Dear Friends, Clients & Fellow Realtors,
We are finally in the midst of a long awaited and needed recovery for the real estate market. This is good news for home owners and great news for our nation. The down side, however, is that the damage has been done and too many home owners will continue losing their homes over the upcoming years.
Interest Rates have defied all financial rules as they continue at historic lows despite all of the multiple offers and extensive numbers of buyers looking to purchase a home.
This is one of those rare times in real estate when there are major advantages for both sellers and buyers. There are about ten buyer for each and every home that reaches the market. Home Owners are assured of selling quickly at a much higher price than just nine months ago. Selling a home and finding a new home makes sense. Avoiding a Foreclosure is now more feasible than ever as banks cooperate with the Short Sale process.
It is not easy to buy a home at this time. Multiple offers now favor the highly qualified and highest motivated looking to make a purchase. All cash offers are back and conventional loans are preferred over FHA financing. It is a competition and not for the meek at heart.
I am here and bring you an enormous advantage whether you would like to sell or buy a home. You can reach me throughout the day by cell, text and email. Your loyalty will not be taken for granted!
Your Friend & Realtor,
Tony Lewis * RE/MAX of Valencia