Albuquerque MLS Blog 1 | #7 in a Series of 8 Articles – LANDSCAPING your Albuquerque home | | @August 30, 2010 11:57:53 AM | | Top | | |
Look at landscaping as the “Cherry on the Sundae” – you need potential buyers to want to stop and look at the house. Curb appeal is very important – I can’t stress this enough! If the landscaping is lacking the general overall impression is so is the rest of the house – not good. Remember, Xeriscaping does not mean rock and only rock. Here in the Southwest, water is a very important commodity and today’s savvy home buyers are keeping this in mind.
The backyard is just as important – it needs to be manicured and if possible, staged as an extra entertainment area. Even small patios can be used as an extension of the home almost year around in Albuquerque. Create an atmosphere that not only is inviting and welcoming to the buyer, but helps them envision the possibilities of entertaining in your home.
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For more great information about staging and presenting your Albuquerque home to your next buyer, please contact Karla - she's just a great asset to your Albuquerque home sale!
More contact information for Karla:
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 & Cell: 228-3489
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3 | Market Statistics for Albuquerque Real Estate - AREAS showing an increase in price | | @August 16, 2010 18:34:16 PM | | Top | | | Chart 1: Month over Month increases in Median Sale Price
Summary of Chart 1: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous year. With 42 Areas reporting 2 or more sales, 19 saw price increases and 23 Areas saw price reductions. Interesting to note is the fact that four of the areas had decreases in the number of home sales yet still had increases in the sale price.
Chart 2: QTR over QTR increases in Median Sale Price
Summary of Chart 2: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous quarter. With 44 Areas reporting 5 or more sales, 17 saw price increases and 27 saw price reductions.
Chart 3: Year over Year increases in Median Sale Price
Summary of Chart 3: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous Year-to-Date sales. With 46 areas reporting 5 or more sales, 17 saw price increases while 28 Areas saw price reductions (1 Area had no change in median sale price).
The sale price of homes is a widely publicized market statistic. When a real estate market sees increases in the overall sale price it may be an indication that the market is improving or that homes are regaining value they had during peak sale years. Since 2006 the Greater Albuquerque Market areas have seen the median monthly sale price of single-family homes rise to $205,000 (May 2008) and dip as low as $169,950 (February 2010). As of June 2010 our monthly market reports shows that single-family, detached homes have a median sale price of $181,000, the highest monthly median value since August 2009.
For all three charts presented in this article the data shows that at least 17 individual MLS areas are seeing increases in the median sale price when compared to the previous year. The areas showing the increases are not in a specific location and appear to be spread across different parts of the Greater Albuquerque Market Areas. All of the counties that are serviced by SWMLS (Valencia, Sandoval, Bernalillo and Torrance) included an Area that was in the 10 top list for increases in median sale price.
Source: Southwest MLS, Inc. Information deemed reliable not guaranteed.
For more information about Albuquerque Real Estate, contact the eTeam
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4 | #6 in a Series of 8 Articles - WHICH ROOMS TO UPDATE &/or REMODEL & WHY | | @August 10, 2010 10:10:50 AM | | Top | | | Here are some more great tips for Selling your Albuquerque Home - staging is so important that I have asked my friend Karla to give us these great tips - be sure and contact her for more information about how her services can help you sell your own home!
The “Biggest Bang” for your money continues to be updating &/or remodeling your Kitchen. This is not only a good investment, but also a powerful tool to help sell a home. Even in this market a homeowner should be able to recapture their investment. Bathroom remodels/updates are also important – especially the MBR Bathroom. Everyone wants a luxurious bathroom – make it an inspiring selling point with dual sinks, contemporary plbg. and light fixtures, new flooring, noteworthy countertops, etc.
Powder Rooms are a superb opportunity to make striking statements – think of them as little jewel boxes. This is where you can get very creative with unusual wall treatments, artwork, one of a kind sinks and so forth. A Powder Room should be intimate and inviting at the same time. The point is to make a lasting impact on the potential buyer!
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 & Cell: 228-3489
For great information about real estate in Albuquerque, staging your home or other helpful hints for sellers...just contact us today! |
5 | Albuquerque Real Estate FAQ's - "Why do you always ask if I already have a Realtor®?" | | @August 04, 2010 11:01:41 AM | | Top | | |
You are surfing the web, or driving by your favorite neighborhood and there you see it, a house you want to know about! It's so exciting to see the opportunities!
