Inverness Real Estate Fall-2007 Letter from the Editor

Welcome to our fall issue of Exclusively Inverness magazine.

If you have watched television or read a newspaper, news of the slowing real estate market has not escaped you. It seems to be the daily mantra throughout the press. The endless negative articles and commentaries seem to forecast only doom and gloom for the foreseeable future.

In the real world one thing always seems to be a constant, all real estate is local. So what does all of this mean to an Inverness homeowner looking to sell?

First, there is not a swelling of inventory in the Inverness market. Current available home inventories are within historical ranges. Does this mean everything is great? No, what we have seen is a reduction of buyers willing to take the plunge into the housing market. At the time of this editorial, year over year Inverness home sales were down approximately 12% from the same time period in
2006 and down 19% from 2005 volumes.

The big question is Has this affected my home’s value? The answer is yes. Today buyers are taking more time to make their decisions and are demanding more concessions from sellers. Sellers need to anticipate this and factor these and other issues into their marketing plan from the start.

Today the need for a true real estate professional is greater than ever. Having a top notch marketing plan and a full understanding of current market conditions is a must in this less than favorable climate.

If I can be of service to you or someone you know, please don’t hesitate to call. To contact me regarding any of your real estate needs call 847-401-4859. I am always happy to be of service.

Sincerely,

Chris

Chris Jacobs
Broker Associate
www.InvernessForSale.com

Inverness Real Estate, Luxury Chicago Northwest Suburbs Homes for Sale

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