by Norman on July 19, 2010
Still a tough market.
Words of wisdom: Listen to your Realtor. If he or she isn’t talking – get a new one.
Getting your home sold requires effort. If you have your home on the market and there are no showings – there could be a number of things wrong. Price, condition (people see the photos online), poor marketing (poor photos), bad location or all of the above.
To get your home sold now for TOP DOLLAR, your home has to have “WOW” factor. No “wow” factor and you’re just a plain Jane!
Granite, travertine, stainless appliances, iron stair railings, pendant lighting, paint that “pops”, exciting decor all sell homes. Have one but not the other? Probably not enough WoW to be considered. How about your furniture? Not up to par? Then get new or vacate. You’re not selling your furniture but neither are the new home builders. They’ve got furniture and they didn’t put in the old stuff.
It costs to sell a home. It may cost you even more if you don’t get everything done. Reduce the price by $10,000 after 90 or 120 days? Why not spend that up front and get the home sold NOW!
I can Help you! We can get estimates for everything. We can install. You’ll be on your way to selling your home in no time! Improving your odds to sell is the smartest and best way to outsmart the competition.
by Norman on July 9, 2010
Mortgage Market Report - Weeks Wrap Up
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Not much news this week, aside from the Lebron James announcement...he's
going to Miami if anyone cares...
The biggest news this week was the Initial Jobless Claims report on
Thursday which was a little better than expected. "Just" 454,000 people
filing first time unemployment benefits . But that was a bit better
than the expected 465,000 and somewhat better than last weeks 472,000
first time filings. And with tensions simmering down overseas, the
stock market mustered a rally and has closed today above 10,000 again,
settling at 10,198 ( DOW Index ).
Boosting stocks were also comments coming from the Wall Street Journal
that chances of a double dip recession are "exaggerated. Normally,
soaring stock prices are a damper for bonds and mortgage rates, but
mortgage bonds held their own. The employment market is still vastly
week and still no real signs of economic improvement which is keeping
bonds favorable and rates low. However, these ultra low rates will not
last forever and any catalyst seen with economic improvement will send
rates upward and possibly in a hurry.
I expect to see a continuing see-saw with stocks and bond prices in
coming weeks which should keep mortgage rates at bay. The markets are
itching for any reason to rejoice and just a glimmer of hope will send
stocks higher as we saw this week. But until we see data that shows
sustained improvement, bonds and mortgage rates will benefit.
The Obama Adminstration lost its bid to reinstate the moratorium on
offshore drilling in Federal Appeals court. However, Interior Secretary
Kenneth Salazar, plans on coming up with a new plan and issue a new
moratorium. While the 33 exploratory wells could resume drilling,
companies may not bother with the expense of start up costs with the
future still in limbo. As such, the threat of additional lawsuits to
reinstate the moratorium is effectively establishing a de facto
moratorium.
Stay tuned, next week we have Retail Sales Report and the Consumer and
Producer Price Index which are always tide changers. Plus, the reality
is that Europe still has a long way to go and now whispers that Italy
may be the next European country to announce debt problems.
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