Ron Climer can get your property SOLD |
Because this was happening, there were more buyers in the marketplace than should have been in the buyer's pool. People that should not have been bidding for a house in the marketplace were bidding for a house in the marketplace. Since many of these mortgage applicants had no intention of paying for the house that they were bidding on, they did not care how much they paid for it.
Picture yourself in that marketplace, bidding against a person that is committing mortgage fraud that has no intention of paying for the house. If you can outbid him, you will end up paying too much for the property.
About 2005, the police started to quash much of this mortgage fraud. Prices went down. They will stay down for a long time. If you bought a property during that time, you probably paid too much for it.
Many people that bought a $300,000 house for $400,000, have since defaulted on that mortgage. The bank foreclosed. The bank sold that house to someone else for $300,000 or less.
If you bought a house during that time, you had to pay too much. Will those times be back soon? Only if the crooks that were promulgating mortgage fraud get out of jail. If you bought a property in the first five years of the 21st century, do not wait for that market to come back. Do not wait for those prices to come back.
Sell your property for what it is worth today. Remember this lesson. Sell in a seller's market. Buy in a buyer's market. It is a seller's market in western North Carolina. It is a seller's market in Hendersonville, North Carolina. Call me . Let me get your property sold. www.ronclimer.com
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