What kind of activity are you seeing in your state?

    “Lots of Prospective Buyers are Home Searching”

 

 

The other day I wrote a blog about the number of current pre-qualifications that I have out. Even though a number of them are already in contract to purchase a home, many more are coming into the market place.

 

The good news is that I’m doing pre-qualifications for clients in all 8 states that I do business.

 

What kind of activity are you seeing in your state?

 

 

 

Hi Joe

 

I was looking at houses again, took a break for the winter, but now I am ready to own a home. Nothing has changed on my income, so will need a new pre-qualification letter. I will be working with the same agent, she has been sending me houses for about a month, I want to look at one that is listed for $329,000 currently and thinking about making an offer. What type or rates would I be looking at with 10% down?  The property taxes are about $9000 a year.  I would like to know if this would be out of my payment range. 

 

One more thing, one of my co-workers is planning on purchasing a second home on the Cape, I will be giving him your contact information. You will hear from Jerry XXXXX.

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 31 commentsJoe Petrowsky • April 06 2016 07:45AM

Comments

there is a lot of buyer activity going on right now! Definitely a busy year. I hope it carries through to the fall!

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) over 3 years ago

Good morning Joe. Activity off a bit due to weak Canadian dollar and lack of inventory. Those looking are serious buyers. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 3 years ago

Hi Joe.  We are seeing good activity, hampered only by the lack of inventory.  Especially in the more affordable price ranges.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 3 years ago

Hi Joe.  What state is that in with $9,000 taxes on a $329000 home?  Out activity is moderate.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 3 years ago

Good Morning Joe,

This is the best quarter so far since 2008. But the home prices have not improved yet.

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) over 3 years ago

Joe, we are having the typical upsurge in spring traffice although my office has been pretty quiet..I have had a huge number of referrals who can not qualify to leave their home and up buy since the homeowners are still underwater.  Expect it to be busy if the lower end homes come on the market.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 3 years ago

It seems like things have been heating up here both w/ more buyers and more sellers prepping their homes.  We're hoping to have a very busy late spring and summer for new buyers moving into their homes.

Posted by Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together) over 3 years ago

Good morning Joe Petrowsky ,

We are experiencing high buyer activity in our low inventory levels. I'm staggering listings coming on market and they are receiving multiple offers every week!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) over 3 years ago

That is totally amazing, kudos to you Joe, you're keeping busy and rockin' the industry.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 3 years ago

Buyers are out and about...Inventory is limited!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) over 3 years ago

With over 100 people at a twilight open house and mega offers...I need not say more...

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) over 3 years ago

Joe, it is very busy, but if you have buyers, it will be a long process, very slim pickens for inventory.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 3 years ago

Who would ever guess interest rates would stay this low? I remember late 2002 or perhaps early 2003 rates went down to a low 5.85%. It was a great day and who knew it would go down from there and stay so low?

Eight states? You ARE great!!!

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) over 3 years ago

Good morning Joe,

Actually have a number of buyer's for the rural area and have been working the phone to try and find homes where they would like to live.

Make yourself an astonishing day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) over 3 years ago

You are a very busy man. So many people are being helped by your honest and straight forward service.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 3 years ago

It's obvious that you are responsive to potential clients.  You can tell from the tone of this buyer that they know you're going to let them know and they trust you with their friends.  I love it.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 3 years ago

Hi Joe Petrowsky It is Spring and activity SHOULD be up.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) over 3 years ago

You gotta love those kinds of letters. You've earned them, Joe. I'm seeing lots of buyers getting pre-approved; our problem is lack of inventory.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 3 years ago

Good morning, Joe -- buyers are out looking but inventory remains low.   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 3 years ago

Good morning Joe. In the Berkshires there is always more activity at this time of year. We are about in season and prices are up.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 3 years ago

Hi Joe - business is great here according to thr real estate agents I know.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) over 3 years ago

Hi Joe Petrowsky , The activity in Elkhart, IN has definately picked up, with sellers getting offers within days of the listing and of course we have an abundance of Buyers looking, causing multiple offers on almost every home.

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) over 3 years ago

You can't get any better emails than that one! Our market is doing well, properties are going under contract same day as listed if it is:

  • Priced Right
  • Ultra Clean
  • Updated
Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) over 3 years ago

We could use more inventory on houses Joe.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 3 years ago

Kudos to you Joe for having generated such great activity for yourself.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 3 years ago

That's great, Joe. You are the king of referrals. Keep up the great work. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) over 3 years ago

Joe activity has be great for the first three months of the year.  This is my best 1st quarter in several years.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 3 years ago

Activity has surely picked up around here Joe Petrowsky so we can make that NINE states !

Posted by DEANNA EARLY - - ( NMLS # 268590 ), Highest Ranked Mortgage Loan Originator Virginia (American National Bank & Trust) over 3 years ago

What? $9,000 in property taxes for a $350K home? Where is that? Our taxes in California are less than half that amount, and the home I just bought in Hawaii is worth a lot more than $350K yet the taxes are only $1,000. Criminy, that seems high for property taxes.

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) over 3 years ago

Joe

Your mortgage business has positive forward momentum build on a solid foundation of successfully getting the job done for your customers.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 3 years ago

Hi Joe... can't speak to my state, as I only work in one small corner of it and then in another small corner of a second state! I must admit the $9,000 tax bill for a $329,000 house had me gobsmacked!

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 3 years ago

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