Short Sale Success: Key is to Change Our Mindset!
A couple of interesting facts in this post from a real estate "insiders" blog that I follow (e.g.: a buyer who engages in the purchase of a short sale will typically purchase the property at a 21% reduction to the current market value). We've handled a number of short-sale transactions (buy- and sell-side) and would be pleased to discuss any questions you might have.
Tuesday, August 30, 2011
Monday, August 22, 2011
Shadow inventory improves...
Interesting article linked below from CNNMoney on the foreclosure mess. As I've blogged about previously (see condo entry from 7/13/2011), foreclosures have had a very real and measurable impact on the market. However, I find it unlikely that there is a massive shadow inventory that will roll over us like a Tsunami. This would imply a level of communication and coordination (not to mention agreement) among the various institutions involved that simply does not exist. Further, if so many were on hold, at least some participants would be releasing inventory in classic "prisoner's dilemma" fashion.
Here's the link: Shadow inventory improves but still threatens housing recovery
Here's the link: Shadow inventory improves but still threatens housing recovery
Friday, August 19, 2011
Urban farmer turns his yard into a cornucopia of produce
We helped Jake in the purchase of this property. Way to go Jake!
Urban farmer turns his yard into a cornucopia of produce
Urban farmer turns his yard into a cornucopia of produce
Tuesday, August 16, 2011
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