They say (whoever "they" is) that every storm cloud has a silver lining. And so it is true with the slowly passing housing market crunch. For example, prices which had been going absolutely crazy have now settled to modest levels. In fact, one home builder I know is building new ranch style, 3 bed, 2 bath homes with attached double car garage and frog on half acre lots for $165K to $185K. Wow! A new home for $165K!! These are quality homes and yes, they are selling!
A second silver lining is that first time home buyers have been courageously taking the plunge and buying homes. Personally, I have worked with five since the beginning of the year and as buyers they have been great! One survey showed that 43% of all buyers have been first time home buyers!
Then, finally, there is a greater spirit of cooperation among agents in the area. Instead of seeing other agents as the "competition" there is a greater sense of "we're in this together let's try and make every deal work." As a result, the customer, buyer and seller, is the winner! And when that happens that is a good thing!
Yeah, who would've thought the housing market "crash" would bring anything good!
Comments(0)