It's a Buyer's Market

It's official. According to major news outlets and economist's it's a buyer's Market. What does that mean to you? If you have been looking purchase now is the time to get serious. First, if you need to get a loan, go to a local lender and get a commitment letter for the amount you can borrow. This shouldn't be confused with a pre-approval. Second, get a Realtor to start sending you properties over the internet and set up showing appointments. Sellers are waiting for reasonable offers and are willing to fix just about anything to get the deal done.

If you are Selling your property or thinking of selling you need to make sure you price it at a level that gets the buyers in your front door. Get a Realtor to do a Comparative Market Analysis (CMA) so you know what price you should be at. As everyone knows the first impression is the only impression. When they pull up to your house what they see will carrie over to the inside. If your yard doesn't have a nice curb appeal that critical first impression is gone. Once that buyer is in your house it better sparkle. Paint and fix all marks on walls, clean the carpet, wash the windows, get rid of clutter and by all means make sure it doesn't smell like the pets or last nights meal. Remember, buyers have many choices and time to look for several weeks if not longer to make a decision.

To read the latest go to: http://www.realestatejournal.com/buysell/markettrends/20060925-walsh.html?refresh=on