I tend to think thaat Mike Knows somethings, and with real estate I can say that I watch my market closely. That being said I do know that we are not done with the fall in prices and the rise in inventory (I am referring nationally and locally). But the fact for buyers is that you should not and do not have to wait…if you have an opportunity to buy a short sale. Why, well if you have a strong investment company that works with short sales (see www.LossMitigationSpecialistGroup.com) and working on discounting an overleveraged property (see 1 out of 6 homes) then chances are you can get something that adjusts much quicker to the market than a conventional sale. Why? Because the lenders and LMSG are negotiating on TODAY’s values plus a discount. We specifically negotiate and get a 10-20% discount so that we can offer it on the retail (and the wholesale) market…BELOW MARKET. See below for more information on the inventory. Until next time…Keep it short, Mike

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