THE HEAT INDEX IS RISING

It's the end of July and things are heating up in our Real Estate Market. No it's not 2005 but those of us that have continued in the face of adversity are beginning to feel the rewards. I'm not talking about the elusive commission check only, but seeing people who had been priced out of the frenzied market able to step in now. With the great convergence of low interest rates and low prices the opportunities are boundless. Yes the search for a home can seem overwhelming since there are so many, most with distress of one kind or another. As a buyer you must have total trust in the team assisting you, lender, Realtor, inspector, and others. The process today is not easy with so many types of transactions available. Short sale is a trial of ones patience. It can be very humbling when you realize it does not matter who you are or how much cash you have, it will take time. I recently had a client buying a winter home that was a short sale, he had not purchased a home in over two decades. The process was confusing and irrating to him. After many weeks on a rollercoaster ride he has the home he wanted at the price he wished to pay. Foreclosed or REO properties have another set of challanges. Many of these properties have been empty a few monthes to over a year this is not good. The price point is very attractive yet condition gives one pause. Yes you can find a good REO home but be prepared to have an extended search. I am closing one next week with a young family that could not afford this home in the previous market. The home is move in condition, could use some updating but this can be done over time. With the low price and interest they will be able to do this soon and have a showplace. Do not be mislead todays market does have heat, it's all relative to your position.