Thursday, August 21, 2008

We sold a dream!

Patti-
I love you!!!!
The buyers and I met for about an hour tonight. It was a meeting to show them how things work (how to use the oven, what sprinkler controls go to what, how often to water, etc.).
What ended up telling me felt so good. They were looking for a 1960s-1980s single floor ranch house. They are also junkies of the HG TV make-over shows. They said they walked into this house and immediately knew it was the one. It had the look they wanted, and they loved the paint colors, flooring and fixtures. They loved the staging. This is something we both accomplished together. You and I had and instant rapport on what to do to make this house sell.
When Rex and Rina left I got a big bear hug from both of them. I feel that we didn't just sell a house, we sold a dream. How much better can it get?
Steve-

Wednesday, August 20, 2008

Buyers Market

We've been enjoying a roller coaster real estate market. It is certainly a time for buyers. The median price home is more affordable. It has dropped by 25.6%. That is $364,000 - an astonishing figure. This represents the largest one month decline in 20 years. The short sale & repos are still the favorite commodity. However, I have noticed an upsurge in interest in properties listed by "traditional sellers", because some people don't like the volatility of the short sales & repos. The future is looking brighter. Sales were up 11.5% from June & 10.5% higher than a year ago. Great programs with either 3% or 5% down are really fueling the market. Finally if anyone needs help with short sales or lowering their property tax email us @ patti@mckelveyrealty.com or call us @ 619-409-8505.