"Nobody has money. Nobody's buying." Not so in Coeur d'Alene, Idaho

By
Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

A woman overheard snippets of a conversation I was having.  She approached me to see if she had heard correctly, that I was actually keeping really busy in real estate.

I told her that indeed I was.  She looked skeptical and astonished, and said, "That's AMAZING! Nobody has money.  Nobody's buying."  I laughed and said that I had just had two closings on Friday, one was for cash.

People are buyingI brokered a private deal with a happy buyer of their spectacular riverfront retirement dream home for $850,000 CASH!  I am working with other buyers looking for a their retirement dream home who will close as soon as they find it, for up to $400,000 CASH.  I have buyers under contract for a smoking hot deal on a lovely Coeur d'Alene Lake waterfront parcel on which they will build their dream home.  They have money, and they're buying! 

On Friday I also closed a deal with some happy first time home buyers.  They didn't have money, but they bought.  Saturday, I submitted an offer for other first timers.  They have a little money, and they are definitely buying.  I got word today that another offer has come in on that house, and a third was on its way...  More people buying.

Believe me when I say this - there are people who have money, and people are buying!

They are being careful.  But they are buying. 

People without  money realize that interest rates are at historical lows and are bound to bounce back up soon!  Like my first timers Friday, they can qualify for more house than they will be able to when interest rates rise.  My clients are now in a beautiful new home and paying less than they were in rent!

People with money realize it's a buyer's market and there are once-in-a-lifetime deals to be had on waterfront and luxury homes.  They are taking advantage of the climate and opportunity to purchase their dream home, or second home.  Investors are out in droves.  All signs and forecasts in 2012 are that we have hit bottom locally, and we are seeing home prices recovering.

Next time someone tells you that no one has money, and no one is buying, have them call me and I'll set them straight!

Posted by

Janna Rankin Scharf provides a superior level of real estate service to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com for area information and to search for all homes in the Coeur d'Alene Multiple Listing Service. 

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today so I can  be of service to you!

Janna Rankin Scharf AB, GRI, CLHMS, PMN, SFR  208.651.9700

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Comments (4)

Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI Real Adventures

This made me chuckle to myself! So true. Glad buisness is great for you, so nice to hear these stories. Have a great weekend!

Sep 07, 2012 01:20 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks for the blog.  It is true business is up in our area and buyers are everywhere.

Sep 07, 2012 01:22 AM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Yes! People with just closing money to cash are buying here in Texas... So I am sure it is the same careful buyers across the nations doing the same.

Sep 07, 2012 01:32 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

We are in a seller's market in San Diego County, and you are absolutely right--it is buying season again!

Sep 07, 2012 01:34 AM