Well, if you watch the news, which I do religiously, you would think that the entire real estate market is falling into the abyss.  It's not at all, at least in our area.  Now, sellers might not get what they are hoping for but properties are still moving at a fairly good pace.  I just checked the stats from our MLS company and the numbers are in for August '08. 

In all of Hampton Roads, 1743 homes have sold/closed in the month of August making the total for the year 13,072.  Yes, there is a lot on the table right now in Congress which is causing a lot of potential buyers to put the brakes on.  Over the years I've learned that in any situation, when people are confused or unsure about something they do nothing.  Understand this.  The government wants home ownership. 

Conditions to obtain a loan are a little more stringent now but they should be.  What we've seen over the past couple of years is a needed correction that had to happen in order for the market to heal itself.  If you're a potential home buyer, you have everything on your side in order to purchase your next home.  Rent is outrageous in our area and quite frankly most of my most recent clients were formal renters who were able to purchase a home and pay at or less what they were paying for rent.  If you're a seller, it all comes down to price, location, and condition.  I know it's a cliche but it's true.  With a little effort and a few dollars you can prepare your home to be at it's best for showings.  By all means, you must have the proper exposure and marketing plan.  Ofcourse, I'm a little biased.  I think that www.homesandfood.com is the best site in town for maximum exposure but you can be the judge. 

Don't throw the towel in just yet.  The bail out bill will get passed and buyers will become more positive about the economy and start purchasing even more than in recent months.  Please contact me if you're a buyer or seller.  I'll give you everything I have to offer.

Jeff Nelson
757-749-1616
www.homesandfood.com