So, you pick up the phone or email the broker and ask about the property. You might even click on the link that says "request a showing".
When the Realtor® responds, one of the questions they are going to ask you is "Are you working with a broker?" Why do we ask this question? Can't we just show you the house?
Many times the home you have called on is not our personal listing. If you see it on the Internet, you might be seeing it via our IDX feed, which is a service we provide to show you all of the listings in MLS on the websites. If you call on a sign, it might not be the listing broker that is taking the call personally - it might be someone in the company who is on duty to take inquiries on properties. Only a licensed real estate professional can answer questions about a property, so offices will have licensed brokers on duty just for these types of inquiries.
If you call and speak directly to the listing broker, he/she might also ask you the same question - "are you working with a broker?"
Let me try and paint you a picture of why this question is asked.
The client/customer/broker relationship is a very important one. Once you have started the relationship (whether formal or informal) with a real estate professional, you have also told them personal and confidential things about yourself and your situation. You have shared what you are looking for, and probably also told them why you are buying or selling a property. They have confidential information about you and your unique situation that should not be shared with anyone else.
Also, that broker has started the process of setting up your file and creating a client profile in their system. The broker you have spoken to and started this process with is doing work behind the scenes already to find you a great property. This real estate professional has already 'gone to work' for you.
In last week's Blog I spoke to the process of setting up a showing for a home. It's really not just getting in the car, running over and opening the door. When you call so see a property, everyone in the process takes the event quite seriously. There are qualifying events that need to take place, including preparation of paperwork and research. A great real estate professional will prepare information about the property and gather neighborhood information for that meeting. If the property is occupied, the seller is preparing the home and their day for your arrival.
The other thing to remember with this relationship is our Realtor® Code of Ethics. In this code we are held to a standard, one of which is to not tread on another Realtor®'s client relationships. It is very unethical to 'steal' another Realtor's client. It would also be unethical to use information that is learned about another Realtor®'s client. We want to make sure that we are not speaking to another Realtor's client and creating a new relationship.
We will sometimes get calls from customers saying 'my Realtor® is out of town but I need to see this property right away'. We understand your enthusiasm, but if you are working with a great professional, that real estate professional will have plans in place to cover their business should they not be available. I think you can see why from the above information that this be an essential part of the real estate team you decide to work with.
Confidentiality, ethics, time value - these are all very important elements of the real estate process.
If you have a relationship with a Realtor®, value this relationship. We value you! |
6 | Green Car Dealer in New Mexico! | | @July 29, 2010 18:26:21 PM | | Top | | |
Want to find a Green home for your new Green car? |
7 | #5 in a Series of 8 Articles - ACCENT PAINT COLORS (Yes/No & Placement) | | @July 28, 2010 17:11:55 PM | | Top | | |
A most definite YES!! Adding a “Pop of Color” with an Accent wall painted sporadically through-out a home (using one or two accent colors) can not only have an impact, but can create architectural interest - in addition to effecting one's moods, emotions, blood pressure, etc. Even to the point of producing physical sensations such as joy, calmness, a feeling of luxury and romance - just to mention a few. With proper placement, an accent &/or contrasting color(s) within an interior space can enhance the atmosphere and make a space appear larger and more interesting to the visitor.
An interior with accent shades of color will captivate a possible buyer’s imagination to visualize themselves within the home - thus creating a feeling of “I’m home” or “this is it!”
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 & Cell: 228-3489
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8 | Albuquerque Real Estate FAQ's - Why do you always ask if I am prequalified? | | @July 26, 2010 11:40:46 AM | | Top | | | Today I'm starting our Albuquerque Real Estate FAQ's....a series of simple answers to often asked and seldom answered-in-plain-English questions about real estate.
"Why do you always ask if I'm prequalified?"
