May. 18, 2006 - Getting Back To Business
I got a call from an old buddy this morning. It was good to hear from him as we haven't talked for awhile.
He is a business man. I remember him when he was a working for someone else's company as a sales rep. Now he owns his own business and is doing pretty well by most standards. He inspires me to think big.
We talked about what's going on in real estate these days. The fact is, I have had this same conversation with a few people lately. They want to know what's happening. Since "What's happening out there?' seems to be on so many peoples minds, I might just as well turn the answer to that question into a post, eh?
It has been my experience as of late that the buyers refuse to be bullied. There are plenty of properties to choose from. Sellers should not expect obscene profits at lightning speed, even if they have me representing them.
One of the things that is driving this scenario is the gimmick mortgages that people took out to buy more house than they couldn't really afford. I was never an endorser of the interest only, adjustable rate, 125% equity loans, etc. Taken out in the hay day, they are all coming back to haunt people. I have seen some very shrewed negotiators get some very good deals lately.
As long as sellers are willing to be reasonable with their list price, they will not be disappointed, however, now is a great time to be a qualified buyer.
As always, if you have found yourself receiving my blog postings via e-mail, it is because I have either blogged about you personally, blogged about something I know is of interest to you, or I consider you to be a person of deep thinking and intellect and I would love to have you occasionally commenting on my blog. If you would like to be removed from the list simply send me an e-mail saying so.
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