ALL >> Real-Estate-and-Foreclosure >> View Article
The Real Estate Market In United States In 2008
At present the real estate market in the United States does not look much promising. Despite the 75 basis point rate cut the situation seems to look a bit mawkish. If you want to protect your self from the falling real estate prices, there are ways that you can adopt. Let us now look at the reasons for the fall in the US real estate prices. According to Boston fed president Rosengren, the recent fall in the real estate prices in the United States of America is the most severe downfall that the United States has experienced in the past 50 years. The evidence of the downturn can be seen by the increasing numbers of foreclosures. This year the nation wide foreclosure was around 5,00,000 in the third quarter, which was approximately double of what it was in the previous year at the same time. According to him around two million foreclosures could tale place in the year 2007-2008.
In these uncertain times there are certain methods that you can adopt to protect your property. You can lock in your property at the current market price, so that you can at least secure that value. You can make a contract with certain companies ...
... who are ready to enter in to a contract, whereby you can sell your property to them after 2 years at a pre decided value. This predefined value is known as the lock in value and the owner of the property has the right to sell the property to sell at that price after a period of two years and within a period of 10 years.
The advantage that the property holder enjoys is that no matter what is the price in the market, he can still get the locked in value. In case the market value falls considerably he can still sell the property to the dealer at the fixed price. In this case you can exercise the deal if real estate market prices fall. In case the real estate market recovers there is no obligation on the part of the owner to sell it to the contractor. Thus this is a win- win situation for you.
This scheme gives the owners of the property peace of mind. As because, for a nominal fees they can be assured that they will be able to fetch the guaranteed amount for their property no matter how the real estate market fares.
William King is the director of Dubai Property & UAE Property & Dubai Real Estate Portal, Pakistan Property & Pakistan Real Estate Properties Portal and France Wholesalers - French Wholesale Dropshippers & Suppliers Directory . He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.
Add Comment
Real Estate and Foreclosure Articles
1. Lavender – Elegant Homes For Modern FamiliesAuthor: Dishant
2. Discover Your Dream Property: Edmonton Homes For Sale
Author: Haupt Realty
3. Ace Divino: A Premier Destination For Relaxation
Author: Invest Mango
4. Aipl Joy District: A Premier Commercial Hub In Sector 88, Gurgaon
Author: AIPL Joy District
5. M3m Capital’s Fitness And Wellness Amenities: A Healthier Lifestyle
Author: Khushi Singh
6. Flats For Rent In Phase -9 Mohali
Author: Ravinder Kumar
7. Flat For Rent In Pancham Society
Author: Ravinder Kumar
8. Write For Us-nirwana Estate
Author: Ravinder Kumar
9. Flat For Rent In Gobind Apartment
Author: Ravinder Kumar
10. Real Estate Agent Akash Singh
Author: Ravinder Kumar
11. Real Estate Prices Fall In Mohali
Author: Ravinder Kumar
12. Property Maintenance And Repair Management In Bahrain's Rental Market
Author: Hannan
13. Total Environment Jakkur
Author: Total Environment
14. Redefining Spaces: The Role Of Architects In Dehradun With Heritage Architects
Author: Heritage Architects
15. Dholera Solar Park: Shaping The Future Of Clean Energy In India
Author: Tatvam Dholera SIR