Weekly Real Estate Water Cooler Talk
By Rob & Jeannie Steward - Realtors®, We Work TWICE As Hard For You! - Ashton Group
(RE/MAX Advantage)
The proportion of homeowners that expected declines in the value of their homes in the year ahead fell to 15 percent in January, the lowest level since early 2007. That is down from 16 percent in the fourth quarter, and sentiment has improved over the past year. In the first quarter of 2009, 26 percent expected their home value to decline. The mean anticipated annual gain over the next five years held steady at 2.7 percent in January. REO and short-sale properties can be money pits when offers take forever to close and vacant properties are trashed. Here are some suggestions for expediting the deals: The best short-sale deals are those where the bank has pre-approved the sale price. The property may still take a long time to close, but not as long as it would otherwise. Buyers of a...
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