Foreclosure Home Buyers....Don't miss the "bottom" of this market!!!

Are we at the bottom?  How big is the bottom?  Today's real estate market could be likened to reminiscing about your 3d grade bus driver in that no one knows how "big" (his or her) bottom was.  However, whereas you don't care to know the anatomy of your 3d grade bus driver, you are hoping to foresee and understand the "anatomy" of this unprecedented market low as it relates to buying a home or helping someone buy a home. 

There are indications that the market is reaching it's bottom.  This means that home prices may not get any lower.  When you consider that interest rates are at a 50 year low, now is unquestionably and unmistakably the time to "get off the fence".  Foreclosure pricing has also affected the pricing of homes overall.  Now we're seeing non bank owned (regular folks) pricing their homes more competitively and this is causing them to sell (their homes) in higher numbers than for example 6 months ago when they may have "hoped foreclosure home inventories would be decreasing".  Although the number of foreclosure homes is not decreasing yet, we are seeing the stabilization of pricing which alludes to a possible bottoming of the market. 

The "bottom" line is get your "butt" in gear or you may be kicking yourself in the "rear".

See video below for similar sentiments nationally:

 

Visit msnbc.com for Breaking News, World News, and News about the Economy

 

 

See all of the  Traverse City, MI Real Estate listings, residential, homes, vacant land, waterfront and bank foreclosure properties!  All Realtor and MLS listed homes and acreage properties. View ALL MLS Listings!  

All Bank Foreclosure Properties.  Every MLS Bank Repo,  REO properties here, Foreclosures.  See all  homes in the Traverse City, Michigan area.  See all foreclosures before  buying bank foreclosure homes, all bank repo homes, All REO homes. Click here for All Bank Foreclosure Homes, Bank Repos, REO Homes

If you are Buying a home or Real Estate in Traverse City, Michigan  then consider finding every available residential, waterfront, bank foreclosure, condo, commercial and vacant land right in one place  CBGreatLakes.com

What about Selling a home or Real Estate in  the  Traverse City, MI area?  Whether you own residential, waterfront, vacant land, commercial, condo or you might be nearing  bank foreclosure we have experienced Traverse City sales associates who can assist you in  Selling your property!

All MLS Listings of Traverse City, MI Real Estate are a click away.  Property Detailed MLS profile  pages of homes for sale in Traverse City, Michigan. 18 photos and virtual tours of  Traverse City Real Estate Listings  ALL MLS Listings!

  Location, Location, Location see the Location of every property via Google mapping. It's all about Google. It's our Marketing Strategy.  Whether you're searching for bank foreclosure homes, residential listings, waterfront or vacant properties, our site has ALL MLS listings!

Traverse City Relocation Link Here

 

Fred Schmidt Jr.

Fred Schmidt Jr.

Traverse City Real Estate | Waterfront Homes For Sale | FredSchmidt.com
Contact Me

Blog Archives

Tags