Rowdy Adams

Well, I wanted to talk to you today about the many aspects of working this market. So, here we go. First of all let me say it has been an interesting year to say the least. I have lost a lot of deals due to the mortgage market. Hard money lenders and sub-prime lenders have disappeared overnight and over the last few months. This is just a bump in the road that will straighten itself out over time. It is already starting to stabilize somewhat. The strong will survive and the weak will perish. So the saying goes. For those people out there with good credit a decent job and income this is not a problem for you. Interest rates have come down and know is the time to strike. Prices have stabilized in the valley and will continue to improve as inventory shrinks as builders cut back on build jobs. I don't see the prices slipping. I still see appreciation, I be it small but still its there.

The For Sale by Owner market is really tough. Just a year ago they would tell you that they didn't need you and know they are looking for us. I have turned down many listings because of unrealistic sellers that haven't come to grips with the fact that we can't sell an overpriced home. Just isn't going to happen!! So Sellers are getting smarter and offering many more incentives without batting an eye. Paid buyers closing costs, free BBQ, free Plasma TV, and so much more. They realize that the time has come to creative.

Now, Investors are the smart ones here. This is when the wise and smart investor is going to get rich over the next few years. They are buying up every good deal that they can find because they know that in the end prices always come back. It might take a few years but they know. This is when the rich get richer!! If you think you can't invest you are dead wrong. There are so many creative ways for the average joe smo to make substantial sum of money over the next few years. I hope all of you out there are getting on that bus to financial freedom. If not you are missing out on a brighter future. One mans misfortune is an others fortune!! Plain and Simple!!

The overall economy in Idaho is great, it is considered one of the best if not the best economy in the country today. Record unemployment 2.3%, that means 97.7% of the people here have a job!! WOW, that is impressive. OH, but people listen to the media and the sky is falling. Don't buy it, All economies are 80% in your head, 20% fundamentals. So I believe.

So I am out there finding the deals that owners will carry, foreclosures, short sales, closing costs paid, Rebates and so much more. And you know what? THEY ARE OUT THERE FOR THE TAKING!!