Alrighty Then!
posted by WeKnowBrevard Blog @ 8:53pm, Monday 6 October 2008.
Well there you go, I have been so blown away by the last 30 days of historic happenings I have failed to blog. Shame on me!!
Where to start? Bear Stearns, Lehman Brothers, Merrill Lynch, ....... I don't have a clue.
Bailouts, Bankruptcy, Fanny Mae, Government takeovers, politicians. I'm sorry, I am at a loss for words. (Sally will tell you that this is a 1st).
What does this mean to you, Joe Six pack and Hockey Mom? I'm still digging it out. I have read more about the financial markets in the last 30 days than I have in the last 30 years. I spoke with my financial adviser, who I hold in the highest regard, and he said I'm not sure, I've never seen anything like this. He did tell me that the builders stock in several areas have moved to a strong buy position. Where did that come from? Is this the bottom of the curve? I will check back shortly to start trying to make sense of this.
Until then, keep your head low, your helmet on and for you sellers, you need to be very serious if your putting your home on the market. It has to be PRICED right!
Rounding third and heading for home!
Comments
It's tough trying to plan a move when you feel like a tiny boat on a stormy sea. I've lived in my house for 12 years now, so I must have some equity value. How can I figure out a price where my house will sell?
Stranded in the Port of Indecision.
WeKnowBrevard Blog - 12:31pm, Tuesday 14 October 2008.
Dear Indecision,
Your best bet is to work with a real estate broker that will be perfectly honest with you. Your home is worth what someone is willing to write you a check for it. Simple as that. My suggestion for a ballpark number is to take the appriaser's market value and use that as a +/- 5% value. Let me know when I can put together a market study to get you really dialed in on what the value is. Give me a call!
Brad - 8:18pm, Thursday 16 October 2008.
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