Sign Of Improvent On New-home Sales

Although the numbers are not fantastic and remain far below the rate economists consider healthy

, the total number of new home sales rose 5.5% in November over October. This is good news especially since the October rate had matched the lowest level in 47 years. Economists still think it's a 3 year period before we see the current number of 290,000 units per year rise to the 600,000 units they consider the normal rate.

Home prices however continue to decline even as the total number of sales on both new and existing homes begin to rise. With home values today approximately 30% lower than the 2006 peak experts foresee and additional 5%-7% decrease in value before stabilization begins in late 2011.

With the need to sell my house, or to sell my house fast these statistics create a good news/bad news scenario for all us homeowners. Needing to "sell my house fast" we are probably looking to avoid foreclosure. These increased sales numbers are the good news. Sales increases mean we have a better chance to find the buyer we need in time to help us out of our situations. This is a key factor especially for those trying to short sale the house in order to avoid foreclosure.

The need to sell my house, not necessarily fast, has us looking at the bad news side. We may need to sell due to relocation, maybe our job, many reasons forcing us to sell during these times may cause us to accept less money than we originally hoped. These circumstances beyond our control may not afford us the luxury of waiting for the market to begin it's comeback and prices to once again start climbing. Thus the bad news, we will not make the money we hoped for, even though we do stand a better chance to actually get the home sold than we have in days past.

We buy houses and may be able to assist you. Regardless of your situation we may be able to make you an offer to purchase very quickly, especially if you must sell fast. When we buy houses we also may be able to close quickly depending on the situation you are facing.

In these economic times be willing to entertain any offer you receive. If your situation, such as short sale requires an offer in order to avoid foreclosure do not be afraid to accept an offer that seems extremely low. Let your bank make that determination. Remember that in a short sale situation you will be foreclosed on if you do not eventually present an offer to purchase to your lender.

by: Shaun Greer

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