MLS shows 21,500 active DET/ATT homes today. Amazingly, 5,900 of these are VACANT and 2,450 of the VACANTS have been on the market for 60+ days! That just about equals the meager closed sales counted for the month of May in this week’s negative article by the U-T.
Another .5 hike by the Fed may not raise the 30-year mortgage interest rates very much, but the fear mongering by the media (and a lot of folks on this Board) should soon complete the periodic transition into the new BUYERS MARKET.
Why use a checkbook to buy that good DEAL? Smart Buyers Agents will shore up decling price increases by asking SELLER’s of Vacant60 homes to do carry back notes against some of the owners ‘Fear Equity’. Proper matches of these buyers and sellers means great buys, mitigation of selling price loss, elimination of the pain of paying two mortgages, reduction of price “dumping” significantly below comps, and coming market stability that the media won’t discuss.
Opportunity knocks in a different way… Check out OwnerMayCarry.com for info and some potential SD Homes.
