Hula and The Real Estate Market Today

It's the end of the summer when every activity seems to wind down a bit, the weather seems to know that cooler is in and if you wanted to take that last minute mini vacation it happened on Labor Day Week-end. In Calif. we don't have a change of seasons the way other States do but we do have a change in the way we do things. I'm looking forward to the cooler weather that's for sure, it has been so hot & humid lately that it's hard to get things done. The 4th quarter used to be the dreaded no business time of the year for Realtors but this year it may turn out to be the most profitable for 2009.

Many buyers are still shopping and hoping to take advantage of the tax credit, inventory is low which is creating multiple offers and price increases on a lot of properties not to mention the fact that most buyers are qualified and ready to purchase now. This is good for the economy, good for the buyer and really good for the sellers. Short Sales will continue to be the norm for the rest of this year and maybe for a couple more as well, as a Realtor I'm still hoping for a shorter turn around time on these. Banks are still holding Bank Owned and we are all waiting for those to hit the market, hopefully this year but maybe next yr instead.

Good Bye to Summer 2009, Hello Fall of 2009

Dee - Weichert Realtors, Gold Coast

www.deefether.listingbook.com    

Everyday the news just seems to be getting harder to read, Lawyers in trouble over Loan Mod's not to mention all the Short Sale/Loan Mod companies crashing all around. Homeowner's in distress and some loosing more money by paying for Lawyers and Short Sale companies that aren't performing or worse yet in foreclosure. Bankruptcy thru the ceiling, yikes.

As a volunteer for Fair Housing I see the good, the bad and the ugly and even though we seek to help everyone who is a homeowner in distress it is very difficult when you see that some of these owners are just taking advantage of everything and everyone they can. Of course this is making it double difficult for those who really need our assistance to be heard.

The banks have been holding back on foreclosing trying to modify these homeowners but when they do the homeowners are dissatisfied with the new terms the banks are offering. So the banks are about to bring the hatchet down and start foreclosing instead of dealing, that will create another mass of REO's to the market, which will bring everyone's property values down.

What a mess were in, seems a little overwhelming some days. When the ball falls Realtors will be in a Daze for sometime, I'm thankful that I started this business 3 yrs ago when the going was beginning to get tough so the tough had to adjust. I've learned so much these past years that even my colleagues never knew and they've been in the business for 20+yrs. I'm still learning and actually enjoying the process, I guess you just have to love this business to remain and still have a smile on your face.

Need a Realtor?

Dee

The Beach.....easy to live, play and work.

Most times Real Estate at the Beach is OFF the charts but recently there have been some amazing buys, you do need to keep an eye on it. It's true that the value doesn't drop much but sometimes with Bank Owned and Short Sales the price does. Unfortunately it does drop the comps in the area a bit but most people realize that here when it drops you purchase quickly or it will be gone. Not only will beach property keep it's value longer but it will also be the first to increase when the Market begins to recover.

If you have been thinking about purchasing a vacation home, or your live in home don't vacillate too long keep your eyes peeled on the property for sale here in HB and snag the one that best fits your pocket book, NOW really is the time to buy. When your ready call me, I love HB and can find you the best deals.

Weichert Realtors, Gold Coast 

Dee Fether, Realtor in HB