Market Conditions - Anne Arnold, Holden Beach, NC, Realtor

Real estate expert Anne Arnold is reporting that There is good news for the Holden Beach market. Homes are selling! With inventory levels high, Buyers have many properties to choose from. There are 16 pendings in the Holden Beach area at an average asking price of $373,069, already showing reductions in prices of 13% before closing prices are published. This again supports the fact that buyers are reacting to perceived good values. With foreclosures and short sales continually on the rise, Buyers are attempting to take advantage for their "perceived value". Anne contines by saying that she doesn't know when the market will rebound and considering the current inventory levels it could take a few more years before enough inventory has been "sold off" to make a difference in the supply/demand curve. In today's market, she says, some sellers have chosen to reduce their price to encourage a buyer. Sellers that are at a point of not being able to manage the expenses associated with their investment have opted for approval of a "Short Sale". This is where they reduce the list price to try and sell quickly with the bank(s) agreeing to accept less than the mortgage amount owed. A Short Sale attempt could prove to be a better choice than proceeding with a foreclosure. So, Anne says, please discuss short sales with your accountant or tax attorney. And Rental Property is another option for sellers to weather the market and offset their expenses until the market rebounds. For more on the Holden Beach market, be sure to contact Anne today.

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YouTube | October 17, 2008

Tags:. .supports. .prices. .discuss. .quickly. .manage