I love the saying first offer is usually your best offer because it is amazing how often it rings true. It is equally amazing how often sellers don’t listen to that saying and end up not making a deal with the first offer and end up settling in the future for a worse offer. Sellers will make this mistake because they put their property on the market, immediately get an offer and think that since they got an offer so quickly, their property is probably under-priced and there will be many more offers to come, so they will hold out for a better offer. In most cases, this is flawed thinking because what is actually happening is a buyer has been sitting on the sidelines waiting for just the right property and right when the property comes on the market, this individual buyer steps up and makes an offer. So, the point is, if you get an offer right away, don’t think it is because your property is under-priced, think that it is properly priced and a specific buyer has been waiting for just your property; first offer is usually your best offer…
J Pepper Frazier Company just successfully brokered and closed another short sale on Nantucket-70 Pochick Avenue. Although I was working on the deal for 6 months, once Chase assigned the case a negotiator, in the sixth month, I was actually able to communicate with someone and move the deal along smoothly, basically as a conventional deal. The lenders are finally putting set systems in place to process these short sales; Chase has a whole team of negotiators that will actually call you, Bank of America uses a system called Equator where one can actually see updates and get instructions for the next step, other lenders have their own processes. None of these systems are perfect, but they are a far cry from how the short sales used to be handled. When the short sales first started appearing on Nantucket, about two years ago, closing the deal was very hard because the lenders had no system in place to handle the deals and many times the property would end up going to foreclosure and be bought at auction for a lesser price than what was offered with the short sale-definitely not in the shareholders’ best interest… The last month of the 70 Pochick Ave. deal was refreshing to see that the lenders are finally stepping to the plate to get the short sales processed. We need the shorts sales and foreclosures out of the marketplace to get back to a healthy market-seems like we are getting closer…
According to LINK, Nantucket’s MLS system, $448,895,872 total Nantucket real estate volume closed in the first three quarters of this year with an average days on market of 251. This is compared to $237,308,238 total Nantucket real estate volume for the first three quarters of ’09 with an average days on market of 223. I’d like to see DOM down, but I am very happy with the volume. As people have been known to say about the Nantucket real estate market, last one into the bust and first one out. If you want access to LINK, please contact J Pepper Frazier Company.
The Nantucket Real Estate market continues to gain strength. Listings that are currently posted on the MLS as having accepted offers or purchase and sales agreements equals 9.8% of the total property listings. This is up from 8.5% one year ago. So, the market is 15% stronger than it was one year ago at this moment. This is great news as September and October are traditionally the strongest real estate months on Nantucket measured by volume. Also, the first three quarters of ’10 were much stronger than the first three quarters of ’09.
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Mobile (256) 749-6634
Office (256) 212-1436
Home (256) 825-9223
Russell Lands, Inc.
2544 Willow Point Road
Alexander City, Alabama 35010
Spanish property for sale on the Costa Blanca and Costa Del Sol. We specialise in helping buyers from all over the world to find their ideal Spanish villa, apartment, off plan property, investment property or golf property.
Buy and sell real estate in the Victor Valley.
Victorville homes are convenient for commuting to San Bernardino and Riverside counties because they are located within easy reach of the 15 freeway or Highway 395. New construction of Victorville homes is taking place predominantly west of the freeway. Owners of Victorville homes have seen 30% – 40% annual increases in their homes value in the last few years. Changes in the area bringing increased employment bode well for a bright future.
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Chicago And Suburbs Largest Real Estate Portal – Free Property Search And Resources
LizsHomes.com is the leading online source for Chicago and suburbs real estate. We offer FREE up-to-the-minute live MLS property search and resources for home buyers and sellers. Find your dream real estate listings. 20 years of real estate experience.
Who am I?
A tri-lingual, full time real estate Broker, fluent in English, Polish and Russian, licensed since 1983. I specialize in residential and investment real estate sales.
Chicago, Big Oaks, Jefferson Park, Portage Park, Gladstone Park, Oriole Park, Edison Park, Norwood Park, Dunning, Schorsch Village, Belmont Heights, Hiawatha Park, Cragin, Montclaire, Old Irving, Mayfair, Forest Glen, Edgebrook, Sauganash, Albany Park, Hermosa, Ravenswood, Lincoln Square, Rogers Park, Logan Square, Avondale, Gold Coast, Old Town, Lincoln Park, Lakeview, Niles, Park Ridge, Des Plaines, Mount Prospect, Morton Grove, Skokie, Prospect Heights, Wheeling, Glenview, Arlington Heights, Rosemont, Elk Grove Village, Schaumburg, Rolling Meadows, Elmwood Park, Schiller Park, Franklin Park, River Grove.
Graduate of University Of Illinois
Northern Illinois Multiple Listing Service
MAP Multiple Listing Service
Chicago Association of Realtors
What my past clients say about me:
“I interviewed a minimum of 20 real estate agents. Liz’s interest were in selling our home, she would not compromise her convictions and knowledge for a quick commission”
– Sherry Ann L.
“Thanks for all your hard work and help. We really appreciate you going to bat for us”
– Roy and Randi D.
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