As a followup to my last post, I am now firmly of the opinion that Buyers and Sellers will now have to work closely together with understanding, patience, and flexibility if they are to achieve the results each desires. Whether it be re-writing addendums with bank-approved verbiage, extending closing deadlines for additional file approval, or even adjusting sales prices to include closing costs for Buyers, we have entered into an extraordinary time.

Sellers that don't want to play ball can find themselves back with the home they that they had sold. I encourage all sellers to be open-minded and let the other party know you intend to work with them to finish the sale.

As proof that now is an excellent time to buy, clients of mine who closed on Friday received a VERY competitive rate of 4.6% WITH NO POINTS!

Sales are up and if you've been montioring your favorite property for awhile, there's a good chance someone else may have snagged it up. I can attest that there is a ton of JUNK on the market...over-priced, beat-up homes that are perpetual listings and will probably never be "sales".

Is the market stabilizing? No one really knows. This market can't freefall forever and data is indicating a stabilization in certain segments. Get out there and get that home you've been wanting...