Let's see, you call on a property and ask to see a home that you find on the Internet, or drive by - and the broker will ask you "are you prequalified"? While it probably feels like an invasion of your privacy or too picky-uney - here's why you are being asked:
When we, as real estate professionals, list a property, very often one of the items that we go over with the seller is that we are making sure that the security of the property is on the top of our priority list...we make sure that the alarm codes are kept private, and that the home will be secured after a showing. During these discussions a seller will almost always ask "can you make sure that the buyers are prequalified, and not just lookie loos"? It takes quite a bit of effort for a seller to get ready for a home showing. A seller must rearrange their day, do double duty on the staging of their home and have to be gone from their property while the showing is taking place. The sellers want to make sure that the buyer looking at their home isn't just curious about the decorating, or doesn't really have the ability to buy the property if they fall in love with it.
"But I've looked on-line and the on-line form says I can afford it"
These on-line mortgage forms, they are so easy! You fill them out and all they are asking for is income, debts, and voila....it spits out a purchase price and interest rate....but that's only one layer of the prequalification process. Things such as business settlements, divorce settlements, tax filings, etc - can all affect how your mortgage process is really going to behave once you put it into play. We have seen very high income buyers not be able to get a mortgage because of student loans, divorce settlements, or a particular business structure that affects their loan ratios. We have also had first time buyers find out they can actually afford their dream home based on their financial condition. In today's mortgage climate, even more of these individual financial elements will come into play. Nothing is worse than falling in love with a property, only to find out that it's way beyond your loan ability, or to underestimate your buying ability only to find out your dream home is just around the corner.
Wait! The only thing worse than that is writing the offer, planning your closing and finding out that you can't qualify. That's worse!
"We don't want to start that part of the process, we just want to start looking"
See the two reasons above.
Please understand, we aren't trying to kill your enthusiasm, but the process of prequalification is so easy with a good, local, qualified mortgage professional that there is no reason not to have this part out of the way before you start actually looking at homes.
"I'll get prequalified when I find the right house"
There may not be time. We see this happen...all the time. You find the perfect house, you then start the prequalification process...by the time you get your letter in order to have a powerful offer - the home sells to someone else. Why? Sellers will usually require that a prequalification or full approval letter accompany an offer. Why? You have indicated you want their home, but you haven't proven you can actually pay for it. The next buyer has proven they can pay for it and so the seller will most likely take the offer that comes as a complete package. This home buying process is a business transaction, the better the package, the better the negotiations.
Next in our series - "Why do you always ask if I'm working with a Broker?"
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9 | #4 in a Series of 8 Articles - THE IMPORTANCE OF PAINTING THE INTERIOR | | @July 13, 2010 08:06:15 AM | | Top | | | Does a fresh coat of paint really make a difference when selling a home? Absolutely! It can hide a multitude of issues, as well as help make the home look and feel new. It is important that you use the correct type of paint - a flat finish thru-out the home and an enamel in the bathrooms &/or the kitchen only when a gas stove is present.
The current trend is to paint the ceiling the same color as the walls. Trim and doors should be a contrasting color – bone/off-white, beige, stained, etc. This allows the architectural trim to be more prominent and dress up the room. Paint is one of the most cost-effective ways to immediately improve the overall impression of a home. After all, isn’t that what you are going for – a good impression?
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 & Cell: 228-3489 |
10 | Closing in the car! | | @July 08, 2010 14:53:07 PM | | Top | | | Had another great experience with technology in my business yesterday. Coming back from the holiday...one of our closings had been delayed and suddenly happened while we were driving home.
The title company emailed me saying docs were ready and the buyer would be in to sign. My client, one in Arizona and one in Poland, were to review everything prior to closing. Title emailed everyone the closing statement....I reviewed and found a change, then my seller in Poland emailed to ask questions..same from client in Arizona and all the while I'm riding home and reviewing everything via iPad. The sellers had also been signing the contracts via Docusign so the entire process had been so easy and fast. No delays.
By the time I arrived to lunch in Santa Fe the buyers were on their way to closing and by the time I got home to Albuquerque the buyers were getting the keys!
No delays and no fuss....what a great time to practice real estate sales! |
11 | But I need to find a rental in Albuquerque! | | @July 01, 2010 12:21:10 PM | | Top | | |
Have you had a hard time finding a rental through the MLS? A hard time finding a real estate broker who works in traditional sales to help you find a rental?
