Yesterday I did a quick video explaining that I was so busy with all the offer I was working on that I have done less videos then I wanted so far. Not a bad problem to have. I am actually surprised by the start. Its funny though I have 3 offers accepted now so far and real close on 2 more, I have another that seems like a long shot and at this point 2 got beat out in multiple offers. I am going to be putting together one more offer today for someone. Plus I have started working with 3 other new buyers.
Thus, it takes extra diligence to keep up on the blogging. The good news is that I hear a lot of other people are off to a great start in 2011. It seems like the market activity is picking up. We are now seeing multiple offer situations again. Something that in the north metro area of Minnesota seemed to not happen much at the end of 2010.
Why the new rush of buyers? I think a lot of buyers see the affordability of homes and have been working on getting their financials in order to purchase. I suppose a lot of buyers were waiting to get through the Holidays before they started to make offers.
I would expect more buyers to continue to come forward and try to purchase to home. A lot of my buyers are buying investment homes. This is a really good time to buy an investment property. If you have some extra money and your looking for something to do with it, buying an investment property is something to look into.
Message to sellers: Your home is not going to jump in price soon in my service area of Minnesota. However, there is strong activity and I expect more of it moving toward Spring which will at least give you a good shot of selling your home if you price it where it needs to be.
Message to buyers: Rates are low, prices are low, and its going to get busier in the next 30 days. If you have been waiting to see what the market will do now is the time to do it otherwise your going to hit multiple offers in the Spring on the good houses that you would love to live in.
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