It sures seems to be very quiet out there in real estate land.The phone has not been ringing. No sign calls or newspaper ad calls.No response to direct mail.It is probably this time of year which is normally slow anyway,combined with all of the bad news and upcoming elections.There are a lot of excellent properties for sale and many can be bought at a great price.If you are in the market you can make a great deal compared to the days of when the market was peaking.
The third quarter was not so bad for my company(a small land brokerage company).Three land tracts were sold for total sales volume of $1,805,000.These sales occurred in the counties of Chesterfield,Goochland ,and Prince George.You have read in the news everyday about how much more difficult it is to obtain financing from banks.That's true in general because of tightening of credit.(Banks do this in every downturn).But I am starting to see some owner financing on land tracts.So where there is a will there is a way.I'm looking at activity to start picking up soon especially after the elections and holidays.
Friday, October 31, 2008
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We bought 13 acres in powhatan from you last year (morewood dr). Any chance you cpould contact the family bidding against us to see if they are still interested in the property? We have it listed with hank cosby. Lavendermeadow2004@yahoo.com
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