Lender New Changes How Has This Affected The RE Market In Your Area?

Real Estate Agent with Allison James Estates & Homes 01079287

The month before the TILA and RESPA lender changes. I was in constant motion with showings and buyer requests. Now Oct. 20, 2015 I get a text from an agent wanting to show one of my listings. She also asked so how has it been for your listings many requests for showings? then she added it has been slow for her. I admit prices are dropping, which usually happens before the Holidays only the die hard sellers stick it out for showings during Thanksgiving to Christmas. I tell my buyers this is a good time to purchase. But now I'm wondering how many of you are seeing a lot of action? 

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Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses


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Tere Rice

First Time Home Buyers, VA Buyers, Horse Ranches,
Home Values
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