Tuesday, April 21, 2009

Fed says we are near the bottom

I read yesterday that the FED says we are almost at the bottom in terms of the real estate market. I don't see how that is possible with Foreclosures still on the rise and credit markets still locked up tight. We will not see the bottom however until we are well past it so I am suggesting that each person out there who is still practicing do it like there is no tomorrow. Castle Rock Lake area real estate will be a tough sell this year with values sliding almost 30% over the last 6-8 months. As soon as sellers figure out the best way to get this across to buyers they will be rewarded with a sale.
Pricing is still first and foremost the best way to sell real estate, expert agree across the board.
We are currently doing some marketing for a couple of rental properties at Waterstone, one of Castle Rock's best.

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Friday, April 10, 2009

Just when you think its safe!

Its been a while since I have seen such a perfect senario to coin the phrase "buyers are liars, sellers are worse.", Seller is an institution, buyer is a greedy developer. 3rd party neighbor is the party that lost said property to the bank....

Ok so you see the set up for disaster. I have to be very carefull as I don't want to discuss the terms of an offer to purchase but I feel that this transaction is one of the most scary of all situations for realtors.

MORE LATER... Stay tuned!