But my friend got a great deal 2 years ago!

By
Real Estate Agent with Atlanta Communities 303302

The housing market changes quickly. Sometimes hour to hour. I have a client looking for a home where it will be tough to find something based on his needs and ability to buy. Not impossible, but tough.

During our first conversation we discussed what he was looking for, got him pre-approved by a lender, and I started looking. My new client told me he had a friend who got a great deal 2 years ago and that's what he wants. Me too.

The current local market is now in a sellers market. We have too few sellers being chased by too many buyers. This forces prices up. Most of the "Deals" were taken by investors several years ago, wiping out the low end of the available inventory. Many of the deals have moved to the higher price points.

The market is tight right now for buyers in the under $200,000 price points.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

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Topic:
Home Buying
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Georgia Cherokee County
Groups:
Active Rain Newbies
Realtors®
Out Of The Box!
Almost Anything Goes
Diary of a Realtor
Tags:
inventory
sellers market
under 200000
peter den boer
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Rainmaker
1,763,811
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Wouldn't we all like the benefit of investing in the past!  lol

Perhaps your friend should consider the opportunity to but today may slip away too!

Jan 20, 2016 09:45 PM #1
Rainmaker
743,638
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

2 Years ago we had plenty of homes under 200k. Now the ones at 200k and less are quite often "lot value" only.

Jan 20, 2016 10:17 PM #2
Rainmaker
1,190,788
Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

How many times have we heard this. Snooze you loose.

Jan 20, 2016 10:49 PM #3
Rainmaker
3,573,685
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Peter. I read your title and laughed. Me three. No one ever comes and says I want to pay as much as I can. Have a good day.

Jan 20, 2016 10:54 PM #4
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Rainmaker
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Peter den Boer

MBA,GRI, Associate Broker, Realtor
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