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Michael Field

1st Time Buyers in the Drivers Seat!!!

In the Capital Region Real Estate market, the average first time home buyer could spend anywhere from $150K-225K on average...With all the benefits for these buyers I can't help really to think about how great an opportunity it is to be buying right now...I heard from my loan officer, (Steve Field - my brother at Metrocities Mortgage) that rates were under 5%!!! Incredible! So let's break down the opportunities that are available:

  1. A down market whereas first time buyers obviously don't have a house to sell are reaping the benefits of getting a good deal on the purchase without having to concede value on the sale of a home...
  2. $8,000 first time buyer credit...FREEE $$$$!!!!!
  3. Incredible rates under 5%!!!!
  4. A SPRING MARKET where listings are going to pop up!

God bless you first time buyers! You're in the driver seat!

Michael Field, Assoc. Broker - Realtor

The Field Team at Keller Williams Realty Capital District

518.724.5882 Office

518.669.1804 Cell

mike@thefieldteam.com

www.thefieldteam.com

First Time Buyers...Here's the key to the driver seat...

In the Capital Region Real Estate market, the average first time home buyer could spend anywhere from $150K-225K on average...With all the benefits for these buyers I can't help really to think about how great an opportunity it is to be buying right now...I heard from my loan officer, (Steve Field - my brother at Metrocities Mortgage) that rates were under 5%!!! Incredible! So let's break down the opportunities that are available:

  1. A down market whereas first time buyers obviously don't have a house to sell are reaping the benefits of getting a good deal on the purchase without having to concede value on the sale of a home...
  2. $8,000 first time buyer credit...FREEE $$$$!!!!!
  3. Incredible rates under 5%!!!!
  4. A SPRING MARKET where listings are going to pop up!

God bless you first time buyers! You're in the driver seat!

Michael Field, Assoc. Broker - Realtor

The Field Team at Keller Williams Realty Capital District

518.724.5882 Office

518.669.1804 Cell

mike@thefieldteam.com

www.thefieldteam.com

Sorry Mr. & Mrs. Seller, I can't service that listing, YOUR ASKING TOO MUCH!!!

Twice this week we have had to leave listings behind for other agents to come in & list for too much money b/c we got other things to focus on...In both scenarios, these "sellers" paid too much when they bought them (FSBO) & now are going to take hits...I would rather focus time, energy & money on the things that are going to move or the (ready, willing & able) buyers who are ready to buy...There are houses out there in THIS market/economy that are moving fast (see this link). This place sold in 8 DAYS with 5 OFFERS! Rather than take overpriced listings, I have buyers who are ready to purchase the overpriced homes & I don't have to answer to the sellers as to why their houses aren't selling for list price...HOW ABOUT IF YOU LISTED THE HOUSES FOR THE PRICE I ADVISED YOU THEY MIGHT HAVE!!!...If you realistic & you're looking for a professional, honest & up-front agent then see my number below...If you're looking for me to price your home out of the market, put you behind the competition who is priced realistically then perhaps you want to let me leave you behind for the buyers/sellers who are ready to make moves.

Michael Field, Assoc. Broker

The Field Team at Keller Williams Realty C.D.

518.724.5882 office

518.669.1804 cell

mike@thefieldteam.com email

WWW.THEFIELDTEAM.COM

Home Selling 101: Get ahead of the sliding shift in Price

With the market tightening up as we have now seen in the Capital Region Real Estate Market, it is very important to position yourself as a seller ahead of the competition. As difficult as this may be to accept, it is the ABSOLUTE TRUTH. Yesterday, I showed a home that was in PRISTINE condition & there literally wasn't anything the seller's didn't do in order to sell that property in very little time. From the buyers standpoint, they go into a house with the noises up, looking for things to be able to negoitate their way down in price. Because of this, it is well worth the effort of the seller's to have a consultation with the agent before the house enters the market. Your objective as a seller should be to get rid of the house in less than three weeks time-& do what it takes to do so...Otherwise, its going to get shown & passed by & before you know it-it's been on the market for 2 months & the buyers who are looking at it now want to know why its still on the market...As prices slowly gradually drop or steady off, you need to be ahead of things in order to be the most attractive...Similar to a ball rolling down a slope, the only way to get possesion of the ball is to GET AHEAD OF IT!

Michael Field, Assoc. Broker

The Field Team

www.thefieldteam.com

Keller Williams Realty Cap. Dist.

"THE HOME FIELD ADVANTAGE"

February 2009: Latham, NY Monthly Real Estate Trends

Coming to the end of the month of February, the results are in...Brought to you by the FIELD TEAM here is your update for the Latham, NY real estate market...

SOLDS - There were 10 sold properties in the North Colonie School District.

  1. 36 Crabapple- 135K, a 3 BR 1 bath.
  2. 27 Nelson - $169K, a 2BR 2 bath.
  3. 83 Mill Rd. - $190K, a 3 BR, 1 bath.
  4. 4 Andrea Ct. - $199.5K, a 3 BR, 1.5 bath
  5. 73 Mohawk Ave. - $224,900K, a 4BR, 2 bath.
  6. 15 Maxwell Rd. - $261K, a 4BR, 3bath.
  7. 3 Schalren Dr. - $320K, a 3BR, 1.5 bath.
  8. 20 Northern Dr. - $329KK, a 3 BR, 2 bath.
  9. 33 Verdun St. - $374.9K, a 4BR, 2.5 bath.
  10. 21 Northern Dr. - $442.9K, a 4 BR, 2.5 bath.

NEW LISTINGS- There were 30 new listings to the market. Granted several were previous listings that expired & were re-listed, these 30 make up the new properties to the Latham Real Estate Market. These prices range from $117K- 4.2 million. For a list of these properties email me & i'd be glad to provide this info...

PENDINGS - There are 4 properties that went pending & did not close in the month of February. This means that out of all the listings that went pending in the month of February, these are the only ones that didn't close. Out of the properties that sold in the above listed category, some of them mey have pended this month & closed in quick fashion however since they successfully closed we do not add them to this category.

This information should help to keep you up to date on the Latham Real estate market, however please feel free to contact me, Michael Field - The Field Team at Keller Williams Realty for expanded info on the Latham Real Estate Market. My goal is to be your expert in knowing the in's & out's of whats happening in the 12110 zip code for Real Estate.

THE HOME FIELD ADVANTAGE