Monday, March 31, 2008
New Blog Site
We have a new blog site where we will be posting http://andoverexpert.featuredblog.com/
Monday, March 17, 2008
I was looking at the most recent data on sales, under agreements and current inventory and was surprised by a recent change. Given the market shift we have been experiencing I was surprised to see that upper end homes are selling...and relatively quickly. In Andover, MA our current absorption rate is approximately 5 months* for properties with an asking price of between $700,000 and $900,000. *(meaning based on recent sales and pendings from MLSPIN we have approximately 5 months of active inventory currently for sale). There are many great opportunities for buyers and the low inventory in certain price ranges creates a perfect opportunity for some sellers as well.
Check out some of the luxury homes currently offered for sale here Luxury Homes For Sale
Mark Gracy
The Gracy Team
Keller Williams Realty
GracyTeam.com
(978) 984-3107 Office
(978) 861-4016 Direct
mark@gracyteam.com
Check out some of the luxury homes currently offered for sale here Luxury Homes For Sale
Mark Gracy
The Gracy Team
Keller Williams Realty
GracyTeam.com
(978) 984-3107 Office
(978) 861-4016 Direct
mark@gracyteam.com
Thursday, March 13, 2008
Loss Mitigation Certification
Yesterday my transaction coordinator and I completed certification in Loss Mitigation a present and growing change in the face of the real estate market.
The course gave us additional tools on how to work effectively with complicated transactions involving foreclosures, short sales, properties at auction or bank owned (also known as real estate owned or REO), and how to protect buyers and sellers as they work through the process.
Taught by national and local experts in loss mitigation, Val Gehringer, Linda Kody and Wayne Robison, the course equipped us to deal with short sales on both the buying and listing side; additionally we learned best approaches to lenders; and are prepared to assist clients with the complicated information they will be required to produce. Unfortunately since not all short sales avoid foreclosure, we also learn the auction process including viewings, financing, and bidding. These types of transactions are difficult on the parties involved and we are now better prepared to assist, council and guide our clients and help ensure a smooth transition and new beginnings for the parties involved.
If you know someone who could use our assistance in guiding them through their options and opportunities please give me a call at 978-861-4016. My team and I look forward to being of assistance to you.
Wednesday, March 12, 2008
Shift Happens - Real Estate Opportunities in a shifting market
Shift Happens
Undoubtedly, as many of you have heard in the media, the real estate market is BAD. But I say “its unbelievable”. You might say “What does that mean Mark?” In a downward trending market the opportunities are staggering.
Over the past few years the inflated housing market has precluded many people from making investment property purchases. Any financial planner would tell a smart investor to diversify their portfolio. How many properties, for your retirement, do you own?
At present the prediction for the correction of the housing market is somewhere between 2010 –2015. BUY LOW SELL HIGH, isn't that the rule for any investment. The market is ripe for investing now! Not in recent history has the housing market been on a downward trend with all time low interest rates, allowing you to get great buys using cheap bank money.
You might say “ Well Mark if we are still in a downward trend shouldn't I wait till the market bottoms out and purchase then?” How do we know when the market will hit bottom, maybe its already there. Real estate is a micro market and many areas have seen increases in sales price over the last month. Additionally, If you wait what will the interest rates be then? You can never completely time the market. One thing is for certain - as any serious investor will tell you - Now is the time to buy!!!
Sellers don't be discouraged because if you Sell in a down market you will also buy in a down market. And if you don't need to Sell, sit tight. Real Estate is cyclical and right now we are in a shift.
But let me tell you
SHIFT HAPPENS!
Undoubtedly, as many of you have heard in the media, the real estate market is BAD. But I say “its unbelievable”. You might say “What does that mean Mark?” In a downward trending market the opportunities are staggering.
Over the past few years the inflated housing market has precluded many people from making investment property purchases. Any financial planner would tell a smart investor to diversify their portfolio. How many properties, for your retirement, do you own?
At present the prediction for the correction of the housing market is somewhere between 2010 –2015. BUY LOW SELL HIGH, isn't that the rule for any investment. The market is ripe for investing now! Not in recent history has the housing market been on a downward trend with all time low interest rates, allowing you to get great buys using cheap bank money.
