What are you doing right now to get these guys off the fence? With the $8000 tax credit out there it is a great time to buy! If there was a way to get my ten year old son a loan I would sell him a house just for the eight grand!!! I know the market has been down in most areas but I think we are at the bottom, right? What are your thoughts on the market right now? I have been selling short sales and foreclosures but I think the first time buyers might be where it is at right now. Thoughts?
Buying ~or~ Selling?
Call or Email
Pete Elsner
Cell 314-852-3862
E-Fax 314-677-6501
Co-Owner/Agent
Keller Williams Realty St. Louis
Search all Homes at:
http://www.PeteElsner.com
I am just trying to get an idea of what you guys are doing with your short sales. How are you handling them? What are you doing when you receive multiple contracts? I just had one where I had two competing contracts and a couple of ticked off agents. Both contracts were close so we picked one and the other agent was mad and decided to resubmit a new contract at a higher price and told me I had to submit it to the bank. This agent was hoping the bank would overlook the first contract and pick theirs. My broker advised me to submit them both with the second contract as a back-up and let the bank decide. I know some agents who only take one contract and others who take as many as they can get with no signatures and just keep submitting them to the bank. What do you do? What have you heard is the proper way to this? I think this will be very helpul to all agents out there with all the short sales taking place right now! Thanks in advance for all your input. Pete
Buying ~or~ Selling?
Call or Email
Pete Elsner
Co-Owner/Agent 314-852-3862
Keller Williams Realty St. Louis
Search all Homes at:
http://www.PeteElsner.com
Happy New Year! It is going to be a GREAT 2008! My Dad(53 years in R.E.)always said, "Jan. 1st is the first day of Spring in the real estate market!" I don't know about you, but I am glad to say goodbye to 2007!
The real estate market was pretty rough last year. Although, not to toot my own horn, I still sold over 25 homes! (toot-toot!) Last year the home sellers still wanted top dollar for their homes, oblivious to what was going on around them. Most home sellers owed more on their homes than they were worth. The buyers were far and few in between. I think they hibernated all year! Now the Good News! The buyer calls are way up in the last Two weeks, with people wanting to go look at homes. Interest rates are still really good. I think the bad is behind us and home sales and values are going to start rising again. When you listen to the national news, realize the St. Louis market does not follow what is happening all across the country. For example, think of it like the weather, the temperature is not the same all across the country. It is 30 degrees in St. Louis and probably 60 degrees in Arizona! So, what is happening in Phoenix in real estate is not the same as what is happening here! So, what does this mean to you? I think now is a great time to buy! Most sellers have come down to earth on what their property is actually worth, and I have seen quite a few deals out there! If I had enough money, I would buy them all! If you are thinking about selling, it might not be a bad time to get your home on the market. You can beat out the people who will wait until spring to do so, less competition! So, whether you are thinking about buying or selling, if I can help you in any way, just give me a call. If you see a home you want to go look at, or you are curious what you might sell yours for, give me a call or shoot me an e-mail. I hope you and your families are well and I wish us all a very prosperous 2008! And remember, 2008 will be Great!
Pete Elsner has been a full time agent for over 10 years in the St. Louis, MO market. Residential, Commercial, Investment. Free St Louis MLS Home Search at http://www.homeinstlouis.com
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