We seem to have had a large number of people lately that are trying to get the best values and then are disappointed when there are six or seven other offers. Is it the same in your market?
What can we do to "jump start" home sales in a variety of price points? As an example we only have 20 homes or homes on acreage or condos in Boise, Idaho that have a price above $1,000,000. There may be a few more in other nearby communities, so we really only need twenty buyers to wipe out that inventory.
At the low end of the price point, we have HUD-owned homes, REO's, short sales, and some equity sellers. We have homes available for as little as $45,000. Any investors willing to purchase a home, fix it up for $10,000 or so and then set it up as a rental? Our vacancy rate is about 3% which is like unemployment anything under 5% is expected.
Do any of you have investors that would like to invest in Boise, Idaho? We will gladly pay a referral fee for the leads.
We have two regional hospital systems here. We have the affordability index down to 17% of gross income. Now is the time if you ahve people who would like to move here. But move fast as inventories are down. Fewer and fewer homes available means we may see prices start to climb.
Let me know whats happening in your area. Let's build some synergy of agent to agent referrals here on ActiveRain!
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