Longview Washington Business Directory Blog

Longview and Kelso Washington Real Estate owners, along with the rest of the country will finally be receiving some help from the U.S. Government. President Bush just signed into law a measure to help out the 400,000 Homeowners who are facing Foreclosure in the near future. This legislation would also help out Fannie Mae and Freddie Mac. Spokesman Tony Fratto said it was signed at 7:00 am this morning.

The law is aimed at stopping foreclosures and the sharp decline in Real Estate values and hopes to bolster sales and construction of new homes. The law in essence would provide federal insurance to refinanced 30 year mortgages. The measure is also designed to instill confidence in Fannie Mae and Freddie Mac, who are the two largest mortgage lenders in the country.

The recession in the Real estate market and the industry in general is the worst since the depression. Coupling this with the current fuel crisis, that has no indications of improving has put this country in a terrible condition economically.

More info on this subject can be seen in Bloomberg.com http://www.bloomberg.com/apps/news?pid=20601103&sid=am2yQYThqmxQ&refer=us

With the Real Estate Market in the Longview/Kelso Washington area being in the slump it is in now, I thought mabee marketing your Home or Commercial Property by way of a auction might be a viable avenue to move a piece of Real Estate. With a little research on the Internet I came up with this information that I found interesting.

In many cases, Real Estate Auctions can be a good way of selling a piece of property when the other conventional ways have failed. One of the greatest benefits of selling your property at auction is it speeds up the process. Additionally if you are a buyer it has the potential of putting you in your dream home quicker.

There are benefits for both the Buyer and the Seller of property. The seller realizes a quick sale. He or she can very well realize a fair market value for the real estate through competitive bidding! The purchaser can benefit by having more time to research the property prior to purchasing. With Real Estate, like all auctions, there is a sale date and perspective buyers have a great deal more time to analyze the Home or Commercial property prior to making a offer. You could even enlist a Real Estate Appraiser to establish fair market value.

Here are some tips for anyone wishing to attend a Real Estate Auction. As a buyer it is always prudent to prepare ones self prior to attending a auction. Do your analysis of the Home or Commercial Property, get a feel for what it is worth, and more importantly, what it is worth to you! Do the comparisons, all this information is available to you through either a Real Estate Agent or through local government. Don’t be afraid to enlist a Real Estate Broker or Agency in the purchase of any property. Although purchasing or selling any property through a Real Estate Auction Service is at this time unconventional, most Agency’s will be willing to work with a prospective buyer in establishing value and market on a piece of property, and possibly become involved in the transaction. www.LongviewBiz.com

Everyone is wondering about the economy and the fuel prices, not to mention the Real Estate Market. There is sure a glut of Homes For Sale in Cowlitz County at this time. I have heard around 800 now. There are 30 more active listings in the real estatemarket in Cowlitz County and 20 less homes sold than last month. Here are some current real estate statistics for Cowlitz county homes. These statistics include Longview, Kelso, Woodland, Castle Rock, Kalama, Toutle, Silver Lake and surrounding communities in Cowlitz County.

803 active listings

130 days on the market

$292,705.00 was the average price.

8 contingent listings

115 days average on the market

46 pending listings

127 days average days on the market

56 sold listings

127 average days on the market

$171,698 was the average price for sold homes

The most active price range was the $250,000.00 to $299,000.00 price range for homes sold in Cowlitz County, Washington

The statistics show the Cowlitz County market is getting tougher and tougher. Sucks hu?

 http://longviewbiz.com/index.php      http://longviewbiz.com/Real-Estate.html