I am not sure what to call this blog spot, because I think it is kind of gong to be all over the place. (What a treat for the reader.) First off last weekend was chalk full of showings. I spent around twelve hours in my car driving all around this county on a nice spring, actually more like summer day.
Both days were spent around the Roscoe/Tennanah Lake/Livingston Manor area. Neither resulted in a quick offer, but they are interested in a few things, and I have a feeling will be buying something.
We did see a few really nice properties, that are (I believe) around 30% less than what they would be asking for a few years ago. Affordable nice houses on private acreage, in the $230,000 range. Second home ownership is affordable again, and that is what is going to sustain us.
I know the doom and gloomers will say I am crazy, and this downward spiral will continue for the next five years, until finally when we crawl from the pit of real estate slime, and dust ourselves off, only foreclosures under 100K will be dotting the landscape, but I think as soon as the numbers start to make sense, and the dream of a second home is comfortably doable, people will buy.
I do think there will be another dip. Interest rates will climb, the dollar is too weak to sustain right now, and that will be the equivalent of raising every home price by 5 to 10K, but that will be over come.
On a personal front, I have switched Re/Max brokerages. I am now with Re/Max Benchmark out of New Windsor NY. Just this past week I have been introduced to the way a large professional brokerage works, and it is like night and day. I know I have said it before, but because of our county's ruralness, people and real estate people in particular, can get away with a certain lack of professionalism, that would be swallowed up and destroyed in a more competitive market.
I am not saying all. There are some very good competent real estate people in the county that I have worked with, and those are the ones that will sustain, but this business pulls in some who see the lure of an easy buck, and are really not good at what they do, and make no bones about it. Those are the ones that give real estate agents a bad name, and that is why I don't mind the correction. Let the chips fall where they may, and let the strong survive. On the other side will be strong competent agents and brokers who can weather the storm, and are truly professional at what they do.