Monday, May 30, 2011

Here Comes Summer!

Well, it's summer again! A happy time for many folks, although, I prefer fall myself with the beautiful colors Mother Nature puts out there for us to admire!

Summer means warm days, warm nights and it also means, we survived the great rains of the spring of 2011! I know many have flooded basements because of the oversaturaton of the land and with that, comes cleanup problems. If you're thinking about marketing your home, better get that basement spotless! While women among buyers will eyeball the kitchen and the baths, the men will spend most of their time, eyeballing the basement. Better have it ready for that "eyeball inspection."

Interest rates are still low, but not at the all time record low levels they were at a year ago. Still, rates are wonderfully reasonable compared to where they were say, 5 years ago and some banks and mortgage companies are even rolling out adjustable rate mortgages again. But shop cerefully, if your looking to buy a home or refinance your current home. Check into at least 3 mortgage companies or banks before making your borrowing decision.

As far as listing a home for sale, inventories are actually down as we "clean out" all of the foreclosures and short sales. But, it's still a buyers market out there and until the economy shows definate signs of improving, buyers are fearful of committing and sellers aren't putting their homes on the market unless they absolutely have to, due to things like an impending job transfer to another part of the country.

So whether you're listing, selling or just refinancing, or even if you're just going to stay there with a pat hand, enjoy the upcoming summer of 2011.