Over the weekend after our freeze out ice storm. My husband and I were walking our dog Georgia around the neighborhood. An interesting question came up from one of our neighbors, how does the market look for 2011? I wanted to give you my thoughts on the subject. If I could predict with certainty what was going to happen I would be sitting pretty, but based on research of fellow realtors at GAR and NAR I do have some suggestions as to whats going on.
Most people who have been holding on thier homes hoping the economy would recover in the past two years have come to the realization that the market is not going to bounce back as quickly as it dropped. Those people who now have to move for whatever reason are serious about getting their home sold and are more realistic on where there price needs to be. I think we will see interest rates remainig low at least in the near future which will help those buyers who are in the market.
Once some of the these home sales that are not foreclosures or short sales go through the market will rise slightly to more of a stable place but you are not going to see any drastic price increases or value increases in the next few months.
It remains a great time to buy with home prices low, rates at historic lows and still a lot of different types of properties on the market so finding what you are looking for is easier.
If you are considering selling or you need to sell now more than ever is when you need a realtor. Because of the number of homes on the market you need to have your property in as many databases as possible, staged to appeal more to buyers then once similar to yours and also priced at a point that compells the buyer to make an offer on yours over another because it is true value.
To accomplish this you need a realtor who puts your interest first and is there to help you with this decision and the next one of where to go from here. I live my a personal mission statement, "helping you move through life!" to learn more about how i can assist you in your search for a rental home, dream home or get your property sold please visit my website at http://Lindsey.Cheney.harrynorman.com I look forward to hearing from you soon!
