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You can't turn on the news these days without hearing about the foreclosure crisis.  If you were thinking of listing your home for sale you are probably more confused than ever before.

I will try to shed some light on the subject.  If you are a bank trying to liquidate your recent repos, this is bad news.  Your already bursting at the seams supply of homes is going to get larger, while you figure out if your foreclosures were done properly.  All that money sitting idle, not a good thing.

If you are a regular home owner with equity, now is the time to jump on the bandwagon.  This is a window of opportunity where your low priced competition is at a standstill.  Season is coming and for you this is good news!  But only if take action soon.  Eventually they will get this figured out and the foreclosures will come back onto the market.

It pays to work with a real estate professional than can guide you through these rough times. 

Janet Thomas, Broker

Venice Hometown Realty

 


Posted by Janet Thomas on October 19th, 2010 6:51 AMPost a Comment (0)

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