Not a week goes by that I do not talk to some buyer prospect who states their interest in buying a distressed property. Word on the street is that these foreclosures, short sales, estate sales, HUD and Fannie Mae homes and the like represent the best deals the market has to offer. But is this true? Here are some quick hit random thoughts that I usually end up discussing (in no particular order):
When meeting with a new seller client one of the first questions they always have is: "What do I need to do to get my house ready for showings?" Every house will have varying levels of de-cluttering, cleaning, painting, repairs and updating. And most people want to stay focused on interior improvements. But, the number one thing that every house needs is immaculate curb appeal.
One of my favorite blogs, Calculated Risk, recently posed ten economic questions to ponder for 2011. Here are my quick hit answers to some of those questions:
1. House Prices: How much further will they fall and will they bottom out in 2011?