Where are the deals??
They are almost gone.
Twenty-four months ago the market was so buried in inventory that people could literally pick a neighborhood, wander through it, choose a home to their liking and be fairly confident that the home purchased was a great deal. Those days look to be gone and it all seemed to happen in the blink of an eye. In 2011 investors caught wind of the opportunity and swooped in, buying up huge portions of the distressed inventory leaving little in their path.
There are quality homes at low prices still out there, but the market is tightening quickly as demand rises. According to the basic principles of economics: increase in demand = increase in prices. We have already witnessed the beginning of this change in the market. The “steals” are selling for more than list price and the great deals are as competitive as ever. If you are still waiting for the market to “hit bottom” then you may have missed it. I can’t say with 100% certainty that the days of decline are behind us yet all statistics show that the market is currently gaining an enormous amount of steam.
Now is the time to act! Call me today to begin your search: 208-869-3469
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