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Distinctive Country Properties
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01.14.10 The news this week has focused on the pending massive bonuses about to be revealed and issued by Wall Street and the banks. Speculation about the use of that money to re-invigorate our second home real estate market is being 'spun' by a variety of 'sources', including those in real estate circles, both around here and further away. I will leave a comment on that out of this column. However, there is no question that activity has picked up around here, especially in the last couple of weeks. I was fully engaged in appointments last weekend and will be again this weekend. Another agency is also touting such activity, properties under agreement, more closings occurring, or about to occur, etc. So some of us are feeling 'good'. Why? Read on. There are a lot of opportunities available, for buyers to buy. They are not especially public, but they are there if buyers know how to find them. Every listing has a 'story' and those of us in the know, know what they are. There are foreclosed offerings, (some) sellers who, realizing that being too obstinate about (their) price is counter-productive, are moderating their stances and helping to make 'things' happen, and still excellent interest rates that, although rising a bit should continue into at least mid-year. Finally, there is the looming expiration of either the first time home buyers credit plan, OR the second home buyers credit plan, each luring the astute lookers to plan a purchase within this window. So, all these create a lot of reasons to stop just looking and start buying. This does not mean we are close to a new boom. It does mean that an astute group of people can make an excellent purchase if they act soon. ©2010 R. Leech features.
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Robinson Leech Real Estate 318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039 Phone 860.435.9891 | Fax 860.435.9400 | info@robinleechrealestate.com
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