Best Buy List

My company has asked me to compile a list of properties on our MLS that are the most well priced. I am basing this largely on $/sqft while comparing homes in the same neighborhood and comparing similar conditioned homes. My thought is that no more than 20% of the current inventory is well priced. This has been an overwhelming task to say the least. I am almost finished and we will make this list available to Carolina One Realtors just after the first of the year. If you are selling, you will want to price your home correctly so that you can get on this list. If you are a buyer, you will want to get a look at this list. No one wants to buy an overpriced home.

FHA Changes

The FHA loan limits are decreasing by about $15,000 and the level of downpayment is increasing to 3.5% from 3% as of Jan 1, 2009. This is not good news. If you're thinking about buying now, you should lock in the current limits as soon as possible.