There's been a decline in the inventory of available homes for sale in recent days -- a fancy way of saying some houses have been sold -- but it's too soon to say it's a trend.
Today, June 1, the total number of available residential properties in the Multiple Listing Service covering Americus and Ellaville, Ga., is 149. That's down from 162 just three days ago.
Are things looking up in the real estate market? Let's hope so. There's a buyer out there for every house, and some of them have been on the market for six months or more. Most sellers are pricing their homes to sell. So what's the problem? Some buyers can't get mortgage loans.
But now there appears a glimmer of silver lining behind the mortgage money cloud. A few more buyers are being pre-approved for loans, and are able to put homes under contract. That's great news for buyers, sellers, mortgage lenders, real estate agents, closing attorneys, builders, home improvement stores, the cities and counties that collect property taxes, the school systems that depend on taxes, and everyone in general.
So if you're a pre-approved buyer, thank you very much!
A reminder: Pre-approved buyers who use Michael Dixon as their agent, and who close the purchase of a home (priced at $85,000 or more) get their choice of a one-year home warranty covering the major systems of their home against breakdown, or a gift certificate from Lowe's valued at $400.00. Which would you rather have?
Are you familiar with the purpose of the Multiple Listing Service and how it works to your advantage? Maybe I'll write my next blog about the MLS. Till then, thank God or your lucky stars that you live in southwest Georgia. Ain't it great!
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