Weekly Rate and Real Estate Update, 9.26.12

Rates drop!!!

Dan’s activity this week:

So happy for my clients who are now in their new home…this is the foreclosure that we closed on last Thursday.  Now the next phase of work begins for them, unpacking and making it a home.  Along with some of the normal foreclosure projects like installing shelving in closets, re-hanging all the interior doors, etc all the fun stuff you find in the distressed market! 

It’s quite a turnaround for my short sale buyers this week.  Believing this deal was dead, we went out and saw about 6 homes this weekend and then on Monday we got word of a verbal acceptance!  So, the race is on to get financing done by mid-October, schedule the inspection and the excitement of a family getting the home they love! 

Great activity on my other listings since last week, multiple showings on each and good interest expressed.  Actually, right now I’m playing phone tag with an agent who saw one on Monday.  I believe we’ll get a couple of offers within the next week or two on a few of these great homes.

I guess you all are listening because I got an email from an agent who has a client interested in a few of my client’s rental properties.  Let’s hope for my client that we can move some of these as they have become a boat anchor for them.

Again, save the date of Sunday, October 14^th from 3-6…that’s when the 1st Annual Irish Fall Family Fest will be unleashed!  Invites have been mailed out so here it is!  If you read this blog with regularity, you are invited!  Just email, call or text me to RSVP. 

If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!

 Rates for the week

From the IBJ... The average rate for 30-year mortgages fell to 3.70 percent from 3.81 percent in the week ended Sept. 19, according to Bankrate.com. The rate for 15-year mortgages fell to 2.95 percent from 3.04 percent.

 Email me to start your home sale or purchase process here!