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Joey Remondino
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Joey Remondino
Principal Broker, Realtor, GRI, E-Pro ... show more
Principal Broker, Realtor, GRI, E-Pro ... show more
Joey Remondino answered:
The point I am making is real estate is local and there are great deals out there for investors and future home buyers.
I am not disagreeing with the point that as an Avg prices are still falling, because they are, as an Avg; however, there are homes and neighborhoods out there that are under priced.
There are many homes and neighborhoods that are over priced because there have been little to no distressed properties for sale in those respective neighborhoods. The neighborhoods that have had a lot of distressed sales are the under priced areas.
(distressed sales = REO’s/foreclosed homes and short sales)
I can only prove this in Northern Va, and I would venture a guess and say it is the same in many places around the country.
I am disagreeing with two points, Real estate can be a great investment and there are opportunities in this market.
Second, giving a blanket statement that real estate is dropping everywhere and do not buy now, is 100% wrong.
This is a great time to buy as long as a buyer and their REALTOR are sharp and do their due diligence to find the best deals available.
John the Bruce, if I seem bitter I apologize that was not my intent; we will just have to agree to disagree.
Again good luck to you all, I hope you all make a lot of money.
I am not disagreeing with the point that as an Avg prices are still falling, because they are, as an Avg; however, there are homes and neighborhoods out there that are under priced.
There are many homes and neighborhoods that are over priced because there have been little to no distressed properties for sale in those respective neighborhoods. The neighborhoods that have had a lot of distressed sales are the under priced areas.
(distressed sales = REO’s/foreclosed homes and short sales)
I can only prove this in Northern Va, and I would venture a guess and say it is the same in many places around the country.
I am disagreeing with two points, Real estate can be a great investment and there are opportunities in this market.
Second, giving a blanket statement that real estate is dropping everywhere and do not buy now, is 100% wrong.
This is a great time to buy as long as a buyer and their REALTOR are sharp and do their due diligence to find the best deals available.
John the Bruce, if I seem bitter I apologize that was not my intent; we will just have to agree to disagree.
Again good luck to you all, I hope you all make a lot of money.
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