Thursday, August 7, 2008

Hi House Hunters!

News from the real estate front....thanks to Chicago Title

Early in Aug, there were 773 homes listed in Apple Valley, 93 sold in July, with an average of 67 days on market.

A little more housing trivia for you, if your house is priced between $250-$300k you have a 1 in 4 chance of selling. the percent selling is rising slightly.

So what does all this mean.....
boiled down, if you need to sell, now is a tough time, it's a buyers' market. But priced correctly it will most likely sell.

The reality for buyers' is there are bargains out there. But dog gone, I'm not the only one that can find them, so we are getting into multiple bid situations where people are bidding over the asking price in order to get the deal or compensate for
concessions.

Patience is the KEY in this market as a buy to getting a great deal.
You can not fall in love with a house until you get a counter offer from the bank in your hot little hand.

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