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It's A Buyers Market. So,
When Are You Going to Buy?
A
buyer's market is
technically defined as: "A
market condition
characterized by an
abundance of goods available
for sale."
The in-depth
definition from the same
source is: "When a buyer's
market exists in
commodities, the buyer is
able to be selective in
purchasing contracts, as
there are many individuals
wishing to sell.
Furthermore, these buyers
will generally be able to
purchase contracts at lower
prices than those that were
previously prevalent."
The simple version is:
when no one else wants a
product of value -- buy it,
because the price will be
lower whereby you'll be able
to maximize your investment
for future gain. In essence
-- buy low, sell high.
When it comes to purchasing
real estate, it's not as
easy as investing in your
401K or savings account.
Those are simple. You can
select as little as $1 to
invest each
CONTINUED >>>
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Metro Atlanta Report: A
Great Time to Buy,
Consumer Confidence is
Up
September ended what may
be the worst
year-to-year quarterly
(July-September)
percentage change in
single family units
closed that will ever be
reported. At least I
hope so.
There were 4,017 units closed for all single
family in September.
This is a 39.6% decline
from September 2006.
Plus, last September was
our first year-to-year
percentage decline
reported during our
housing recession.
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Don't Let Home Heating
Wear Out Your Wallet
As
sure as year-end holiday decorations hit
the stores months early, the annual home
heating fuel cost forecast will put a
damper on season's greetings.
The U.S. Energy Department's (DOE)
2007-2008 "Short Term Energy and Winter
Fuels Outlook" is bleak thanks to both
colder weather, than last year and
record high fuel costs.
Without the cooperation of Mother
Nature and oil barons, conservation,
weatherization and other fuel saving
techniques will be key to saving on
heating costs this heating season.
Overall, when the four most common
types of central heating were considered
-- oil, natural gas, propane and
electricity -- the DOE said the average
cost of heating homes during the heating
season will rise nearly $90 or 10
percent this winter compared with last
year.
Households warmed with heating oil
will really get burned. The average
heating oil bill is expected to rise by
a whopping $319 this heating season,
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Safeguarding Your Mortgage
Application Takes Commonsense
There
are several factors that affect the real
estate market as a whole. These factors
can make the national market swing
upward or downward. One is the
employment expansion/shrinkage in the
job market; secondly, is the
availability of money to consumers;
thirdly, is the size of the real estate
inventory. When all of these come into
alignment, you have a killer market that
nothing can stop.
When one gets out of kilter, it
can make the market stall, shrink or
halt no matter how strong the other two.
It's a three-legged table, as it were.
This is why even though you'll hear the
stories nationally about real estate,
it's not a national phenomenon. In the
past year, 13 states have seen home
sales price appreciation of more than 5
percent (National Association of Home
Builders), as well as the number of home
sales beating out the year before.
Real estate, like politics, is
local. So before you get excited or
scared about a particular housing
market, look and analyze what's going on
locally to make a decision. With that
said, there is a factor in preparing for
a home purchase that both buyers and
sellers have complete control over.
Nothing about interest rates, inventory
or employment
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Our
"PERFORMANCE" Guarantee
Your Home "SOLD AND CLOSED" in
120-Days or I Will Buy It. Home
Buyers Receive 1% of the Sale
Price Cash-Back at Closing.
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Winterize Against
Pesky Intruders
Here's
another reason to plug holes, stop gaps and
otherwise winterize your home.
Pests that get in can be just as expensive
as heat that gets out.
The National Pest Management Association (NPMA)
says the last thing you want in your home for
the holidays are the kind of unwanted guests
that can turn out to be real creeps.
Roaches can trigger asthma. Mice can gnaw
through electrical wires and insulation. So can
rats. All three will get into your pantry.
Yeech.
Unfortunately, just as you want to stay
inside where the warmth is delightful, so do
vermin and they can be quite frightful.
"Pests adapt to the changing environment
and seek refuge indoors during the colder
months," says Cindy
Daily News and Advice
Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.
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Average Selling Price |
Average Sale to Listing Price |
Average Days on the Market |
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David
Gibbard |
$309,663* |
99.51%* |
34.5
Days* |
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Top 6 Agents (average) |
$282,079 |
96.54% |
77.9 Days |
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Difference |
$27,584 |
2.97% |
43.4
Days |
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Well Know TV & Radio Ad Agent
(applying for a job to be your realtor) |
$264,373 |
99.19% |
106.6 Days |
* Not one of the top 6 agents out performed
David Gibbard’s sales results in any category.
Data Source: First Multiple Listing Service
(FMLS)
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