Mortgage defaults in the Des Moines real estate market are all over the news, and home sellers are left wondering what will happen to their homes. Without the much needed level of subprime mortgages to balance out the market, how will home purchases rebound, or better yet, remain consistent? Home sellers will need to step up the game in order to entice new buyers to purchase their homes. It is no longer the simple task of finding a mortgage and buying, now, with mortgages being more tight reigned than ever before, it is about showing why your property is THE one to buy.
Home sellers can list their home below market value, offer open houses and even advertise their property only to find that their home remains on the market month after month. Mortgage approvals are following stricter guidelines thanks to a wealth of subprime foreclosures and buyers are feeling the weight of this crunch. If a seller wants to sell their home, they will need to show why the home is a great deal.