Check out our list of 20 things you may not know about the REAL ESTATE Market!
1. Banks are indeed approving more mortgages.
2. Banks though, are taking their time, checking the potential Buyers credit and financials not once but twice and then again before you close.
3. Real Estate is Local and any national news may not apply to all areas. The markets that experienced the greatest declines are now experiencing the biggest gains.
4. The overall Real Estate market IS improving.
5. Values of homes overall are increasing slightly.
6. The amount of time a home is on the market is decreasing sharply.
7. Homes in need of a lot of work are still declining in value in a lot of areas.
8. New Foreclosures are declining.
9. Foreclosure auctions are increasing as banks clear vacant homes from their books.
10. Short Sales are decreasing.
11. Some short sales are still being declined because they are being listed with in-experienced agents, priced too low or submitted incomplete.
12. The time to approve short sales properly has cut in half from only a couple of years ago for those done correctly.
13. Many areas are experiencing a shortage of rentals.
14. Some Buyers are not getting pre-qualified before looking for homes leading to a let down.
15. Some buyers do not take the time to hire a Buyer agent that will actually assist them in buying a home.
16. Many buyers are now taking the time to hire experienced Buyer agents who will assist them through each step of the buying process and are finding their dream homes.
19. Some agents are blaming the slow market for no sales.
20. Some agents are the busiest they have been by working harder and making things happen rather than waiting for things to happen.
As a consumer, whether Buying OR Selling a home, the BEST choice is choosing an Agent in your area that will take the time to guide you through each step of the Listing, Selling or Buying process.
We would love to have an opportunity to earn you business and make your home sale or purchase as easy as possible!
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