Year to date market update

By Larry Schottenstein on December 13, 2011

I find it odd how real estate agents will take a negotiating position they can’t defend. They are basically making up a reason. I feel this weakens their ability to negotiate for their client. I had a property listed at $259,000, which was below market and a good deal at list. My investor/seller paid cash [...]

By Valerie Ahmed on December 6, 2011

Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season.
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By Chris Harpster on November 21, 2011

The housing market is still adjusting to a variety of issues including; tighter lending guidelines, sellers’ mortgage / debt obligations, and weak demand. In spite of reduced prices and record low interest rates, I don’t expect values to move much at all. I would only recommend buying if you have significant equity for down payment or plan on staying in your home at least 5 years.

By Chris Harpster on October 17, 2011

One mistake sellers often make is taking feedback too personally. Below is a good example of what I am talking about. My feedback was ‘the house was neat and well kept but smelled like dog’. I received this as a reply directly from the seller. It is also worth noting my clients liked the house and thought replacing the carpet would remedy the pet odor issue…as they had done so in the previous home they bought. In the end, it’s not a big issue and certainly not worth getting upset over.