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Real Estate Market is Picking Up

You know, as an agent, I am noticing changes in the market. I have recently seen some homes go on the market and sell in a week or a day. Some foreclosures and some regular home sales. Homes are starting to move faster. Some homes are crisp, clean, and great curb appeal and some homes are just a plan good old deal that needs just a little work.

Just last week I started working with a young couple that is getting married in the summer.  They are looking for a starter home under $30K. There are a few around that are in livable condition. Funny thing is that at least three they inquired about were sold in less than a week with multiple offers. One that had been on the market for over a year had four interested parties including mine and boom gone – sold to the owner’s daughter.

So inventory is getting sold off more quickly. I must say from what I am seeing, it is a fast moving spring market for the homes that are priced right and have the appeal.  Buyers you have a little over 6 months to take advantage of the first time home buyer tax credit. Combine that with today’s interest rates.  Also, consider those homes that have been sitting there (that you have been watching), they may not get reduced anymore in price.  They will just be sold – boom gone.

When I bought my first home in 1993, I had been looking for quite sometime. At that time the market was turning over houses very quickly. I kept loosing them to other buyers – it was very frustrating. The home that I chose, had only been on the market 10 days. I walked in and new I wanted it. I had the offer written up that night and it got accepted. I was told another woman was coming back the next day to pay cash and I beat her to it. I was so happy that I was able to secure the home. I lived there for almost 10 happy years.

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