You might say “ Well Mark if we are still in a downward trend shouldn't I wait till the market bottoms out and purchase then?” How do we know when the market will hit bottom, maybe its already there. Real estate is a micro market and many areas have seen increases in sales price over the last month. Additionally, If you wait what will the interest rates be then? You can never completely time the market. One thing is for certain - as any serious investor will tell you - Now is the time to buy!!!
Sellers don't be discouraged because if you Sell in a down market you will also buy in a down market. And if you don't need to Sell, sit tight. Real Estate is cyclical and right now we are in a shift.
But let me tell you
SHIFT HAPPENS!
Tuesday, March 11, 2008
35 McKenney Circle Andover MA Real Estate for sale
Andover MA Just Listed 35 McKenney Circle Andover
Over 4000 square feet of living space, 4+ bedrooms, huge master suite. Check out more details, photos and tours at our website
Check out this video tour
MARK GRACY
THE GRACY TEAM
Keller Williams Realty
(web) www.GracyTeam.com
(mail) mark@gracyteam.com
(direct) 978-861-4016
(office) 978-984-3107
FIND YOUR PERFECT HOME. SEARCH ALL OF MLS FOR THE HOTTEST NEW LISTINGS IN MA AND NH AT www.SearchMLSMA.com
Over 4000 square feet of living space, 4+ bedrooms, huge master suite. Check out more details, photos and tours at our website
Check out this video tour
MARK GRACY
THE GRACY TEAM
Keller Williams Realty
(web) www.GracyTeam.com
(mail) mark@gracyteam.com
(direct) 978-861-4016
(office) 978-984-3107
FIND YOUR PERFECT HOME. SEARCH ALL OF MLS FOR THE HOTTEST NEW LISTINGS IN MA AND NH AT www.SearchMLSMA.com
Shift Happens!
Shift Happens
Undoubtedly, as many of you have heard in the media, the real estate market is BAD. But I say “its unbelievable”. You might say “What does that mean Mark?” In a downward trending market the opportunities are staggering.
Over the past few years the inflated housing market has precluded many people from making investment property purchases. Any financial planner would tell a smart investor to diversify their portfolio. How many properties, for your retirement, do you own?
At present the prediction for the correction of the housing market is somewhere between 2010 –2015. BUY LOW SELL HIGH, isn't that the rule for any investment. The market is ripe for investing now! Not in recent history has the housing market been on a downward trend with all time low interest rates, allowing you to get great buys using cheap bank money.
You might say “ Well Mark if we are still in a downward trend shouldn't I wait till the market bottoms out and purchase then?” How do we know when the market will hit bottom, maybe its already there. If you wait what will the interest rates be then? You can never completely time the market.
Sellers don't be discouraged because if you Sell in a down market you will also buy in a down market. And if you don't need to Sell, sit tight. Real Estate is cyclical and right now we are in a shift.
But let me tell you
SHIFT HAPPENS!
Undoubtedly, as many of you have heard in the media, the real estate market is BAD. But I say “its unbelievable”. You might say “What does that mean Mark?” In a downward trending market the opportunities are staggering.
Over the past few years the inflated housing market has precluded many people from making investment property purchases. Any financial planner would tell a smart investor to diversify their portfolio. How many properties, for your retirement, do you own?
At present the prediction for the correction of the housing market is somewhere between 2010 –2015. BUY LOW SELL HIGH, isn't that the rule for any investment. The market is ripe for investing now! Not in recent history has the housing market been on a downward trend with all time low interest rates, allowing you to get great buys using cheap bank money.
You might say “ Well Mark if we are still in a downward trend shouldn't I wait till the market bottoms out and purchase then?” How do we know when the market will hit bottom, maybe its already there. If you wait what will the interest rates be then? You can never completely time the market.
Sellers don't be discouraged because if you Sell in a down market you will also buy in a down market. And if you don't need to Sell, sit tight. Real Estate is cyclical and right now we are in a shift.
But let me tell you
SHIFT HAPPENS!
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