Monday, January 12, 2009

A step by step approach to buying and selling real estate in today's market.

Let’s start with selling…

The market is soft on pricing. However, inventory is low and interest rates are low also. The lenders are becoming easier to work with daily as they feel the pinch of not having any new business. What do you do if you have to sell a home? Look at three things. What is your equity, realistically? What can you buy that’s better, better location, condition, size, amenities. Can you add any cash of your own to really come out ahead on the purchase? The truth is there are some great deals out there right now, some of them don’t look like it until you do a little research. The short sales can be good if you are patient and structure it carefully. But sellers are starting to put their homes on the market for really great prices and they are being snapped up, too.

The best way to look at this is to keep in mind that these are long term decisions. If you knew you could buy a home at between $500,000 and a million less than the last sale in the neighborhood would you find a way to buy in the best and most stable neighborhoods in Marin?

Feel free to contact us at our website for any more information at http://www.marinrealestate.net/.

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