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Real Estate in Monmouth County Today!

By
Real Estate Sales Representative with Remax American Realty Assoc.

The past month, what I am seeing is a lot of houses going under contract but with a lot of bidding wars.  The ones that are smart and price their home to sell are experiencing these bidding wars.  The sellers are still not realistic about what their home is worth.  We are now in a normal market.  What we experienced the last couple years was a 35% increase per year, which is crazy.  And now that the market has stabilized, the sellers don't want to realize that they are overpriced.  They think if they hold out, their property will go back up to those numbers.  That is not going to happen for a long time.  So if you are thinking of selling, now is the time.  Even if you look at your return on investment at the present time, many times it is a 50% return per year since the first year they purchased the home.

As far as buyers are concerned, they are also unrealistic.  They think they can come in with very low offers and the sellers are going to be desperate and take it.   That's not happening either.  Probably the only one's who are desperate, are in foreclosure!

Earlene Myers
Fleming Island, FL
Your Client Connection
Welcome to AR Lisa.  I think you will find this neighborhood very friendly, infomative and fun!  Wishing  you much success.
Jul 30, 2007 08:09 AM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876

Hi Lisa, I see this is your first post on Active Rain.  Congratulations!!  I just wanted to welcome you to our Real Estate Industry Network! 

Welcome aboard, I hope you'll continue to blog, and invite others.  Wishing you all the success this industry has to offer.

Enjoy!!

Below are some useful sites and groups you may want to visit right away:

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You can join any groups you have an interest in, or would like to learn more about.  Maybe Target Marketing, Real Estate Technology, or you can search All Groups, there are hundreds to choose from.

I hope you'll find these to be useful tools in helping you get started here on Active Rain.  You will meet many wonderful people here!! Again, welcome to Active Rain, the best place for your Blog!

Good Luck to you and your business!
Jul 30, 2007 09:32 AM