Short Sales 101 - Response to The Daily News article

There was an article in The Daily News newspaper about the emergence of short sales in this Sunday's paper. (Jan 3, 2010 issue) I found that the article was not 100% accurate. It said that short sales only involve your primary residence and that is not the case. Also that short sales can only occur on properties less than $729,750 which is also not true. The thing to keep in mind when shopping for a home, even as a buyer, is that you need a really good agent who resonates with you and is knowledgeable. It will not only make the process much more fun but it will also save you $$$$$$$$$$ :) OH YA!!!!

"SUMMER" BUYING

Traditionally in real estate things slow down for the summer especially around the holidays but this year things are different. There are several explinations for this, one of the is weather. We as human beings are completely affected by weather. This unseasonably cold and wet "summer" changes our focus from usual summer activities and puts us more into the spring/fall mental timeframe. Add to that mix the fact that many foreclosures and short sales are coming through on wide range of homes and you have a recipe for deals and as George and Weezie used to sing, "Movin' on up!" Deals like the ones I'm seeing are some of the best deals I have ever seen! This is the time that most investors dream about. If you are about to enter into that world remember that the number one rule in real estate is still location, location, location!