Update to Market Conditions!!

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photo courtesy of nonworkers.com

What happened???!!

You need to know that we are suddenly experiencing a crazy market condition.

After having been flooded with foreclosed homes for so long, our market is now very short on what we call “inventory” – also known as homes available for sale!

What this means to you, as a buyer, is that when a home comes on the market – you must act fast.  We need to be connected!  My last listing was under contract within 72 hours of being on the Multiple Listing Systems that I use – before it even hit the internet websites such as REALTOR.com, Zillow or Trulia.

For home sellers – it might be a good time to attempt to sell – but a word of CAUTION to you – the values are not jumping up with the activity.   Lenders are not considering any significant increase in home values – nor are Buyers.  We are not truly experiencing any rise in values….yet….

Call me today with your home “wish list” so I may start watching.  I receive notice of a new listing on the market anywhere from 10 minutes of it being entered into the system, to 12 hours (depending on which multiple listing system was used).  Be prepared in two ways:  1) for my phone call that says – “Let’s go look at this one!” and 2) with a pre-approval letter from your lender so we are ready to write an offer!

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