Livingston County Real Estate Outlook for 2008

Well another year has flown by and I didn't get the chance to do everything I wanted :-( This year will be the year..

So.. I would like to share my humble top 10 Real Estate insider tips for the Real Estate outlook in Livingston County Mi for 2008. Here we go.

1) There will be a larger supply of homes for sale this year due to foreclosures

2) Foreclosures will double because the interest only and 1-3 year arms will be adjusting at double the rate of 2007

3) Sellers will need to make sure that they have their pricing in line with their lowest competition to even compete in the market

4) Buyers will be on the look-out for the BEST deals out there and NOT just foreclosures

5) Lending institutions (mortgage companies) will be tightening up on who will be approved this year

6) Sellers will need to look into staging companies to make their home STAND OUT from the rest

7) Realtors in the county will need to turn to the internet more for advertising or they will begin to lose more market share and clients

8) There will be more Real Estate Teams forming because they see the value in Teamwork and Customer Service and so do the Buyers and Sellers in the marketplace

9) More people will be looking on the internet for their next home than ever before

And last but not least..

10) It IS still a GREAT time to Sell IF you price your home to sell. A Professional Realtor can help you with that!

Lets's all have a great 2008 and Happy New Year to all!