Realtor Jargon:
Interim financing -
Short-term financing used by sellers to bridge the gap between the sale of one house and the purchase of another (also known as bridge or swing loans). A construction loan is also a form of interim financing.
Take This Tough Market and Turn It

So we have all been reading and watching the statistics of our current real estate market.  Its been gloomy and dreary all places of our nation.  Clouds reaching even in the once brightest and strongest of markets.  What does this all mean, will it ever bounce back? If so, when?  Many have been asking these questions and reading every report printed, its been theory that we will not see an increase in real estate earlier than late Fall 2008 or possible Spring 2009.

Many factors decide the fate of real estate.  Some are of course; the cost of money, politics, trust, environment and income.  With foreclosures being at an all time high, its hard for either party to trust, getting the money is difficult and our environment is constantly changing, thus leaving many buyers without the "perfect home" and sellers stuck with an investment they prefer to unload.  As a real estate professional and a bit of a visionary, I see hope.  I truly believe there is a silver lining to the ugly clouds that of been looming.

For sooooo long, its been a buyers market, and still is.   Even though sellers at one point became tired and fed up with buyers having all the control, I believe the buyer has the power to help take this tough market and turn it!  A BUYER a true BUYER (qualified to purchase) has a very powerful position.  Investors thought they were their peak several months ago, think again, foreclosures are at an all time high!

To me I like to call todays market an investors ideal situation, if they buy right.  Why you ask, because fewer people are able to get financed, thus leaving them with still wanting "The American Dream."  They still desire to own their own home.  An investor can be the hero.  Purchasing a foreclosure property at a fraction of the price, and providing affordable housing to such people is a great opportunity for both parties.  An investor can lease with option to purchase to the person that was unable to get traditional funding at the time.  Soon this real estate trend would evolve and grow, eventually helping the market turn upward once again.



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