Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.

REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.

Visit www.REALonomics.net.

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What’s really happening in Real Estate Market

There is a lot of information in the media that may be misleading about what the market is really doing. Ever notice that BAD news seems to be front page and good news just gets an article on the middle /back pages. HEADLINES are grabbers and by their nature seem to spell doom and gloom.
Are there homes that are selling? Yes in every price range we continue to see homes sell.
Is this the right time to sell my home? Well that would depend on why you are thinking of selling. If it’s important that you move elsewhere , then it would be a good time to sell because that’s what you want/need to do.
Should I wait and get more money for my house? There are no guarantees that your homes price will go up in the near future, so if you want to move then move now. Remember that market prices elsewhere have fallen as well and so it’s relevant to the change. You may be selling for less today than you could’ve sold for a year or so ago. But you will be paying less for the home you plan to buy than you would’ve a year ago.
The rule of thumb is everything will sell if the price is right for the market. Many homeowners are focusing on what they missed by not selling a year or so ago.
Instead — consider what you bought your home for. Many homeowners are still able to reap a large profit on their home. IE: if you paid $100,000 it’s probably worth at least $200,000. That’s a darn good appreciation on your property.
Bottom line is meet with a good REALTOR who give you the honest truth about your homes value and likelyhood to sell. Get the true market price evaluation and listen to what the REALTOR says. Be cautious of an agent that tells you the price you want to hear , they may be looking to place a sign in your yard even knowing it won’t sell for that price range. They’ll hope to get a call from the sign and when the buyers shys away because of the price– they’ll say “But I’ve have others” . Your home may just be a place for that agent to hang a “billboard” that really advertises for them not you.
It is NOT a bad market, it’s actually a standard market. It just feels slow compared to the recent frenzy. Pricing right and making your home show it’s best will get it sold.

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Condos in Town?

Are there any condo projects in Lake Havasu City, Arizona and are there any that are on golf courses? What is the condo price range? Are there any age restricted condo communities?

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Real Estate Companies

Lake Havasu City has a lot of real estate companies. Which one is considered the best company according the Lake Havasu City, Arizona residents? Who are the best real estate agents in Lake Havasu City, Arizona? Historically, which company has been there the longest? Do any of the real estate companies also have title and mortgage companies?

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Foreclosures in Town?

Can anyone speak to the issue of foreclosures in Lake Havasu City, Arizona? Foreclosures are up around the country due to the sub-prime lending practices. Is there any foreclosure impact on real estate in Lake Havasu City?

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