Bill Sheffield

Any positive news matters

09-11-08

For nearly 2 years practically all real estate news has sounded like finger nails on a chalk board. Just irritating enough to be a major distraction for some and to dissuade others.

Beginning in the third quarter of 2006, this was supposed to last until the second quarter of 2007. However, by then it would last until the first quarter of 2008. Now we hear possibly by the end of 2009. Who knows?

Whether the Government taking over Freddie and Fannie is good or bad is not understood by this Realtor. Whether the Housing Plan passed by Congress and signed into law by the President is good or bad, time will tell. I only know what has happend to add more buyers into the mix. Rates are today in the middle 5's and in our market the FHA limits on October 1 will be raised to $417,000 and with the lending criteria FHA allows.

This will increase the number of buyers we can get qualified for homes and that always increases sales. So, I'll take this small amount of good news and tell every buyer and seller I can. It's been a long time coming.

1 Comment

Bill Sheffield
Gallant Sheffield Realty & Investments

Bill Sheffield: Real Estate Brokerage in Pensacola, FL

Office: (850) 456-6333

Mobile: (850) 261-5133

Designations GRI, CRS, ABR, e-Pro & CSP Licensed in Florida and Alabama

Where There's a Bill, There's a Way

I have practiced Real Estate for almost 13 years. Prior to this I did sales and marketing for 28 years. I have helped almost 1,000 people buy and sell property here in Paradise, ah Pensacola. I know this market. I know the values and market trends. I know the income potential for investments here. I have helped over 200 families relocate here. I stay abreast of the mortgage industry and am able to assist families and investors acquire property with the least money possible at the lowest payments.

Why use Bill?

Being a respected practioner of our profession, I understand the motivation of buyers and sellers. I mean by this that sellers are motivated by one thing, how much money they leave the table with. And most buyers want to pay the least amout for property possible. This simple knowledge has profited all the people I have been blessed to represent over the years. To accomplish this a Broker has to have a day to day knowledge of the market. I spend time daily to find out what homes sold for and the time on the market. How are the financial markets moving which always affects the mortgage rate. Also, we are in a resort area so when is the time to guide investors back into this area. I know what I am doing and always will.

Bill Sheffield

Any positive news matters

Bill SheffieldGallant Sheffield Realty & Investments

Where There's a Bill, There's a Way

Why use Bill?

Bill Sheffield
Gallant Sheffield Realty & Investments