Thank you for the flood of emails from last week’s piece, The Man Who Changed My Life. It was one of the more enjoyable posts I have done. Surprisingly, the majority of replies were from folks requesting more information about Sloo and what he said that was so bad I couldn’t sleep. They wanted to know how they could have me manage their money based on Sloo’s forecasts. The problem is that is the post was done on April 1, otherwise known as April Fool’s Day! Sloo Flipra spelled backwards…
Nonetheless, each year, roughly one million new homes are needed to satisfy demand. When things were humming along in 2005, the U.S. had roughly a six month supply on the market. In the darkest days of 2009, that figure had ballooned to about 24 months. The last figures I saw still had the supply at more than 12 months.
So here we are.
I asked firstname.lastname@example.org to offer advice for both buyers and sellers on the whole home buying/selling process.
2) Learn the market. Go to open houses in the towns that interest you. Get a list from Town Hall of all houses sold in the past year for comparative purposes. Be especially interested in recent sales on streets you are looking at.
3) Prioritize your needs. Are hardwood floors more important that the location of a neighborhood? Learn the difference between cosmetic and structural changes when you see a house you like.