What Is Selling in Today's Market?
With the prices of real estate at such a low, you would think that things are flying off the shelves. In some respect they are and in others not so much. Investors are out buying which is a good sign that this is an optimal time for anyone to buy. You always pay attention to what investors are doing, they are usually ahead of the game and know when to strike.
Most residential properties are being grabbed up. Not in great volumes but considering how many properties are on the market it is no wonder it takes a little while to get a home sold, there is just way too much competition.
Lender owned homes go quickly, some to investors who will fix them up and swap them and others to individuals who want to get a great deal and do not mind putting a little sweat equity into the home.
Short sales are all around and they do get sold, they are a little slower to the punch because buyers are getting a bit tired of the long wait although many banks have started to streamline their process and get things done a little faster. Some are a lot faster than others and each case is individual and depends on the whole situation as to whether or not it takes just a month or two or if it takes many months to get final approval. Talk to a good realtor to find out what takes longer than another home.
Condos sell a little less quickly than a single family home although many buyers are looking to condos because finding a little home for under a hundred thousand dollars is a great possibility now especially with a condo.
Land is not selling nearly as quickly as it did in the past. Getting funds to build a home is scarce so in turn land to build a home has really dropped off.
What about homes that are normal sales? Are there any? Yes, they are beginning to come back even more now that the prices have seemed to hit their bottom and are likely to slowly creep back up. In fact, many people are buying these homes more than they are bank owned or short sales for a few reasons. First, they can actually ask for repairs to be made after their inspection. Second, the home is usually better cared for and in much better condition all around. A bonus and probably a huge factor is the negotiating with a human being instead of someone handling a file is a big plus.
There probably won't be a better time to buy, if you still qualify and with all the short sales and foreclosures a lot of people are forced to rent for many years.
Article Source: Ezinearticles
http://hamptonbeachcondo.realgeeks.com/blog/
Most residential properties are being grabbed up. Not in great volumes but considering how many properties are on the market it is no wonder it takes a little while to get a home sold, there is just way too much competition.
Lender owned homes go quickly, some to investors who will fix them up and swap them and others to individuals who want to get a great deal and do not mind putting a little sweat equity into the home.
Short sales are all around and they do get sold, they are a little slower to the punch because buyers are getting a bit tired of the long wait although many banks have started to streamline their process and get things done a little faster. Some are a lot faster than others and each case is individual and depends on the whole situation as to whether or not it takes just a month or two or if it takes many months to get final approval. Talk to a good realtor to find out what takes longer than another home.
Condos sell a little less quickly than a single family home although many buyers are looking to condos because finding a little home for under a hundred thousand dollars is a great possibility now especially with a condo.
Land is not selling nearly as quickly as it did in the past. Getting funds to build a home is scarce so in turn land to build a home has really dropped off.
What about homes that are normal sales? Are there any? Yes, they are beginning to come back even more now that the prices have seemed to hit their bottom and are likely to slowly creep back up. In fact, many people are buying these homes more than they are bank owned or short sales for a few reasons. First, they can actually ask for repairs to be made after their inspection. Second, the home is usually better cared for and in much better condition all around. A bonus and probably a huge factor is the negotiating with a human being instead of someone handling a file is a big plus.
There probably won't be a better time to buy, if you still qualify and with all the short sales and foreclosures a lot of people are forced to rent for many years.
Article Source: Ezinearticles
http://hamptonbeachcondo.realgeeks.com/blog/
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