In my opinion our market here is at the bottom. It reminds me of the market in 1992 when I first got into the real estate business. We have several foreclosures now in the Copper Cove Subdivision and an abundance of short sales in the Calypso Bay Community. It is very interesting that the Lake Tulloch Shores Subdivision, (better known as Poker Flat) has had only one short sale and one foreclosure recently.
The Sellers who are serious now in selling have dropped their prices accordingly. All in all there are some excellent buys out there for just about everyone; from first time home buyers to investors. The market WILL climb back up even though it might take a few years. There will be money to be made once again.
If Sellers are concerned with selling low, it is only a positive that you now can purchase low and save on your property taxes. Those property taxes go on forever.
Now is also a wonderful time to pick up a decent priced waterfront home. Lake Tulloch is our #1 attraction!!! Water sports, good old R&R and don't forget FISHING.
If you are considering selling or purchasing in todays current market, please contact myself @ (209)770-2724 and I would be happy to assist you.
To view current listings in the Lake Tulloch area please log on to www.laketulloch.com
If you are in need of a lender please contact janet@peregrinelending.com