I wish you the best of luck - feel free to call me with any questions.
AVALAR Atlantic Properties
As long as your homes in your area are in competition with short sales and foreclosures, values will continue to decline until this inventory is dealt with. Banks are getting better at managing these distressed sales, so we would hope this trend will correct itself sooner than later. I completely agree with the previous post - sit down with a real estate agent and evaluate the trends in your area over the past year. This will give you insight into how quickly prices are still declining in your area, or if depreciation has decreased in your area.
As you conduct your research, keep in mind the real estate market is unique to each area. Good luck and if I can be of any further assistance, please let me know.
(609) 276-8183 (cell)
Jeremy S. Hill, Realtor Associate,
Keller Williams Realty
Licensed PA, NJ
"Your Interest 1st Always"