More on Short Sales and acting now

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In my prior message about acting now probably the greatest  variable is whether the market has hit bottom. One could make a case that the interest differential allows for quite a bit of leeway there, but the question remains.

My gut sense is that it is now flat in King County for the most part and will start its inexorable upward climb in 2011. Not everyone agrees.

The number of foreclosures is a major factor as they tend to drive prices downward both in the general look of neighborhoods and the lower prices fetched by bank owned properties.

Good news on that front--- there are new practices and incentives coming in mid 2010 on Short Sales which should make them much more do-able---- lessening the percentage that reach foreclosure. A good thing. For the lowdown see the link below.

Like William Shatner always says on twitter. My best,

Donald

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Date: Thursday, February, 25th 2010 @ 12:39:25 PM
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