Greetings from Redding, CA in the northern part of the Sacramento Valley, where we have just had our share of forest fires, and some are still burning. That said, this week we set a record in real estate, getting over 30 offers on a bank owned home priced just below the market at $205,000. 30 buyers fully qualified; some as cash buyers; but all looking to buy. Monday, in our office, we had another listing, not bank owned, priced to sell, and had 7 offers in 2 days. Another at $185,000 had a full price, no contingency, cash offer in 6 hours. All of this tells us that there are buyers out there, and are buying if the price is right, along with the other variables, such as condition,etc.
In this time of "gloom and doom" in the housing industry, there are some "bright spots", and I just wanted to relate this. Yesterday at our Realtors Board member, this subject came up, and we are going locally with alot of media to get the word out that "there are some good buys out there; money is at a great interest rate; and this is the time to buy".
Thanks for listening.
Ron Largent www.ronlargent.com ronlargent@kw.com
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