What an incredible day!
I am working with a wonderful couple that have three daughters. They transferred to the Lebanon Missouri area a few years ago and have been renting since then. Feeling they will stay here, without another transfer in the near future, they decided to buy. They have been to the bank, they have been pre-approved and have money in the bank for a down payment. All the pieces are in place to make an offer on a home.
Earlier this week, we looked at a foreclosure in Phillipsburg Missouri. Our choices have been some what limited as they want to stay in the Laclede County R-1 school district. There isn't a whole lot for sale in this school district, as it ranks well in the State and has a very strong reputation in the area. There is limited turn over within the boundaries of the district.
So... back to my story. We look at the home. A few family 
members look over the home. The buyers made a list of potential repairs and went home to talk about an offer. They later called to say they would be in Friday morning, their day off, to write an offer.
This morning, we meet at the Lebanon MO office and I pull up the data sheet. I go on to pull up our state forms software, flipping back to the MLS data sheet. Upon doing so, the page refreshes...what do I see? The home is now under contract? What? Five minutes ago it still showed as "active."
Placing a call to the listing agent, I find out that the REO company did indeed accept an offer this morning from another local buyer.
My buyers lost a home that had everything they were looking for - the right school district, a little bit of land, no major repairs, a storm shelter or safe room and at least two full baths.
As of today, the home had been on the market 169 days. They thought they had plenty of time. They thought it wasn't going any where any time soon. They thought homes weren't moving - that is what the media told them.
The morning was an emotional roller coaster.
Our market has seen an increase in Internet traffic and an increase in telephone calls. It looks like we'll also see an increase in pendings and solds in the near future.
If you're thinking of buying or selling, why wait?
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Contact Debbie DiFonzo, Broker, United Country VIP Realty, at 417-468-5900 to list your property for sale or to purchase a property in Marshfield, Conway, Phillipsburg, Lebanon, Long Lane, or Buffalo, Missouri.
Contact Debbie at: Debbie@ucvip.com
Copyright © 2009 By Debbie DiFonzo, All Rights Reserved.
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Hey Debbie!
Great post and way to get the word out. I'm working with a couple that lost out on 3 or so homes this week. We went looking again today and found one and a few hours later it was gone too! Fortunately, our back-(back, back, back, back)-up was still available and I just sent over an offer on it. Keeping my fingers crossed!
I'm not bold enough to say that we've hit bottom, but smart money is seeing incredible opportunites in the market and they are buying it up.