All over the news, the buzz is on foreclosures. It seems that first it was the condos, and now it is the single family homes. Those attorneys looking at new home sales may see that when they go shop there are incentives as high as $50,000 off the list price.
It is times like these that negotiation skills come into play. A website known as RealtyTrac.com is gaining traction by providing foreclosure data by state across the
RealtyTrac.com claims to be a online real estate marketplace. Will it be as good of a marketplace as eBay? How will it compete with eBay in selling real estate? Its mission states: the company’s mission is to make it easier for consumers, investors and real estate professionals to locate, evaluate, buy and sell properties. For attorneys working in real estate, this may prove a site to bookmark?
It seems that foreclosures are affecting more than the real estate market. People are thinking of saving more money on vacations because they think their equity is down. There has been news reports that people are not spending as much on the holidays.
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