Fed Cuts Rates, Boost Confidence!!!

Today's move by the Fed to drop rates, is a move in the right direction!!!! This will allow for the credit markets to become more liquid, and will ease mortgage rates further down. The next step is to limit the amount of foreclosures/short sales hitting the market every day. Once foreclosure/short sales are limited the real estate market can begin to stabilize.

Chasing the Market

Pricing a property correctly is so critical in today's market. A home priced above "Market Value," will isolate the home from the market and will end up loosing more money for the home owner. The term "Chasing the Market," is exactly what homes that are incorrectly priced end up doing. Chasing the market is pricing the home above market value, and slowly doing price reductions. This method of pricing a home is not financial responsible because by the time the price is lowered though using price reductions the market price has gone down and will cause a sale at a dramatically lower price than if the home was correctly priced from the beginning.

Real Estate Market Direction

The Real Estate Market is like an ocean constantly over time going up and down. Throughout history the size and magnitude of the waves have varied, and has either made people money or has lost people money. So how do we put aside our "hopes" that the market will magically be better by next year and look at reality? We need to look at the Macro Economy to gauge where is the real estate market going.

This Tuesday the Fed will meet again to decide to lower the interest rates again. Most people believed that interest rates where at the lowest point and may be slowly increased. So what has caused the Fed to consider lowering interest rates again? The lack of liquidity/capital that banks have due to the MASSIVE Foreclosure write downs that banks have incurred. Banks such as Lehman Brothers, AIG, and Washington Mutual are on the verge of collapsing just like Bear Stearn's did (SCARY!!!!!) The stock market and real estate market need a life line to save them from collapsing further.

So what does that mean for a home owner that needs to sell their home. I believe that we will continue in a down trending real estate market until the end 2009. I believe that we will not see appreciation on homes until the massive amount of inventory is lowed and the availability to funds (mortgages) is easier to attain. The best "game plan" in this market is to first qualify your true motivations behind the move. Second, become realistic on the true value of your home and price it to sell vs. sit on the market. Third, the next home you purchase make sure that it is in a great location, is in great condition, and you plan on living there for 5 plus years. Often, you will be able to recoup if not profit more that what you lost if you take your time and study the market and buy your next house correctly.

It is my GOAL to help each of my clients understand the Real Estate Market, their local market conditions, and the best financially responsible decision the sell or buy real estate.

Ryan Boyer
http://www.ryanboyer.com/
Usa 4% Realty

Opening Up the Real Estate Market Ryan Boyer Usa 4% Realty

How important is pricing a home??? IMPORTANT, IMPORTANT, IMPORTANT!!!!!! In today's real estate market buyers are extremely well researched and knowledgeable in the pricing of homes. The Internet has allowed buyers to extensively research home for sale from their home computers. With the vast amount of information out there, buyers know exactly what a home is worth before they write an offer.

That is why pricing a home is so important. A correctly priced home will receive the greatest amount of exposure in the market place. I would rather receive 10 offers on a home and give us the power to negotiate; then to not receive a single offer.

The first step is a Competitive Market Report on your home. I look at comparable properties, market conditions, neighbor hood conditions, market trends, and the benefits and features of the home to come to a price that will cause your home to sell.

Give me a call anytime so that I can help you sell or buy a home. It is my Goal to help you sell at the top and buy at the bottom.

Ryan Boyer

Usa 4% Realty

http://www.mntoprealtor.com/

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First Impressions Matter!!!! Mn Top Realtor Ryan Boyer Usa 4% Realty

A great first impression when you meet someone can set the tone for your whole relationship. The same goes with a home. A buyer needs to have a great first impression from the curb and when they open the door. So how do we make sure that we make the best impression possible. Well, there are some simple and cheap ways to make your home make a lasting positive impression.

For starters, make sure the lawn is mowed. Before a showing in the summer make sure that the lawn looks mowed and green. Same goes in the winter, make sure your drive way is shoveled and the sidewalks cleared.

The next step is to make sure your homes exterior is up to par. Cleaning windows and touching up paint makes a difference. Also, adding a fresh coat of stain to the deck will make it look perfect for a summer barbeque.

Anytime there is a showing make sure that all the lights are on and that the blinds are open. A bright home is more inviting than a dark depressing home. I suggest replacing ALL of your light bulbs with the new "high efficiency" 60 Watt bulbs will not only give your buyer a bright home to tour, but will give them an energy efficient home. Anything you can do to make your home more "GREEN," will help (check out the Going Green link on my web site http://www.ryanboyer.com/ & http://www.mntoprealtor.com/).

The last step in making a great and lasting first impression is to buy some glade air fresheners and place them in the bathrooms, entry, and living room/family room. A warming smell that works great is cinnamon apple.

Lets have a Great Summer in Real Estate!!!!

Ryan Boyer
http://www.ryanboyer.com/
http://www.mntoprealtor.com/
http://www.topstcloudrealtor.com/

Why is pricing so important?? Mn Top Realtor Ryan Boyer Usa 4% Realty

Why is pricing a home so important from day one of the listing??? A correctly priced home that is either priced at "market" or 10% below market price will generate generate 60-75% of the potential buyers in the market will look at the property. This is extremely critical in today's market. Homes that are not priced correctly may not even get a showing. OUCH!!!!

