The market in the North East will normally take a slumber over the Holidays.
There are seasons for everything, and real estate is no different.
The sellers who failed to get rid of inventory will need to delay gratification until we get into the New Year.
If you are one of them, resolve to be ready.
The biggest loss in this business is not just money, but time.
When the market is there, we need to be among the other opportunities available. Normally that means by mid March homeowners need to be prepping their homes for the Buyers.
Between now and then we can help you get ready.
Interacting with banks lately has proven to be frustrating. The beaurocratic process moves at a glacial pace, with a disconnect between sellers and current lenders making buyers jump through hoops.
These may be some trends that emerge in the coming year. Shadow banking is a potential double edged sword, so staying aware of that recent development in financing.
Allow extra time for last minute requests from lenders if you are in a transaction on deposit. The mood swings like a pendulum from easy to hard, and currently we are still in the difficult phase after too much leniency. Get documents in order, do the minor repairs, and come up with your plan.