What is everyones' feeling about the current activity level in the Redding area? I'm experiencing increased inquires and sales. The formula I see working is pricing to the actives in the subject srea and then coming under about 2%. If the seller is motivated, they should realize a sale in about 30 days if not before. The problem is that too many sellers haven't accepted the new market norm, they still want 2003 & 4 and prices. These over priced listings are just skewing the stats on the mls in a negative way with respect to monthly sales.
George @ Real Estate Center
(530) 222-4444
I seriously think the time is now for the 1st timers and investors to start snapping up the deals. Hey, even the Reo's (bank owned properties) are starting to adjust their asking prices downward and still accepting much less on an offer. Some great deals are in the market and more are on the way as the pipeline with short sales/REO's is loaded. If you need some help navigating this market give me a call at my office (530)222-4444. Just ask George
I'm hearing things daily now with respect to lower interest rates, FHA restructured for the first time buyer, a tremendous inventory of entry level homes and the best part...motivated sellers (prices have dropped considerably). Add to this the some 82 REO's (bank owned properties) and the buyers have the perfect market to call a home their own. The market in Redding is ripe for the picking for the entry level and the investor. I'm perplexed as a Realtor as to why these groups are still waiting. Is it the negative press alone that is driving this? How about the increase in a gallon of fuel? Sure some are taking advantage of the perfect market, but what is reason(s) for the ones that are not? Any ideas?
George
Real Estate Center
Agent Biography | River Pirate Fishing Guide Salmom Steelhead Sac River | World Clock...Click It! | City of Redding Portal | Turtle Bay Exploration Park | Shasta Dam Shasta Lake CA | Things To Do In ReddingArea | Vanish Your Mortgage | For Buyers | Real Estate Glossary | Our Homes | Our Featured Homes | Home | Locking in Rates | Staging Your House | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Buying Foreclosures/REO's | Gated Communities | Ethics in Real Estate | Home Appreciation | Driving Directions | Daily Rate Lock Advisory | My Blog | Win $1000
Copyright © 2008 Real Estate CenterPortions Copyright © 2008 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.
