Just make a quick observational point for this weeks blog.  My observation is based on Dekalb, although i believe this observation to be true in any location in this market.

I have had a couple buyers looking for Deals in homes right now, so they are looking at short sales and REO homes right now.   When a home hits the right price,  you will get at least 2 offers on these homes, if not more.    now this doesn't mean the market is picking up, cause actually with 2 more years of ARMS coming due, it is unlikely that the direction market is going will change anytime soon.  What it does mean is that there is buyers out there and able and willing to buy. 

For buyers what does this mean;

• when the price is right you have to offer competitive.
• predict where homes need to be priced and make offers there before the price makes it competitive(most likely will need a real estate professional for this)
• be properly motivated and prepared.
• traditional sales home have to be just as competitive, look there as well

for sellers what does this mean;

• Price Sells!
• if you need to get something out of your home, probably not the right motivation to successfully sell home
• this is a have to sell market.

It is a great market to buy and sell! Come to dekalb and see

Also don't miss the Pumpkin Parade in sycamore this weekend. it is a great time, and you may see me helping cook pork chops!