As foreclosed for sale prices pushed down the prices of all types of homes, the rent or buy decision is again becoming the focus of discussions among individuals, couples and families.
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From the category archives:
Foreclosure Business
Because of the sharp declines in home prices across the country, many underwater borrowers are thinking of letting their homes go into foreclosure and just buy another one.
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The nation’s economy will start to recover from the effects of foreclosed home list inventories in the next several months of 2009, according to a survey of 45 economists who are members of the National Association for Business Economics.
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In an effort to reduce the number of foreclosure filings in the state, North Carolina Governor Mike Easley signed into law three bills that will give homeowners a chance to win their struggles with foreclosure.
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Following up on potential buyers, contrary to what many people believe, should not only be done when a potential buyer says “Goodbye” after checking out the foreclosure property you are selling. You should know that the follow up process actually starts as soon as potential buyers walk thru the front door.
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Market conditions dictate who will have the upper hand. Right now, buyers have all the advantage. With the large inventory of homes for sale, declining home prices and sluggish home sales, you can expect buyers to have the leverage.
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Any consumer advocate will tell you that haggling is something usually encouraged. Some consumers feel like they are forcing the seller to negotiate, but this is not the case. Keep in mind that sellers usually have a wiggle room whenever they put a price tag on their products.
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