A Glance At Short Sale And Real Estate Data

Short Sale Shift

Statistics are essential in the real estate industry because they can give you an accurate picture of the present real estate market. Even with the negative things in the news daily, it's hard to recognize precisely what is happening in your area.

The data are critical so that we, as real estate specialists, can tell the purchasers and sellers that we deal with what could potentialy occur in the real estate market. Minneapolis statistics are actually very similar to nationwide figures. As in most markets, the tax credit that just expired has radically impacted the real estate market. The week that the tax credit expired, our local market saw around 1500 houses sold with the weeks prior to that averaging around 1200 homes sold. To put that number into perspective, over time the average properties sold in the Minneapolis market per week is approximately 1000. Yet, with the tax credit now expired, weekly numbers have dipped to approximately 650 properties sold per week.

As the purchasers are lessening each week and fresh listings continue to come on the market, things will almost certainly get tougher for sellers. We think that it is a excellent time to acquire a property. While there are a lot of worries with the market right now, interest rates are at an all-time low and house prices are lower than they have been in decades. The affordability index in the Minneapolis vicinity is currently at 200%. That means, based on the median income in the Minneapolis neighborhood and current property prices, most people can afford to acquire two houses!

We are very much in support of buying in this market. The homes per buyer last year at this time was 5 to 1. Basically, for each buyer looking for a house, there were five homes on the market. This year, currently, that ration is 8 to 1.

Regardless of your position, be proactive approximately this process. Waiting to sell your home will only extend the problem and waiting to buy a house could cost you more money in the future.

Minnesota Short Sale Shift can answer your questions. We are Minnesota's Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Too many homeowners have had traumatizing experiences when trying to sell property. Fickle and demanding customers rank among the most annoying obstacles that homeowners may face when attempting to sell property they own. Many homeowners find themselves asking the question, ‘Why is it so difficult to sell my house?’ The simple answer to that is because they are not going about it in the right way.

Often, homeowners selling property are doing so because they are in some sort of financial trouble. As was discovered during the subprime mortgage fiasco that rocked America in 2008, many property owners overextend themselves on mortgages to purchase their homes. Even now, there are sure to be homeowners who have bought their homes through loans that they cannot really afford, and are desperate to sell their homes in order to avoid higher interest rates or even repossession of their homes.

The problem, however, is that selling houses can sometimes be more painful than banging your head against a brick wall. Often, the cause of this frustration are the potential buyers. Too many real estate owners have found themselves have found themselves thinking, ‘I finally managed to sell my home!’, only to have the buyer call back sometime later and back out of the deal.

Other buyers set multitudes of conditions for the sale, such as demanding that the entire home be refurbished before they will consent to purchase it. Some potential buyers even go so far as to ask that new furniture be purchased at the real estate owner’s expense before they will buy the home. All of this is enough to hound any homeowner to an early grave.

Sometimes, however, there demands are justified. Some real estate owners who need money very urgently may not have had the time nor the resources to refurbish their homes, and their real estate may be in a condition of disrepair. Most potential buyers will refuse to even consider buying a property that does not look brand new or close to it.

So what can you do if you really to sell your property but have met with nothing but failure? You turn to Easy Home Sales, the South African company that specializes in buying homes from homeowners in distress. With Easy Home Sales, selling your house need not be a painful process at all. In fact, there is absolutely nothing about the process that can be described as painful.

If you are too busy to entertain potential buyers, have not had the time to refurbish and repair your home, or have simply been unable to find any buyer for your home, then all you need to do is give Easy Home Sales a call. A professional property buying company will make the process of selling your property quick and simple. All you need to do is agree on a price, hand over the title deed, and walk away with all of that extra money in your bank account. If this seems too good to be true, then why not give them a call. You will definately not be disappointed.

  

Switch to our mobile site