Monday, July 28, 2008

It's been awhile!

Well it must be picking up since we have not had the time to post latley. It seems like a little more work getting the properties closed in this market, but they are definatley selling. It seems that every year 4th of July hits and people start to take more vacations and realize that summer is getting closer to an end. This is a normal slow time in the market.





-On a more personal note, we had decided to take a family vacation camping. (Yes, Mary does camp!) It was a much deserved rest for the family and good to get together.

Now that we are back and refreshed we are ready to go! If you've read the papers lately

you are possibly worried about your biggest investment. If you are not selling at this time you

have nothing to worry about. If you bought 4 or more years ago you are more than likely still okay provided you didn't but a town home. The town home market has sunk deeper than the

single family home. When you read a 13 - 14 % decline in home prices you should take into consideration that the averages include a mix of townhomes and single family homes.

If you are really concerned call us and we'll be happy to do a market analysis of your home.

This is the latest - If you are an FHA buyer who wants to use the gift program for your down payment you may want to know that in September that program will go away. At that time you will be required to put 3% of your own money into the property. You will be able to get a gift from family however, but most of you do not have parents who give you downpayments.
So the bottom line is to buy sooner not later.
Any questions please call and we can help you figure it out.
Have a geat week!!!!

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