It's been tough to blog lately. I'm a firm believer in the saying that if you can't say something nice, don't say anything at all. So I've been silent. There is not much nice to say about the local real estate market right now.
I've got clients, mostly buyers, but they just are not finding anything to buy. It seems that with all the doom and gloom in the news, sellers are not selling unless they absolutely have to. Latest stats out show that the number of local listings is down by more than 10 percent.
Good houses are still selling quickly. In at least 4 occasions during the past six weeks, I've had buyers not quick enough on the draw. One agent told me yesterday that she wrote five offers in October but four of them didn't come together, some due to mulitple offers. So if you are thinking about selling in this market, it is esential that you de-clutter, clean and be up to date on all maintence. Then price it right and it will sell! (If you are thinking of selling, call me and ask about my staging offer.)
Banks are giving mortgages but you've got to have decent credit. I've had a couple of buyers with scores below 500 wanting owner financing. Guess what? Owners check credit as well. Now, more than ever before, Americans should pay their bills on time and make strides to get out of debt. Ever hear of a Budget? It's time to adopt one and stick to it.
I will get back to blogging, I promise! I appreciate the e-mails asking if I'm okay. And I guess there has been one very nice side to the current real estate market, I've been able to spend more time with my husband and enjoying photography and other hobbies! Have a fun and safe Holloween!