Don't feel alone. Everyone does. In case nobody has taken the time to tell you why, here goes -
In many areas of the country, there is a centralized database - either in the MLS or a similar product - which allows showing and cooperation between brokers and brokerages to show and lease out properties. This is a system very much like the use of the MLS for selling properties. This system establishes the inventory, and offers it with compensation to other brokers to show and lease the properties for their clients.
In Albuquerque there isn't any such product. Real estate brokerages that specialize in sales live in a separate world than property management companies. The property management companies will show and lease their own inventory. There is no centralized database to find all the rentals that are available, thus the best approach is to simply call all of the leasing agents that you can and see what they have in their inventory.
Before you do decide to rent for your Albuquerque relocation, make sure you have studied the standard lease agreements in the area you are searching in. What we find most often is that 6 month leases are difficult to obtain, anything shorter is nearly impossible, and the standard menu seems to be a 12 month lease. If you plan on buying a home while you are renting, make sure you know the penalties for breaking your lease before you sign on the dotted line.
What many of our customers have found useful are the short term executive suites that are available - and we are glad to share that with you anytime you ask. Just email us for a list of the opportunities.
Also, be sure that renting is really what you want to do - analyze your rent/buy options to see what your financial picture paints before you fill in the blanks on a lease agreement. |
12 | #3 in a Series of 8 Articles - ROOMS THAT NEED TO BE STAGED | | @June 29, 2010 14:39:32 PM | | Top | | |
More tips and ideas about staging your Albuquerque home for sale
Do you know which rooms are important to stage when putting a house on the market and why?
• Living Room/Great Room (LR)
• Dining Room (DR)
• Master Bedroom (MBR)
• Bathrooms
• Kitchen
It is important to make a house look more like a Home. You want to produce a warm & welcoming effect on the visitors, encouraging them to linger. The longer the prospective visitors are in the Home – the better the chances are of making a positive & lasting impression. Staging a home will help the potential buyers to visualize their furniture & furnishing within the house. When staged correctly, it can also be used as a tool to help make a room appear larger than it actually is – this is especially important when it comes to the Master Bedroom, and living areas.
For more information about staging, contact Interior Styling by Karla today!
If you would like a free copy of my book for Sellers - please fill out this form and I will send you a copy in the mail! |
13 | Do you think there is life after a short sale? Think again | | @June 24, 2010 09:07:05 AM | | Top | | | I was reading an article this weekend about how short sale sellers aren't exactly off the hook to go on with the rest of their lives after they and their broker have 'negotiated' a short sale.
A recent Washington Post article talks to this point, that homeowners who refinanced their homes and then subsequently negotiate a short sale are not protected from deficiency judgements brought by the banks. Even after you have negotiated the short sale, the banks can come back to you and require that you pay back the forgiven amounts.
I'm the first one to admit I have stayed away from this part of the market. I could {and probably will} write another blog piece about how I think even the term "short sale" isn't exactly what we should be calling these types of sales....but I digress....but the entire process just seems ripe for these types of uncertainties.
Why has this happened? In years past, when a 'short sale' was just a term we used when the seller was going to have to bring money to the closing table to close on their property, banks were more forgiving and the cost of recouping their losses didn't justify their costs of pursuing the funds from the seller. But in today's environment, the banks are experiencing huge losses, and they are reaching out to the first one in line to recoup those losses - the sellers of the properties. Often the sellers go away from the short sales thinking that their lives are back to their new normal, and start their lives again. If that includes building a new portfolio the banks are watching and may pursue your new assets as their opportunity to recover some of their losses. From the bank's point of view, it only makes sense. To the seller, it's a very unwelcome surprise.
So for sellers, please make sure you read all of the conditions of the approval, be sure to read all of the fine print.
For those brokers who have always thought it was in the best interest of everyone to be the one to lower their compensation for the 'deal to go through' (banks don't ask the title companies or anyone else, but we have made it easy on them by thinking we aren't worth our paychecks) I wonder if they are going to be compensated when the banks go back to the seller and recover their deficiencies? Ah, well - again, I digress and I see another blog post coming! |
14 | Why the virtual office? | | @June 16, 2010 09:30:47 AM | | Top | | |
Interesting discussion going on today on the social networking sites about "virtual offices". I have run a virtual office for years, finding that being in the office doesn't mean I'm in my business. Lots of distractions and lines at the copy machine made it inefficient for me to get anything done.
