LETTER FROM:
MICHAEL W. GRISMER,
INVESTOR, REAL ESTATE DEVELOPER/AGENT AND LICENSED AUCTIONEER
MWG & Associates - RE/MAX Connections II - Grismer's Auction & Land
FEBRUARY 3, 2009
OPTIONS AVAILABLE DURING TURBULENT TIMES!!!!!
The times...they are changing... stocks, real estate and commodities have reached a peak in July 2008 and will likely continue to slip lower until the 3rd quarter 2009 . The pace of job losses has accelerated and is wide spread. Nationally, there has been an unprecedented number of foreclosures resulting in an overabundance of homes on the market; consequently, home values are drastically declining. The United States of America has been recently posed with some pretty steep challenges.
------------------Predictions-------------------
The current value of the agriculture land market is flat to 10% down. We will see land values to stay close to where they are now with a firming in Fall 2009.
Home values will see a slight increase with the stimulus package; nevertheless, by October 2009 they will decrease another 10-15%.
All types of commercial property that need to be sold now---SELL NOW to avoid SUBSTANTIAL LOSSES! There will be a drastic decline in commercial values and an overabundance of commercial inventory.
Despite the dire news and dark predictions of this subprime crisis and recession; nevertheless, we must be realistic while remaining optimistic.
Call Michael W. Grismer (847) 812-2961
I can provide realistic and solid knowledge on how to protect your family, home and investments in a turbulent and uncertain economy. There are many realistic options in retaining, selling and purchasing land, residential and commercial properties.
If you have any questions please don't hesitate to contact me at (847) 812-2961 or email me at
mike@mwgassociates.com. I look forward to assisting you.