We are begining a new year and I am sure we will see changes as we go along. Nothing stays
the same for very long. I did read an interesting article recently warning "buyers of new construction" that builders are making changes to new construction that could be perceived as
cutting corners, yes they are passing codes, but not giving as many extras or as much quality
which may be a problem down the road. This new trend gives me concern. I do feel that the
real value for buyers right now is found in the resale market, foreclosures and short sales.

I hate to see buyers postponing decisions to buy believing that the low interest rates will be there waiting for them at the time they do decide to buy. With the need to finance our growing debt we will most likely see rates rise ; they always rise with demand in the summer anyway. I would advise with the $8000 first time buyer tax credit and the expanded $6500 buyer tax credit for buyers who have lived 5 out of the last 8 years in their home prior to buying which ends April 30th, (closing by June 30) now is the time to get your decision made.

Sellers who wish to get their home sold need to get their home on the market and do all that their Realtor suggests to compete agressively in the market (stay with or below your direct competition). Often if you give up some on the selling side you are recoperating the loss on the buying side and hopefully even more.

I am excited about the new year and ready to take on its challenges. Licensed since 1984 , I have seen many different markets and what it takes to help your clients adapt to them.

Oh, we are now exploring the use of video tours instead of virtual tours, which gives the buyers
a better feel for a property. Change is here.