Kimmie Hauver

If you take what is selling out of the equation it would be a Flat Lined. Market Value is determined by " How Much Someone is Welling to Pay ". If there were No Sales there would be nothing to compare to. Most properties selling these days are Bank Owned, Short Sales and those homeowners who price their properties competitively at Market Value. Thats why some advise if you don't really need to sell, you may want to wait. But If You Need to Sell, say to Avoid Foreclosure the one big thing you don't want to do is try to Chase the Market. Which simply means if Market Value in your neighborhood is $100,000, you should not price your home at or above $100,000 you should price 5% below market or at $95,000 or less. Getting Ahead of the Market is Your Best Opportunity to Sell Quick in Any Market but specially this RE Market. There are so many different factors that contributed to mess. With Unemployment continuing at record highs plus 2010 brings another reset of the adjustable mortgages, interest only mortgages are completely flipped upside down with a lot of homeowners being faced with no other options, Deed in Lieu of Foreclosure makes sense. The numbers are in, and its staggering to think that there were approximately 2million Foreclosures in 2009 and a whooping 2.7million Forecasted to Foreclose in 2010. None of which have hit the RE market yet. There is a feeling of a slight pause right now mostly due to Fannie Mae regrouping and others taking much need breaks for the holidays. In My Opinion what we are experiencing right now is a Strange Sense of Calm, like the Eye of the Hurricane over us but we know the Worst has yet to hit us. - Sun Nov 22 2009, 15:18