Home : Blogs : Trevor Elliott : Salem Oregon Real Estate Update

It Can be Done! Houses still Sell!

Listings are the life blood of our business, but after increased market times and abnormally large inventory taking a listing is a chore. Getting it sold is a job. So, when contacted to list a property the usaual glee is now gloom.

So, how did a house sell in two weeks in this market? Price and Condition. So, we had some showings the first day and that weekend. We had good traffic at the Open House but no offers. Then out of nowhere an offer and pretty good to boot. It can be done. Salem Oregon Real Estate lives!

The media said it was risky and could not be done. There was no bailout and no special congressional hearing.

The buyer will be taking advantage of a tax credit I think.

Posted by Trevor Elliott on 03/05/2009 03:52 PM

Comments (5)

Media v's Reality in the ActiveRain Channel

media spin, bailout, home sale

This post has been included in Oregon Information Marion County, OR Information Salem, OR Information
Post is included in group: The "young" Real Estate Professional
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Moving to Oregon

5 Comments on It Can be Done! Houses still Sell!

MAR

Trevor...I believe there are some great deals out there...and a lot of junk....but the good deals are selling ... FAST! Yes, the buyers will or should take advantage of the tax credit. However, to get the FULL tax credit of $8,000, you'd have to buy a house at $800,000...remember it's 10% of the purchase price....if you buy a $300,000 home (which is over 50% of what is selling in South Florida), your tax credit would be $3,000.

Trevor - yes RE is alive and well. Check my blog today - my listing went in 9 hours! Very exciting couple of days. Right now our 1st time home buyers are the fast moving market! My listing is a move up but it started with a 1st Time Home Buyer and is leading to a 5 house deal! Hey I think this is a blog.

Have a great day!

Kathy Carson - RE/MAX 1st Olympic - Lynchburg, VA

Amanda $8,000 is 10% of $80,000.

Good news Trevor -- we are seeing homes that we've worked with sell as well -- the media is all gloom, but we still see some blue sky!

MAR

I love the math skills!? That's 1%, not 10%, that's been used to determine the credit amount in the first comment.

Trevor. I hang with your dad in our networking group. I'm new to AR and am still getting my feet wet. I'm glad you are sharing positive messages and stories. It seems like even when the media has something positive to share, they don't take a breath before spreading more fear and pessimism.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?