The definition of a “buyer’s market” has traditionally meant that the supply is greater than the demand. Specifically, more than 5 months worth of inventory/supply is considered a buyer’s market. Obviously, the seller trying to sell her $900,000 house will be willing to negotiate a lot, make repairs and kiss your feet if [...]
Friday, October 3, 2008
This is what foreclosure looks like. I often show my buying clients bank-owned properties with many personal belongings left behind from the evicted owners like you’ll see in the video. If you or someone you know if facing real estate challenges such as foreclosure, don’t hesitate to call or email me and we can [...]
Monday, April 28, 2008
Valley home-owners who are trying to sell have some steep competition these days: motivated lenders. A little more than 49 percent of all the resales recorded in Pinal Country in March were bank-owned properties, according to RL Brown’s Phoenix Housing Market Letter. These “REO” - real estate owned - homes that have gone back to [...]
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Monday, June 8, 2009
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