This is great news, and you will see the 2nd quarter of 2008 will be even stronger.
If your farming area has not yet picked up, all you need to do is start providing Open Market Analysis@ like Mary did at Westgate Edison
http://msx.mlxchange.com/Pub/EmailView.asp?r=335238131&s=MSX&t=MSX
All you need to do is to provide this CMA Grid of all units in your condo/townhouse community with A,AR,U and C for past 12 months to the public. (e.g. your website, forum, email list ...etc) wherever you see fit and related to the community.
That way, hundreds of first time buyers in the Prospective Buyer Communities@ would be able to learn the market faster so that they can be well educated to buy their condo/townhouse, close and move within that 60 days when they received the scary rent hike renewal notice from apartment.
And, of course, when many condo/townhouses sold, their seller looking to move up to bigger home will become buyers, so you would help both first time buyers and move up buyers to buy their dream home at the best mortgage rate ever!
Another very powerful communication link is 8-picture link like this one
http://msx.mlxchange.com/Pub/EmailView.asp?r=1764720975&s=MS
for all condo/townhouse with status A,AR,U and C for the condo/townhouse communities you specialized at mentioned above. That way, it will promote communitcation and help first time buyers looking buy to find their dream condo/townhouse much cost effectively.
In Computer Theory, in particular Combinatorics Theory, doing so will increase the efficiency an order of magnitude. that is to say, if it takes a first time buyer eventually to find their dream condo/townhouse in 11 months, it would not takes only one month. So, theoretically, the inventory of 11 months should be able to drop down to only one month...
- Thu May 15 2008, 14:56