Take a break for the 4th quarter of 2008!

As we head into the fall and 4th quarter of 2008, no one could have expected or predicted the wild ride Wall Street has provided us. I will be honest I am afraid to look at my SEP account and Raymond's 401K plan and I haven't. The reason, you ask, I don't want to panic. Yes, our accounts have taken a plunge and yes so have our real estate investments. But what is a girl to do? Remain calm! I plan on nestling down for the coming 4th quarter and not sell any of our investments.

As my Grandmother would point out, there is a silver lining in everything. Even this correction, recession whatever you want to call it has a silver lining. Here is my list of good things that will or have happened
1. Margo and I have already gotten back to the basis of selling. We will continue to ask for your referral business in the coming year.
2. For those in the market to REO/bank owned properties that are less than a year old and in excellent condition. Banks are willing to deal to get these homes out of inventory.
3. Inventory levels in Atlanta have dropped. Our number of homes on the market have dropped by 20%. If you have to sell...get it on the market! You stand a better chance to sell!
4. Home prices are affordable. In 2004/2005 when I was showing property I was always sticker shocked...and I am the agent! Prices have come down in Atlanta making our lives much more affordable.
5. Building materials are at an all time low. If you are looking to build or add on...go for it. You will not only have the red carpet rolled out for you by the contractor but the costs will be less as compared to 2004/2005.

As we head into the holiday months I know that I will be greatful for the business I have gotten this year and look forward to the referrals I will receive in 2009.

Happy Fall!