I have to tell you that it's been a great year for real estate in 2008. That's what I tell everyone that asks, and almost every single one of them are shocked to hear this, but it's true.
This next week I'll have the last two sales of the year and with these two sales, I'll creep just over the $5 million mark for 2008. I think that's pretty good considering all the bad press we've been hearing about the real estate market.
The news media just keeps blasting out their garbage to the point that the typical home owner today thinks they couldn't possibly get their home sold in this market. I'm here to tell you that's simply not true. OK, I'll admit that it's not easy and you may have to take slightly less for your current home than you'd like, but you'll more than make up for that on the next home you're buying, especially if you're buying a more expensive home.
I've had MANY examples of this in the past 12 months. Sellers that had to take $5,000 to $10,000 less for their home to get it sold, ended up buying their next home at a $15,000 to $25,000 discount. One of my clients that is closing on their new home January 2nd, 2009 purchased a bank repo at easily an $90,000 discount!
Honesty, it's a mystery to me why more people haven't figured this out. It's called a "buyers market" for a good reason. Let's get the word out and get more people back into the market in 2009!
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