Here is where incorrectly priced homes end up hurting the seller even more. In a declining real estate market (which we are in). Home prices per month drop 2-2.6% per month :( So the longer your home sits on the market the more money you loose. Example : $200,000 home sits on the market for a month, it looses $5,200 OUCH OUCH OUCH!!!!!

On average correctly priced homes are on the market for approximately 100-125 days. Meaning this home owner would loose around $21,000. If the home owner would have priced the home correctly at $189,900 in the beginning they would have saved over $10,000 and may have received multiple offers. :-)

In today's "declining market conditions," correctly pricing a home is critical. Many home owners want to list high and then slowly lower the price. This strategy will ensure a listing that will not sale, and will be isolated from the potential buyers in the market.

Ryan Boyer Usa 4% Realty
http://www.ryanboyer.com/
http://www.mntoprealtor.com/
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Bull or a Bear??????? Mn Top Realtor Ryan Boyer Usa 4% Realty

So are you a Bull or a Bear in the real estate market???? Every time I turn on the news there is another story on Foreclosures and sub-prime. Here is the facts on the real estate market. Over the past few years we saw appreciation rates of 10, 20 or even as high as 30% per year WOW!!!!!!!!$$$$$$$ Why did the homes appreciate so quickly. HMMMM Basic Economics. Simply there was stronger demand than there was supply, causing prices to skyrocket. Why so much demand??? Well, that's where Mr. Sub-Prime comes into play. Anybody with a decent FICO score, a job, and could sign their name could get a mortgage. Lenders where YELLING out their windows "FREE FREE FREE Money come sign your name and buy that house you have been dreaming about." So demand for homes went through the roof.

Here is why I am Bullish on the Real Estate markets. Just like the stock market, the real estate market goes in cycles. Currently there is more supply then demand causing house prices to fall TIMBER!!!!!! However, are we going to see sub-prime lending mistakes in the future? NOPE!!!! Will we see this massive imbalance of foreclosures ever again?? NOPE!!! So although we may or may not be in the bottom of the downtrend; the mistake caused by lenders has given an excellent opportunity to BUY BUY BUY. Eventually supply and demand will start to equal out and when demand is above supply we will start to see appreciation in the market. How long will that take?? I don't know. However, in real estate if you buy a location that will be in demand now and in the future you are making a very wise decision$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Ryan Boyer
http://www.RyanBoyer.com/
http://www.mntoprealtor.com/
http://www.stcloudtoprealtor.com/

Tips for negotiating :) Mn Top Realtor Ryan Boyer Usa 4% Realty

How do you get the best price possible??????? As a buyer you must find out the MOTIVATION behind the seller. I have several SECRET ways to find out the true motivations behind why some one is selling. Once you figure out how motivated the other party is; negotiating becomes easy and you will get the best price possible. NEVER NEVER NEVER make an offer without finding out the other parties motivation.

In today's real estate market you need every possible advantage to sell at the top and buy at the bottom.

I am offering FREE Curb Appeal Consultations to help you make a great first impression!!!! \

http://www.ryanboyer.com/
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How to Tell When the bottom has formed. Mn Top Realtor Ryan Boyer Usa 4% Realty

I think one of the biggest questions in real estate is: When is the real estate bottom going to form? The answer is: nobody knows!!! However there are some signals to keep your eye on that will help you determine when to get into this market.

• Keep an eye on the Fed's movements. The fed cut last week .25 point. Although it does not directly effect mortgage rates. It does effect inflation and bond pricing which does effect mortgage rates.
• Keep an eye on the amount that homes are declining in value per month. Right now homes are dropping around 2.6% per month. When you start to see that number go down, it may be signaling a a bottom.
• The only way we will know the bottom has formed is when home prices start to go back up :)

Always Always Always buy a home in a GREAT location. Homes in locations that are in high demand hold value in declining markets.

http://www.ryanboyer.com/

Step One (Market Analysis) Mn Top Realtor Ryan Boyer Usa 4% Realty

Have you wondered what is the first step I should do as a home owner if have been thinking about selling. No, the first step is not to drive around and look at 10-20 homes and get our hopes up that we can buy one of the dream homes we just looked at. The first step is to get a Market Analysis done. A Market Analysis will determine the true market price range that you home will sell in. In today's real estate market it is important that we are realistic on our goals and expectations. When i do my detailed market analysis i pull all the homes with similar characteristics that have either sold recently or have been placed on the market. From there i can determine a price range that you house will sell in. It is important to focus on the true market price and list your home at that price. A home priced correctly will generate a lot of buyer attention and get us a PURCHASE AGREEMENT!!!! I would rather have buyers lining up to view your listing that is priced correctly, than not to get a single phone call :(

Check out http://www.ryanboyer.com/ for some FREE real estate articles (GET CONTROL OF YOUR EQUITY!!!)

Ryan Boyer
http://www.ryanboyer.com/
http://www.mntoprealtor.com/
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