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Recently I learned that someone close to me was losing his job.  This person, along with so many other hard working people, has been affected by the bad economy, companies trying to survive by cutting costs, and the overall decline in the job market.

Having talked to him I realized what a financial burden this was going to be for him and his family.  His job is somewhat specialized and he is getting to the point in life where retirement was starting to enter his mind; starting over was the last thing on his mind.

Thinking about this made me think about all the families out there that are struggling in so many ways, and until I started The Gilfillan Group Realtors I really didn't have the flexibility to do anything about it.  

Some people through no fault of their own need help and that's what we want to do. For people who have lost their jobs and have lost equity in their homes we will be offering a serious discount in our fees.  The discount will vary depending on their situation but it could be up to 80 percent in reduced fees.

Normally, I don't think discount brokerages are the way to go, I don't think it is a sustainable business model, especially in these kind of economic times, but, helping our community will always be a sustainable business model.  So with that said there will be some questions and requirements to qualify. If you are anyone you know might be able to benefit from this feel free to call or email us.

 

If you want to ask us questions anonymously you can ask us by clicking HERE

 
 

What is my home REALLY worth?

by TGG Realtors

Are home values still going down?  Is the market stabilizing?  Should I wait to sell my home?  While there are no real answers to these questions, there are definitely no shortages of opinion, some positive and some not so much. There is one fact that remains the same: there are no guarantees.  This month is seeing increased activity.  Does that mean the market is stabilizing?  No, not necessarily.  It could mean that homeowners are getting more realistic or desperate, which can also drive values down.  The most important  part of pricing in this market is to price in FRONT of the curve.  In other words,  if a seller is trying to sell a home for 400,000 dollars in a market that is decreasing 12% a year,  the seller would be better off to price that home in front of the curve at the estimated value in 3 months ( in this case that would be 388,000).  In a down market or a buyers market,  there are more sellers than there are people willing or able to purchase properties.  As a  result, inventory rises and sellers are constantly chasing the curve or the "market".  With inventory up and fewer buyers there is less chance of selling at the perceived "market value".

 

Well, I say get in front of the curve or market.  If you realize this lesson late you will without question lose more money that you should.  It is always better to take a smaller cut sooner than a bigger cut later.  Timing is everything and no one knows when the market will turn, but don't be blindly optimistic; it could take 10 years for prices to return to where they were 2 years ago.

 

This might not be great news, but there is a reason it's called a down market: values are DOWN.

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The Gilfillan Group
The Gilfillan Group Real Estate
Lexington SC 29072
803-600-4226
803-386-8441
Fax: 877-623-0280