It seems like yesterday since my last post... but it has been a couple of weeks. So, how has your August been? For those of us in real estate it has been fast and furious, even in this economy. Sales are up, foreclosure notices are up, so it is kind of weird. As a rule I do not chase people who are struggling to make it, so my side of the foreclosure business is when homes are owned by the bank and ready to sell. I prefer to keep clients away from Short Sales, although I do have a few of those listings. The reason I say this is because if you look at the figures it is not really all that bad out there.
The bank owned properties are at bargain basement prices. I am finding the bank is holding firm to their prices. It is a waiting game... it can take two weeks just to hear back from them. One home I am working on went on the market, we made an offer the same day and there currently are twelve offers and no one has heard anything.
It is a good time... if you have can tolerate the wait. Now go out and enjoy the rest of your summer.... Jeff
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