Lake County Real Estate Blog

Hi Everyone,

It's a very interesting market these days. Prices are the best they've been for several years. I mean, for a buyer, it does not get much better than this. Great homes on the market, plenty to choose from, and sellers in a very negotiable mood.

The one little problem? Lenders! Suddenly they seem afraid, reluctant,           (insert your word choice in the space provided). With low interest rates and great prices, homes should be disappearing from the MLS into the investment portfolios of home buyers everywhere, but loans seem especially hard to come by right now. I am assured that this problem is only temporary and will change as lenders regain their equilibrium and see the errors of their recent ways.

I do not see home prices dropping much, if any, from here on. Once lenders get their act together, prices will begin to climb out of this, the market bottom. Loan pre-approvals are more important now than ever. 10% of all California home transactions fell through in August mostly due to lenders pulling out of the deal. Be prepared ahead of time so that when you find the home you want, there are no unwanted surprises waiting for you.

It is truly a great buyers market these days - all we need are the buyers!

Have a great week! Drop me a line if you have any comments or questions, I'd love to hear from you.