Word must be getting out that it is a great time to buy a house. I recently returned from a well needed vacation and just before I left, I wrote 3 offers, had a couple that wanted to look at new construction, and another couple coming in from out of state the weekend I would be gone. Doesn't it always work out that way?? Anyhow, that couple wrote an offer while I was gone with the girl who was covering for me. Two of these pending sales are luxury homes, of over $500k. One is in Summit County and the other is in Stark County. Both areas where the average price of a home hovers around the $120k - $130k mark. Another client just wrote an offer on a second home, lakefront property in Portage Lakes, and another buyer is taking advantage of a foreclosed property. Both of my Luxury Home buyers are from out of state, so those prices seem like almost a bargain to them considering the prices in the areas they are from. It is also great news to this area in Ohio where the employment rate is a little higher than the average. I'm happy that we have jobs in the area that are luring in the out of state buyer. Hopefully the rest of '08 looks as positive as May does.
Team One - The Franklin Group - Layton, UT
I think the people spreading the bad publicity are called reporters. It's to bad they don't have a clue to what is really going on in the real estate market in the US.
May 21, 2008 05:25 AM
Van Dyk Group - Barnegat, NJ
The Muldowney Team - Ocean County Homes
I agree. The media is definitely hurting us. We focus a lot of our marketing time on the internet and we are having a great year so far. Also, last year, (supposedly another bad year), we had the best year in real estate we had ever had. If you are willing to do a little extra work, you can still do well in this market. We just can't sit around and wait for the business to come to us, like we were able to do a couple of years ago.
May 21, 2008 05:54 AM
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