Market Landmarkes

Market Landmarks
Normally this blog talks about international issues and properties. I think market landmarks are approaching for many areas in the USA. Many of the properties on the market are fairly priced or under-priced. They are suffering from the general hysteria. Watch for good properties that have been on the market a while. Talk to the listing agent or owner and get their opinion on why the property hasn’t sold. Investigate the reason for validity. Do a rental analysis to see if the property will support itself during a holding period. Make a low but reasonable offer.
I think the market in general will come back strong within 6 to 10 months. The demand is still there. Fear has paralyzed the market.
The exceptions to this condition are the properties in neighborhoods with a lot of foreclosures. Many of these properties are being purchased by investors. They will become rental properties. Many of these properties were shoddy construction to start with. Life as a rental home is not easy even for quality properties. I doubt that these neighborhoods will ever recover totally and even when they do, their appreciation will probably be less than the general market.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com