THE BOTTOM IS GOING TO FALL OUT ANYTIME
While this is a valid concern when we continue to see Bozeman homes prices going up, however, there is no actual evidence to support this. Interest rates are stable, buyer demand is high and inventory is low. Of course, the market will eventually see a decline as all financial markets do, but it doesn’t appear to be in Bozeman’s immediate future.
IT IS BEST TO WAIT UNTIL SPRING IN BOZEMAN TO LIST YOUR HOME
There are buyers looking for homes all year long, no matter what the season. If everyone waits until spring to put their home on the market, there will be a lot of competition for each home. If you list in winter there is generally less inventory and more demand from buyers. There’s a better chance at multiple offers coming in. Winter can be long in Bozeman so things can't stop just because of the cold and snow!
THE POPULATION IN THE GALLATIN VALLEY WILL START TO SLOW DOWN SOON
On the contrary, there is evidence that Bozeman will continue to flourish with no slow down in sight. There are numerous upcoming hotels and projects coming to Bozeman, new technology companies moving in and a potential convention center going in Belgrade. Most predictions and forecasts show that our population growth will continue, as with most university towns in the Rocky Mountain West.
USING THE LISTING AGENT IN BOZEMAN'S STRONG MARKET WILL GET YOU A BETTER DEAL
There are so many benefits to using a buyers agent and what most people don’t realize is it doesn’t cost you anything to use an agent when buying a home. The Bozeman real estate market is strong and there are many buyers competing for homes with the inventory being low. A buyer’s broker will be on the lookout for you in this competitive market. It’s important to remember that a listing agent is looking after the best interest of the seller. It’s nice to have someone looking out for your best interest.
EVERYTHING IS EXPENSIVE
This is probably a big one on everybody's mind. Yes, the real estate market in Bozeman is strong. However, there ARE affordable options still out there…you just have to look (or have your agent look, that’s what they are there for after all!) It’s also helpful to keep an open mind. Consider fixer-uppers if you are handy, check out condos (there are some great ones in Bozeman!) and be open to different neighborhoods and areas outside of Bozeman. You never know what gem might be hiding where you least expect it.
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