Chuck Patterson
"The Buyer's Agent"
Saxton Real Estate
5311 W. Broad Street
Columbus, Ohio 43228
614-878-6431 (Office)
614-302-0874 (Cell)

PROGRAM EXTENDED BUT THIS WILL NOT LAST..........HUD HOMES IN OHIO FOR $100 DOWN PAYMENT..........HUD WILL PAY UP TO $2500 FOR YOUR CLOSING COSTS OR FOR REPAIRS..........OWNER OCCUPANT ONLY..........CALL ME FOR DETAILS..........
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There is no easy way to say it:
The market is painfully slow for sellers.


The only cure for what ails us right now is time.
We need time to get the low-priced, bank-owned, and or
otherwise foreclosed homes off the market.

Too many times I am asked about listing a house
only to find that it was purchased in 1995 for $125,000
and then there was an equity
line taken out on it (to pay for those granite counters)
in 1998 for $20,000.
There was a re-finance loan in 2002 for $155,000
to pay off the equity line and the first mortgage and
now the house across the street with everything
but the granite counters is vacant, bank-owned
and on the market for $98,900.

I hate to walk away from business, but in this case
I would have no choice.  
The problem is that this case is far less
fictional than you might think!

Americans rode a wave for a few years.
Property values went up, up, up
until  confidence in the ability of borrowers to
repay all those re-financed, overly leveraged
loans came into question.
Suddenly the value went down but the debt secured by
the property stayed where it was.  
That's where we are at this point.

Selling a home for what is owed on it is more
challenging than it has
been in a long time. Patience and  the willingness to
negotiate while understanding that the big profit
you had dreamed about is not possible
in most cases are essential elements to the process.

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