Most real estate professionals have signaled the lack of help being given to homeowners that are upside down with their home loan and still up to date with their house payments as a area that needs to be addressed to help turn the housing market around. It doesn't sound like we are there quiet yet, but we may be working that way. Also, if you are in the right situation, you may be able to refi now with some of the programs that are currently available. Watch the video for more information...
How Much Is A View Worth, Sunriver Real Estate FAQ…
A few realizations were derived from the occurence described. A buyer (sunriver or elsewhere) will only offer so much of a premium when it comes to a view. At some point a buyer, no matter how much they may want a property will submit to logic. On the other hand, sellers will only discount their real estate investment so far. Even in a buyers market and at the risk of chasing the market, sellers may be willing to let buyers move on and purchase the next property. With differing degrees of seller and buyer motivations, varying properties, and ever changing market conditions, the bottom line is that each scenario will be diffrent.