May 29, 2009
May 20, 2009
May 14, 2009
May 12, 2009
Today, Bloomberg came out with a report summarized with this “Home prices in the U.S. dropped the most on record in the first quarter from a year earlier, led by California and Florida, as banks sold foreclosed properties.” I think this can be avoided at this drastic of a level. Banks are not doing all they can do to stop the foreclosure from happening. An agent in my office today was telling me a story about a property that was being negotiated via short sale. His client put in an offer of 153,000 to take to the bank. Months passed, bank chose not to respond and the property ended up REO. The same client was able to put in an offer on the property in the REO state, and got it accepted for 135K. Kudos to the buyer for getting what they wanted for better than they wanted.
What is it going to take, besides taxpayer money, to get these banks to understand that they benefit by streamlining and putting resources into the short sale process. It will help solidify prices in the market, move inventory, help their troubled clients, and avoid the dreaded foreclosure. See the links to two stories about foreclosures and short sales out today:
Home Prices in U.S. Drop Most on Record in Quarter
Short Sales: Banks Blocking Way Out Of Foreclosure Crisis
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May 2, 2009
I have an extreme interest in helping people find the getaway, self-sufficient and/or retreat property in the North Idaho region. With threats of worldwide flu pandemics and the uncertain state of the economy, you can’t help but at least think of alternatives for what a family would do if things turned violently ugly really quick. I believe that if you are confident in being in your own home and self sufficient now, you can fully engage in other aspects of your life more confidently i.e religion, family, business, friends. If you already have this mindset, you are ahead of the curve. For the rest, I classify these type of properties with the following attributes: acreage, private well, private water source (pond, creek), abundance of trees, off the beaten path, good sun exposure, and for the survival minded - easily hidden and defendable against hungry or hostile hoards. For more information on the perfect getaway property see the book “Rawles on Retreats and Relocation” at www.Survivalblog.com. Please see my list of properties below that I feel, fit the profile in the North Idaho region. The price ranges for a property like this (w/ home) start at $100,000 and go all the way up to 1 mil+.
http://www.flexmls.com/link.html?or4aufoxope,7,1
I can set your email address to receive any new property that comes on the market, the day it comes on the market. Just let me know if you would like to be added to this “Getaway” Property Alert. Further, let me know if you would like to preview any of these or…any other. Have a great weekend.
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