Hula and The Real Estate Market Today

Time is moving fast.....at least faster than I can think of this year, I guess keeping up with all the Real Estate changes has got me busy.

First time shoppers have a lot of excitement and they should since this year holds great benefits for them. The discouraging part is the amount of time that it takes to buy this first home. Everyone now understands the meaning of Short Sale.....the longest most difficult time consuming process known to everyone working in the Real Estate industry today. Can it ever become less problematic for us? Well there trying but it is slow to come.

I have put into place a company (a law firm) that I send my Short Sale Sellers too, why???? because an attorney gets to the lender faster, produces real action and does create a Short Sale less cumbersome then those without this legal assistance. Note that I said, send the sellers. Don't take referral fees, don't require this process just give your sellers the option to retain a lawyer. Once your sellers and their lenders are in a go process, begin your listing transaction. Why start a process you don't know will happen until you have that approval, it just makes more sense both for your seller and yourself. These days we have to work smarter and use the tools available to us as well as do the best job possible for your seller. When this happens it's an awesome thing.

REO's still the best deal available both in price and time, but since your competition is so high with multiple offers on every property and cash is king attitude even this transaction has become difficult for new buyers. My advice is don't give up, make offers that are higher than asking price and be willing to fight for the property if you really want it. In the long run, these properties will grow in equity much faster and your investment will be worth every penny.

Strategy is always the same, keep your focus it is a great time to buy even if you have to go through all the hoops to get there.

One note...you will see that my broker has joined forces with an outstanding Real Estate Company and we are getting a new name. I haven't changed brokers I have just received a new name one that is very large in the east coast and we will be the 1st broker in Orange County to be part of their California Gold Coast team. Our new name is Weichert Realtors, Gold Coast.

I'm looking forward to servicing my clients with our new name soon, I just wanted to give you 1st notice, we will be on board July 1, 2009.

Dee Fether