So How Do You Really Feel About Foreclosures?

One of the hot topics regarding real estate is foreclosures. Are there really a lot of them and are they a good deal. In a recent online survey by Harris Interactive on behalf of Trulia.com, there are some interesting observations regarding whether you, the buyer, would consider purchasing a foreclosure and of those surveyed whether or not they thought there was any negative aspects involved in purchasing one. Here are the facts.

Interest in foreclosures is on the rise. The amount of searches conducted for foreclosures have more than tripled in the first quarter of 2008, rising by 214%. The survey was conducted in late April of 2008 and shows that over half would consider purchasing a foreclosed home.

Do buyers feel there are negative aspects in purchasing a foreclosed home? Yes, 69% of those surveyed said they believed there were with the negative aspects believed to be 69% cited hidden costs, 35% considered the prospect as risky and 33% mentioed the possibility of the home losing it’s value. These are all valid concerns and should be addressed. The following list of guidelines should help. Read more

3 Reasons for Moving Up in a Down Market

We have all seen the news and heard all the bleak reports, but the local market is not as bad as what is projected. See my article “The Sky is Not Falling in Rockwall, Texas.” The fact is, if you have considered moving up, there may not be a better time.

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To Sell or Not to Sell

A question that gets asked of me quite often is “when is the best time of year to sell?”. Traditionally, it is thought that the spring and summer months are the best due to the shear volume of buyers. But, before you make a decision, consider these facts. Read more