The court-imposed dam on Shadow Inventory blew last month. There is a wave of distressed property that will come, which will impact sales prices all across America. Some areas will be more battered than others.
If you are looking to sell, and wanting to move within the next 6 months, now is the time to agressively and compelling price your house for sale … before the real estate market is impacted by shadow inventory that’s about to be released onto the market.
States Attorneys and banks have worked 1.5 years to come up with an agreement as to how to release shadow inventory. Bloomberg News announced last month that new home seizures will increase now, making the long-term housing recovery more likely. The $25 billion settlement with banks over foreclosure abuses will likely result in a wave of home seizures, according to Steve Harney.
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Whether you are considering buying, selling or investing, 2012 will prove to be pivotal. If you or someone you know is considering buying or selling real estate, we’d welcome the opportunity to work together … listing or buying. For a consultation without obligation, we invite you to contact us at restivo.v@ewm.com or call 305 793-1365. The Restivo Team
