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Upland Market: Too Much Inventory

The Upland Real Estate market is facing pressure with a lot of inventory. There are still far too many homes on the market, with tons of choices and few home buyers.

I have noticed a lot of home buyers are starting to make the move and write offers on the short sale, or bank-owned homes. This is affecting the regular sellers and their bottom line.

Many sellers are starting to realize that they are not going to get the price they had hoped to get. But, then again, they will get the next home for much less than they had thought, as well. As long as they keep that in mind it will work out in the end.

This market will work itself out as soon as the inventory drops down.

The surrounding areas of Ontario, Rancho Cucamonga and Fontana are really feeling the affects of supply and demand, with a lot of supply and very little demand. The City of Fontana has 395 single family homes for sale for $250K, or less. A year ago you could not find any single family homes under $300K.

There are still a lot of loans that will be reset to higher rates over the next year. This will result in Continue reading this post

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Posted by: Mark Johnson on April 11th, 2008 under Regional

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SERVICE, SERVICE, SERVICE

I answer my phone, and, have made this a practice since starting my business in 1991. As a result of this practice, I get very few voice mails throughout the day. I cannot stress this enough!

Customers have hired me to get their transactions completed in a timely manner, and to help with this I carry my phone with me most of the time. It is much better to answer the call, deal with the situation and move on.

I try to encourage e-mail contact between my buyers and sellers and I carry my phone (which is e-mail capable) on my side pretty much all the time. As a Realtor® I know that if you do not like being disturbed by phone calls or e-mails, you should look into another profession.

My quick response to my buyers and sellers puts their minds at ease, and lets them know that they are getting advice from a pro.

It is most important when talking with potential clients that you let them know what to expect from this current market. For example: Continue reading this post

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Posted by: Mark Johnson on February 25th, 2008 under Best Practices

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