The Good News Report

In Real Estate, "No News is Good News" is not helpful at all. However, it seems all we hear is Bad News and that does not help anyone either! So, what do we need?

THE GOOD NEWS!

One phrase I hear quite often is "Nothing is moving", such as "We've been thinking of selling but nothing is moving". I am convinced this frame of mind stems from the current flood of Bad News. In order to make an educated decision, you need facts, not one-sided perspectives:

• Are houses selling? YES.
• Are Prices down? YES - however, if you sell your house for a loss, but upgrade to a bigger house (whose price is ALSO down) you come out ahead! (See our example here)
• Is this a good time to buy? YES - interest rates are at a 50-year low!!! (In the 4's as of today)
• What will determine the price my home's selling price? COMPS - aka comparable homes that have sold with in the last 90 DAYS.

To share relevant information including (but not limited to) the answers listed above, we are beginning The Good News Report. Check here often to see a review of the good real estate news in your area. We will feature an area about each week or so.

We will begin with the area I know best, : northwest Acworth/northeast Dallas, where we live. It will be a two part report: Part I will cover NW Acworth, Part II will cover NE Dallas. (There are THAT many solds! It would be way too much to put into one report!)

Come back tomorrow night to read the good news!