Jeff's Real Estate BLOG

July 7th, 2009 11:31 AM

Hi Everyone!

The recovery in the real estate market IS happening!  We are back to MULTIPLE OFFERS on well priced homes that are NOT short sales...A standard "arms length" transaction is simply the best thing right now.  Buyers want to take advantage of the low rates, they want to move in quickly and we still have a HUGE inventory of available properties!  If you're not upsidedown...NOW is the time to make that change!

REO's (foreclosures) are next in line but they're difficult as well.  They often do NOT qualify for FHA financing (mostly due to condition or the lack of appliances) and so they're really for the investor or cash buyer.  That said, desirable REO's will have multiple offers too!  The list price is more a starting price in the REO segment so be careful.

Don't be fooled...This is the time and what better place?  Look over my website and call me to schedule an in person consultation.


Posted by Jeffrey Chenore on July 7th, 2009 11:31 AMPost a Comment (0)

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