There may be a pot of gold at the end of the rainbow after all. After months of hearing nothing but bad to worse news concerning the real estate industry and the economy in general, we're finally receiving positive news that things are improving, with new home sales up across the nation. Click here to read such a report from REALTrends.
Certainly, here in the Montrose area, we're seeing a lot more activity, especially for homes in the $200,000 and under range. We're also seeing a greater number of short sales and foreclosures, which is spurring interest from investors and bargain hunters, although patience is definitely a virutue and a requirement to close any of these sales.
For the seller, the good news is that if the property is priced right (i.e.,"competitively"), we have actually experienced a few bidding wars or multiple offers. In general, a well-priced home in good condition with good curb appeal, that offers a quick close to the buyer who cannot wait, is selling.
Of course, the best bargain that Montrose has to offer is the subperb quality of life. It makes selling real estate in Montrose fun and gratifying, if not just yet easy. Cheers from Montrose, and enjoy the rest of your summer!
~Ninah
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