My Bethesda Real Estate Prediction - Eating My Words
Posted Feb 17, 2008 @ 8:53 pm, Viewed by 913 Visitors, Read 988 Times.In a post last week, I made a prediction about a home in Bethesda that I had shown…the one where there were seven groups of people in a one hour time span. I went out on a limb and said that, based on the activity that I observed, it would be under contract by the end of the week. I was wrong…it’s still available.
- Contributing blogger Gretchen Koitz
Bethesda Real Estate Washington DC real estate
The Gretchen Koitz Group | serving the Washington DC Metropolitan area including Washington DC, Montgomery County Maryland, & Northern Virginia
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It's an interesting time isn't it? The good news is that buyers and sellers really need good representation coming from experience. Hang in there!
The current jumbo loan market could play a huge factor into this. The terms and the qualifications for jumbo loans aren't exactly the best currently.
Hopefully the Economic Stimulus Package will bring some relief....it certainly is a problem in our market area.
It will help a lot of areas. Anything that makes loans easier to get is welcome in the current market.
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The Koitz Group at Long and Foster is a multi-generational group of highly experienced agents. Its principal, Gretchen Koitz has over 20 years of full-time residential real estate experience and shares her expertise as director of new agent training at the Bethesda Gateway Office, where for each of the past five years the productive level of the office has exceeded $1 Billion! Read More
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It's crazy. That has been happening in my area, too. I had buyers hemming and hawing over making an offer on a home they had seen twice. Problem is, by the time they made the offer it had gone into short sale status. We know we're up against at least one other offer and now it's a waiting game. If they had acted faster they probably could have been near closing by now. It doesn't always pay to wait, although I might be eating my words if they get their low offer accepted.