This year as well as the previous couple of years has been a year of uncertainty in the real estate market. As a homeowner wanting to sell, hard to believe that your investment is not as stable as you thought it always would be. Many homeowners, in order to sell their home, are settling for less, sometimes far less than what they paid for their home.
It has been several months since my last post. Real estate has been on a rocky road for a long while now. As I see it, there is not a turn around point yet in the market.
We are fast approaching another Thanksgiving Day coming up this week. It is hard to believe another holiday season is upon us. I would like to thank my Lord for His many, many blessings upon my life and family members. A special thank you to my son (in law), 1st Lt. Richard Dunkin for serving at this time in Afghanistan.
August home sales is the second worst month since 1964. Another indicator that the recession, according to the government was over mid 2009, has not been reversed.
According to the National Association of Realtors, existing home sales dropped sharply lower in July 2010 following the expiration of the homebuyer tax credit.
The real estate market nationally as well as locally, in my opinion, is still on a roller coaster ride. Many homeowners hoping to sell are realizing that they may have to take less for their home if they want to sell it. When this happens several times in a given area over a period of a few months, it drives neighborhood values down.
Until a few days ago, I never heard of this phrase. It is referred to in the web business as SEO. I really don’t know how to explain it and probably anyone reading this knows more about it than myself.
Tomorrow, Tuesday, I will be appraising two Muscogee county properties. One is for the homeowner for a refinance and the other is a REO property. REO is short for real estate owned and that in other words is a bank owned property. REO appraisal work is a good source of business for me. I like doing them for each one is unique and challenging. Until next time, so long.
OK, here I go. This is my first attempt at entering a blog update on the new and improved A-1 Appraisal Service web site. This blog will continue to be updated hopefully on a regular basis, meaning at least once a week
This is the new and improved A-1 Appraisal Service web site. My main area of real estate appraisals are in Muscogee and Harris counties in Georgia. Other surrounding counties are covered on a ‘as needed’ basis, depending on your need or mine.