Are we mired in the midst of a double dip?

By
Real Estate Agent with Summit Real Estate Group BRE# 01215778

Newsletter sent to clients & friends Sept. 15, 2011

The economy and real estate market are mired in an apparent “double dip”!  However the underlying statistics continue to indicate that there will be a break through at a point in time that may not be so far off.  Many people, including myself, have called for any stimulus package be geared toward saving homes and raising home values.  Realistically we have the best stimulus in place right now.  Home prices being so low and interest rates nearing 4% should be all buyers need to get out and begin buying homes.

There are many factors that should be understood.  Lenders are lending money consistently to qualified buyer.  There is no shortage of lenders or money so getting financing is easy for the credit worthy.

Bank Owned Homes also called REO or Foreclosures are available in many communities.  These homes need to be sold quickly.  They will usually sell within 30 days of being listed or have a price reduction.  Having these homes sit unsold is not an option.

Short Sales are now more practical than any time since the market crashed in October of 2005.  There is a lot of pressure on Lenders, Banks and Investors to either modify the loan or work with getting the homes sold via Short Sale.  The goal is to prevent as many foreclosures as possible.

Standard Sales are selling faster than at any time in several years.  These traditional sellers are now listing at or near market value.  They realize that the market value has been reduced by foreclosures and short sales.

Whether you are Buying, Selling, Trying to Save your home or have questions about the real estate market "call Tony First!

Please continue to refer family, friends and coworkers with confidence.  

My wife and I have lived in the Valencia since 1980 & bring 32 years of local knowledge as well as commitment to our client’s success!

Check out these valuable links:

Find your new home in Valencia, Stevenson Ranch, Santa Clarita, San Fernando & Simi Valley!

All Bank Owned/Foreclosures in Valencia, Stevenson Ranch & area of the Santa Clarita Valley!

List your home with Tony or Avoid a Foreclosure and sell via Short Sale!

Tips of the Week, Events, Festivals & Things to do in Santa Clarita, Los Angeles & So. California

Your Friend & Realtor,

Tony Lewis * RE/MAX of Valencia www.TonyLewis.com tonyglewis@yahoo.com 661-7024720

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