I can accomplish more for my clients by being virtual than by having a physical office. The time it takes just to get to the office, set up materials and deal with office details is time that I could be dealing with 2-3 items and getting them cleared up! Reports, offers, paper things - oh those paper things! With Internet faxing we don't need fax machines anymore. With email we hardly need faxes anymore. With file sharing we hardly need email anymore....
The amount of work that I and my team can accomplish in a day just by being virtual is virtually impressive!
Oh, and my assistants - they are virtual, too.
Transactions can now be processed so quickly that by the time a client has gotten back into their car to catch a plane, their offer has already been submitted and {hopefully} signed and accepted by the seller without us having left the computer. With the use of Docusign and on-line client file platforms, the process has been streamlined.
Oh, and I'm thinking that the earnest money part can't be virtual...but actually it can be with a wire transfer...
There are so many aspects to business, and not only the real estate business, that can be virtual that perhaps the day of the physical office is going to be a thing of the past. |
15 | It's better to buy than rent an Albuquerque home! | | @June 15, 2010 09:06:22 AM | | Top | | | This morning Trulia published their rent/buy analysis for various cities. Albuquerque placed with a rating of "14". The Price to Rent Ratio interpretation is this:
If a city receives a score of anything from 1-15, it is much less expensive to own than to rent a home in this city. The factors used to calculate this score are the mortgage (principle and interest), property taxes, hazard insurance, closing costs and ongoing Home Owner Association Dues and private mortgage insurance where applied. The calculations are used to include an offset for the tax advantages of home ownership, including mortgage interest, property tax and closing cost deductions.
The total cost of renting is calculated to use rent plus renter's insurance.
Also, in Albuquerque it is pretty difficult to find a short term rental, 6 months or less - and if you choose to rent you stand of chance of 'missing the market'. I have lived in Albuquerque since 1979 and I have seen many changes in market conditions and economic development. Albuquerque's market tide can change quite quickly, leaving you with higher interest rates or less inventory to choose from when you get ready to buy if you postpone the process by renting.
For the full report, click here!
There are opportunities for short term executive rentals that many of our clients have found very useful, and if you would like a list of those properties please contact the eTeam anytime, we would be glad to help. |
16 | #2 in a Series of 8 Articles – AN INVITING ENTRY for your Albuquerque home | | @June 14, 2010 12:25:48 PM | | Top | | |
What is the “Functionality” of an Entry and/or Foyer? This is where you are able to set the tone for the rest of the home and create some impact on the first-time visitor. Intensify this impression by adding some extra pizzazz and drama to this part of your Albuquerque home to generate extra interest. Using mirrors, artwork, tables and rugs are not only functional, but they also provide your guest with an appealing introduction that will impart a lingering effect when entering and leaving the home.
When possible have a table in the entry where Realtors can leave their business cards for you and your Listing Realtor to review at a later date. Remember, first impressions are everything!
For more information about how to get your property staged, or for a consultation, please contact:
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 Cell: 228-3489
http://www.interiorstylingbykarla.com/ |
18 | Amazing Featured Property in Brazos, New Mexico | | @June 06, 2010 19:41:58 PM | | Top | | | Amazing property located in the Brazos, New Mexico - 20 acres of privacy overlooking the Brazos River...decks with river views and steps away from great trout fishing!
20 ACRE ESTATE IN THE BRAZOS |
19 | New service for the eTeam Real Estate Group | | @June 06, 2010 19:31:19 PM | | Top | | |
Now, search for Santa Fe and Northern New Mexico MLS with one easy site - learn what the buzz is all about in the wonderful area of Northern New Mexico!
SEARCH SANTA FE AND NORTHERN NEW MEXICO MLS |
20 | Staging Tips to Help Sell Your Home | | @June 03, 2010 12:33:02 PM | | Top | | |
This will be a series of helpful hints for staging, brought to you by my favorite local designer - "Interior Styling by Karla"
“STAGING TIPS TO HELP SELL YOUR HOME”
8 Part Series
Article #1 – “Curb Appeal”
Driving by a potential Buyer may say to themselves “Hmm… do I want to stop – do I want to look at this house.” The house needs to be as inviting and welcoming from the outside as it is from the inside. It is very important that people want to stop and look at the house, because if there is no curb appeal - there is no reason to stop and look. Your yards are just as important as the inside of the home is. Their interests need to be perked. Remember – you never get a 2nd chance to make a notable 1st impression! This applies to curb appeal more than ever.
