October 2009 – Buchman real estate market update


It’s been a while since I last wrote on this blog.  What with the closing of several deals at the end of the summer, settling the kids down in the new school year, and all of the chagim, it’s been difficult to find time to post.  Anyway, to be quite honest, there’s not too much to write about.  That’s because, as usual for this time of year, the market is slow.  There are very few serious vendors, and although there are some buyers around (albeit mainly Israeli), most are just looking and are in no hurry to sign on the dotted line.  American and British buyers have either slashed their budgets due to the economic downturn and the weakness of their currencies, or put a hold on buying for the time being.

I view this time of year as an opportunity to network, plan and strategize for next year’s busy season which is expected to arrive after the winter months.  I am also looking forward to meeting potential clients who are coming on pilot trips to scout out the area during the next few months.  Although these meetings, or rather consultations, can be time-consuming and often don’t culminate in a deal on my part,  I always enjoy meeting people that are planning Aliyah and feel a tremendous sense of responsibility  to help and guide them in choosing the right community and/or finding appropriate housing, even if it’s not in Buchman.

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