Homes Are Beginning To Move Quickly

We recently listed 2 homes that received offers within 2 weeks, one of those homes even received multiple offers. As we see that the market is beginning to shift, more and more buyers are benefiting from local real estate conditions and these opportunites may not last as long as some buyers think!  In recent weeks we have seen interest rates climb and experts predict a steady increase through next year.  Home buyers should take advantage of this window of opportunity!  The Bouma Group provides a team of excellent Buyers Agents who provide a high level of service for their clients, to contact our office click here.

Here Today, Gone Tomorrow

Chances are that the same house you are interested in today and deciding to wait on, was previewed by another home buyer yesterday and they are planning to make an offer TODAY.  We are seeing it more and more here in Ann Arbor.  In order to take advantage of this fantastic market, you must move quickly.  Select a Real Estate Professional in advance who is an expert in the Ann Arbor Real Estate Market.  This is a strong buyers market, however not all homes are the same.  A premium location matched with excellent condition brings a great deal of value to a particular home on the market.  The bottom line is this - great houses sell in every single market! To preview the entire Washtenaw County MLS click here.

A Decrease In Inventory Means Less Opportunity

In the first 6 months of 2008, we saw a decrease in residential home listings by 26%, compared to last year.  In regard to the overall market in Washtenaw County, that's an exciting trend to follow.  While the sellers are thrilled to see a decline in inventory, home buyers are finding even fewer options and far more competition.  Single family homes and condominium sales are up from last year, showing a sign that the market may be stabilizing and that the bottom could already be behind us.  For more information on current condo listings and sales go to the Ann Arbor Condo Hotline.  For more information on current residential listings and sales go to the Ann Arbor Subdivision Hotline.

Waiting For Home Prices To Possible Fall May Cost You

A question that you may be asking yourself next year - "Where was I when interest rates were so low and the inventory brought so much opportunity?  What was I thinking when prices hit rock bottom?"  Deciding to wait may cost you in the long run.  While you wait for home prices to possibly creep down, you will actually lose 11% of your buying power when the interest rate goes up 1%.  The time to purchase a home is right now.  Have you recently bought your dream home and were competing with another buyer?  Did you sell your home and receive multiple offers?  We would like to hear more about your experience.

To learn more about the Ann Arbor Real Estate Market please visit www.bouma.com