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I'm writing an unauthorized autobiography.

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Has Real Estate Finally Hit the Bottom? The REAL question is "Should you really care?".
Sellers - Sellers need to decide if it makes a difference to them, if they have another choice, If it is better to hang on until maybe the 2nd quarter of 20??. Divorce, job transfer, retirement, and a host of other reasons could have sellers deciding it makes no difference as outside circumstances can have sellers feeling they have no choice or it makes no difference. They simply decided to sell. Many believe it will be better to 'hang on' until prices rise. Under some circumstances they could be making the best decision for themselves. IF they have time, probably a lot of time, prices could rise enough to make them happy all the while having a home to live in. This group makes the most sense if they are not going to buy another home or are moving to a location where home prices are lower. Waiting for prices to move up 20% in order to move up to a more expensive home is questionable. Waiting for a $200,000 home to rise 20% would add $40,000 to a sale price. If moving up to a $300,000 home that same 20% adds $60,000 causing a $20,000 loss over selling now.
Buyers - Buyers can gamble renting a while longer will be beneficial. Those only need to be concerned prices or interest rates rise quickly while lease locked. The non-gamblers can only see low prices with the added bonus of low interest rates. If they are looking for a home they are going to stay in for an extended time the main focus is being in the home they want. If during that time prices drop it is of no concern as they will probably rise long before they are ready to move. In the mean time they have a home, are building equity, and are receiving tax benefits. The worst possibility is waiting until both ptices and interest rates rise - a double whammy.
No one knows - No one really knows when prices will rise or if they have bottomed. It sure looks like they are close if not bottomed. Prices could also begin to rise soon but it has been written often the rise will come in time and OVER A LONG Time. Interest rates may easily begin to rise 1st. Housing cycles and only investors should look at real estate as an investment, especially a short term investment. It is being said now is a great time to be a buyer. Does anyone disagree?
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Now that Twitter and Bing are married, your micro blogging can actually score you some major SEO brownie points.
I tweet my blogs to increase my web presence. I simply go over to my outside AR blog roll on a regular basis, pull up an old post, shorten its browser address by using the bit.ly service, then Tweet it with an enticing by-line. I go back afterwards and analyze my statistics (Bit.ly will show you exactly how many people have clicked on that particular link). It works! Here is an example: Price it Well. Stage it well. Watch it Sell! http://bit.ly/E2xqT #RealEstate #p2

Now that your Twitter presence gives you Bing exposure, it’s a shame not to use it to drive traffic to your ActiveRain blog and to your website. BTW, if your blog roll is still called “Annie’s Blog” (or Suzy, or Stan), it’s time you change it to let people know what you do and where. Mine is Myrtle Beach Real Estate by Mirela Monte. Yours should certainly denote your area of expertise and your location.
How do I know this works? For starters, you can “Bing” Myrtle Beach Connection and find me on the first
page. I got there by using this method. Easy recipe: Blog on AR. Tweet your blogs. Watch your business explode. Just today I got two new leads from my Internet exposure. You want to know the best part about it? It is the most cost effective marketing I have in my arsenal!
For those of you still on the fence about paying the AR monthly dues to become a Rainmaker, think again! For every hour you’re wasting, there goes another potential client! No more excuses! Become a Rainmaker NOW! If you have no clue what Twitter is, here is a link to a blog where you can learn all about it. Please come back here and let us know just how well this works!
Mirela Monte, Your Myrtle Beach Real Estate Connection Join The Optimist Group!
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