Monday, March 24, 2008

Housing Market makes the turn up this month

The housing market has reported growth from last month and is indicated a turn for the better. This doesn't mean we are out of the woods yet, but the has done well these past few days and oil was also dropping again this morning on the market. Interest rates are still very good, perhaps this is a real positive sign, just as it was for Bear Stearns with JPMorgan uping their bid to buy the company out to @ $10 a share from @ $2 a share.

Check out this AP Video on YouTube for more information.

Sunday, March 23, 2008

Who pays? Buyers Agency Part 1

Who pays the realtors or realtor when a house sells? The seller? Not if you ask me.

Think about it. You pay $215,000 for house, the seller gets around $200,000 and the realtor(s) split the other $15,000. If you just happened to meet this seller at the moment they decided they wanted to sell, in theory he would accept the same $200,000 he got in the above scenario wouldn't he? I think so, and you would have bought the property for $200,000, not $215,000.

So who paid the realtors?

Saturday, March 22, 2008

Gray and New Gloucester Maine Real Estate Deals

There are some great opportunities out there to purchase new homes for less than what you would expect to pay. If you want to see some of the great deals that are out the you can email or call me, or you can search for homes anywhere in Maine by yourself. I would not recommend just searching on your own, you should contact a qualified realtor who knows the area and knows what is going on in todays real estate market.

Finding a qualified realtor is not as hard as you might think. The hard part is realizing it may not be your wife's friend who just got liscensed last month, and explaining why you didn't choose to use he or she. Face it, everyone pretty much knows or knows someone who does know a real estate agent. In 2004, people where signing up and getting licensed trying to get in on the booming market. Longevity in this business is tough, most don't make it more than a year or two. Many experts are predicting that 35 to 40 percent of the agents will leave the business over the next two years. So pick a realtor or Agency that has been around and has some experience in selling real estate in Gray, Maine or what ever the location is that you are searching to purchase in.

This is a great time to buy a home. Interest rates are still low, inventory is good, and sellers are willing to negotiate with qulified buyers. Vist us at
Five Star Realty located in the center of Gray Maine.

Thursday, March 20, 2008

Has Real Estate Market finally turned?

Market trends are starting to indicate that perhaps the worst could be over. The market is still a buyers market. Interest rates should flexuate around 6%, although many people are hoping to see them drop closer to 5%. As of today they seem to be around 5.8%. Check your current local rates and learn about what options you may have to save yourself money.

The dollar is gaining momentum, but many strategist feel we could see a lot of volativity over the next few weeks.

The housing market has declined in the northeast region by approximately 4% in January alone. Lower rates and higher loan amounts do appear to be jump starting the spring market.

You can search for New Homes/Land for sale in Maine by visiting my website and click on the Search New Homes/Land tab located in the center of the website.

Oil prices take a slight it enough.

Not so much the who, but more the what and when? Exactly, what is going on with oil prices and when are they going to come back down to reality! Lower oil prices in Maine seem to be a long way off. A barrell of crude oil did take a $3.00 drop on wall street and fell below a $100 a barrell. Hopefully we will see this in gas prices throughout Maine. For more information about how this is may help or hurt our economy you can learn more about where current oil prices stand on the market by visiting CNN or CNBC.

How does this helpinterest rates and when the Fed made another 3/4 point cut this month, did you end up a winner or a loser.

Currently homes for sale in Maine have taken a drop of about 3% over the last few months. This also helps to make it a great time to buy or invest in Real Estate. There are a number of reasons to buy, but here are ten great reasons to get into todays market. There are also some great advantages in hiring a real estate agent to work for you. Check out a few these reasons to hire a real estate agent.

On another note. The Boston Red Sox are heading to Japan to get ready to start the MLB season. Go Soxs!