December 2011 Report

I have been busy, with the holidays, some travel and business.  As far a current conditions in Polk County real estate, conditions remain about the same.   The expected increase in foreclosures hitting the market has not happened yet.  If you want to see the data for October as published in The Ledger, click here.

I have been working mostly with buyers recently.  I have been helping buyers find the right home for them and helping them negotiate the best terms and managing the process.

I think many people are not aware of is how much the time can vary from initial offer to final closing.  Recently, I had one  transaction that only took 7 or 8 days from the initial offer until the final closing.  In the second case, the initial offer has been made, and, if it goes through, may not close until next March.   In the first case, the buyer had everything in place and needed to move fairly quickly.  The second case is a short sale, a lot of time just waiting for the institution holding the mortgage to react, then negotiating back and forth, each step involves a lot of wait time.

This illustrates why you need to deal with an experienced Realtor, whether buying or selling.  One who will keep you fully informed, not just on the current status, but also what to expect going forward.

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