Karla McWhorter
Interior Styling by Karla
Ph: 275-6819 Cell: 228-3489
http://www.interiorstylingbykarla.com/ |
22 | Tax Lightening in High Desert/Paako? Really? | | @May 11, 2010 11:05:22 AM | | Top | | |
I have to say that the media has it wrong again. While some property owners in the High Desert and Paako areas might have seen an incorrect assessment on their properties, it's not a wide-sweeping all encompassing increase as the media has reported.
First hand experience, my assessment hasn't increased. First hand knowledge, I looked at my Notice of Value. No issues here.
While I don't argue that some homeowners have been incorrectly assessed because of inflated pricing and sales from a few years back, or 'guesstimates' again by the assessor office (living in a limited disclosure state does have its drawbacks).....not every single home has been increased to the extent that it should be front page news.
But, what's news without a little shouting?
So far the sales statistics being reported aren't widely accurate, even the ones coming from our own trade association...and all that you read in the headlines isn't the real deal...
Get some real stats on your own, study your tax bill if you live in these areas.
Happy spring! |
23 | April Jobs Report - impact on our economy | | @May 10, 2010 08:00:00 AM | | Top | | | We received some very positive economic news this morning with the April Jobs report. There were approximately 290,000 new jobs created in April. This was the biggest rise in jobs since March, 2006. There were 66,000 census workers included in the 290,000 jobs creation number for April. However, since December there have been 573,000 new non-farm payroll jobs created. The biggest jobs gains have come over the last two months. The unemployment rate is still being reported at approximately 9.9%.
The April jobs report is another sign that our economy is starting to improve. As the economy continues to improve and consumer confidence increases we will see increases in home prices and home buying activity. The Albuquerque real estate market and local economy are starting to improve as well.
The mortgage market, guidelines and regulations are changing everyday. There has never been a more important time than now to work with an experienced, proven mortgage company.
To Your Success,
Scott Cummings, CMPS
President / CEO
Cummings Financial
505.884.8600 office
505-263-7706
scott@cummingsfinancial.net
For more information about home sales, home purchases and FAQ's regarding real estate, contact the eTeam Real Estate Group anytime! |
24 | This 3 bedroom 2 bathroom Single Family located at 99 Golf Course Road, Mountainair, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy. | | @May 06, 2010 08:41:08 AM | | Top | | | This 3 bedroom 2 bathroom Single Family located at 99 Golf Course Road, Mountainair, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy.
Listed at a 'new' price, you will love this desert escape - on 40 acres near the lovely community of Moutainair, New Mexico.
Contact us anytime for more information!
www.RealEstateInABQ.com |
25 | What now after the tax incentive? | | @May 01, 2010 16:20:22 PM | | Top | | |
I've seen alot of media coverage this week regarding the deadline for the tax credit for buyers, and whether it made things 'busier' than usual.
This I can only address from my personal team experience - we are busier for clients coming AFTER the deadline has passed than during the tax credit bonus program.
We have more people, in higher price ranges, scheduled to see homes next week (and they are prequalified and ready to buy right away) than we did in the last couple of months.
Of the clients we have served over the last couple of months, only a small percentage of those clients referenced the tax credit deadline as a crunch time and a reason for buying. It did not feel to us like that was the primary incentive for them to buy a home.
What I am noticing during my twice daily checks of the market is that the higher end areas are selling right now, and of those homes that are selling - most have had substantial to moderate price reductions. The sellers have been getting more competitive in the market pricing strategies to get their homes sold, resulting in more pending sales in that price range from 500K and up.
Another interesting this is that I have had more sign/web calls on properties that have been on the market, gone pending - only to have the phone ring with someone inquiring "what happened to that house, I've been watching it for months and now it's not on your website anymore!" Yes, it finally sold! I believe that buyers are going to experience more disappointments by not moving ahead on properties that they really like - thinking that they can 'wait things out'...only to find their dream home being secured by another buyer contract.
These are all good 'experience' signs for the market that buyers and sellers might be showing us activity that proves to be healthy for our housing market.
Cheers to all! |
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