I just found out yesterday that grant money is now available. For more information on the program please visit my previous post: http://activerain.com/blogsview/631226/Funds-Available-For-Atlantic
For the last few months the county has been turning potential buyers away. But now funds are available. This is an awesome program. Also there is a $7,500 tax credit for home buyers if you buy now.
The opportunities in this market are amazing. Please call me at 609-338-3773 for more details. I will help guide you through this grant process and refer you to lenders who are experienced in helping make people's dreams come true through this program.
Best wishes,
Matt
As a real estate professional, I often get asked "How's the market?"
I've been struggling with what to say for the last two years. I could be optimistic and say that it is great. But for many people it is not a great market. There are people who can't afford their homes and are forced to do a Short Sale or go through foreclosure. But it's also not a bad market either. There are great opportunities for buyer's sellers and investors in this market.
On Thursday I listened to a coaching call with Keller Williams MAPS coach Tony DiCello who described our market saying that "This is a market of opportunity." Wow! It is a very simple and accurate statement.
Home prices are much lower and dropping. Interest rates are low and may still go lower. Inventory is up with plenty to choose from. Investors and home buyers have an incredible opportunity right now. This is a buyers market but sellers have a great opportunity now also. Sellers may be selling for less than they would have three years ago but they make up for it when they buy their next home for pennies on the dollar.
So please join me in describing our market as The Market Of Opportunity.
Best wishes,
Matt
P.S. If you or someone you know is thinking about selling, buying or investing in real estate please call me at 609-338-3773 so that I can help you or the people you care about take advantage of the opportunities in this market.
I got this graph from Zillow and it shows an interesting picture of the percentage of homes sold for a loss since 2001. AS you can see the percentage sold at a loss has increased greatly since 2007 and is at it's highest percentage in 2008. Many home owners who bought in the last few years have negative equity in their homes. Now if they have to sell they are either bringing money to the closing, going through a short sale or a foreclosure.
We have solutions to help people who are in a negative equity situation and may be forced to sell their home. Please call me at 609-916-7342 ext 704 for a free consultation.
Best wishes,
Matt
Here is another great graph that I got from Zillow giving an overall picture of our market. The blue line shows a change in home values. The light green bar shows positive median owner equity. And the small dark green bar shows the median down payment.
The positive thing to me is that many people still have positive equity in their home even if they bought at the peak. Unfortunately on the other hand, many people do not have positive equity in their home. Many have negative equity and owe more on their house than what it's current market value is. If you fear that you may have negative equity in your home please call me at 609-916-7342 ext 704 for a free analysis. We have solutions to help people that are in a negative equity situation. Call me today.
Best wishes,
Matt
Here is a great graph from Zillow showing the negative equity of owners who purchased a home in a given year from 2000 to 2008. It also shows their down payment as well.
As you can see owners who purchased in 2004 to 2008 have a good chance of having negative equity in their home. Current home prices are now at or near 2004 or 2005 prices in many cases. It is also interesting to take a look at the median down payment. The years for the lowest down payment were 2006 and 2007. Those years also have the highest percentage of negative equity. This year with the changes and tightening of requirements in the mortgage industry the median down payment is now almost 20%.
This graph is great at showing an overall picture of our market. If you are afraid you might have negative equity in your home please call me at 609-916-7342 ext 704.
Best wishes,
Matt
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I am a passionate, creative, well organized real estate expert. The Haviland Group's highly trained team works with home buyers, sellers and investors in Atlantic City and Atlantic County, NJ.
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