Real Esate Blog

Buyers:

1. Should be looking for a "bargain". Don't let your heart rule your purchase.

2. With little cash should be looking at HUD homes which require only $100 down payment.

3. Looking for neighborhoods with few foreclosures as they are more stable and less likely to decline in value

4. Should be seeking the lowest interest rate with the smallest cost.

5. Should be taking their time...the market is going nowhere but lower, so don't rush yourself. But don't pass up some of the bargains available.

Sellers:

1. Should be staying put if possible. But if forced they....

2. Should put the home in the very best shape possible before marketing it.

3. Should price the home according to their subdivision comparables.

4. Should expect a longer time on the market.

5. Should be prepared to "work" with a potential buyer on closing cost, inspections, move in dates, etc.

Simple enough!