We all agree that we are still in a buyer's market. However, the homes for sale in the lower price ranges are attracting multiple offers, and I believe this is a steady market that will soon experience rising prices. Do you agree? Investors and homeowners seem to be fighting over the available homes less than $100,000 and even as high as $200,000. Often there's a rush to get the offer in immediately.
Today I had a buyer call me to put an offer in on a home. When I called the listing agent, I was told that 2 offers had come in over the weekend, and that the seller had already accepted one. When I told the buyer his offer would have to be put in back-up position, he was kicking himself for thinking about it on Saturday rather than submitting the offer then. He spoke to his wife about making future offers quickly! That;s a wise choice in the Cedar City/Enoch area real estate market here in Utah.
Our low prices are attracting buyers, and the low interest rates are making affordable payments. Buyers can purchase homes in price ranges that weren't even available here a few years ago. Investors can often make a nice profit over and above the mortgage payment from the rents. Homeowners can often pay less to own their own home than rent.
This is not the time to make a quick profit by buying low and selling high, but I strongly believe it's a great time to buy and hold while prices go up. Call today and join the home buying fun! Remember, many millionaires were made in the past by buyers purchasing homes during buyer's markets like we have today.
Please call Janet's team at ERA Realty Center at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com for help with all your real estate needs whether buying or selling. Janet Naisbitt-Bagley and her team will work hard to help you make your real estate dreams come true.
Check out the foreclosures, short sales, HUD homes and homes priced like foreclosures at www.homesincedarcity.com. Then call Janet's team at 435-865-1019 or 800-934-3742 for your free tour. Experience the difference with the real estate top service team that is knowledgeable, experienced and that cares about you.
NOTICE: Janet's team at ERA Realty Center in Cedar City, Utah, loves referrals!
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