory and new construction has 16 months... It is a lot of homes, in an effort to sell, a lot of parties are dropping their prices.

What do we do? Obviously, if you don't have to sell, hold off. And even if you do, a good realtor will be able to talk to you about other options, such as a lease to own agreement, put monwy in your pockets while holding on to the property until it is easier to sell.

If you need to leave your home, the same thing applies, you can lease-to-own for the same money as rent, but you can set yourself up to purchase a property in time.

I will get back to foreclosures and how that is affecting the market in another post.

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