The combination of record LOW interest rates, lower or “right priced” homes, homes are selling quickly.
Our office alone this week have three agents with bidding wars on homes listed and homes being bought.
The two key factors are:
Record LOW interest rates, under 4% for a 30 year fixed
Right Priced homes. For the first time in 5 years homes are “Right Priced” Not the over inflated prices of 5 and 6 years ago.
Bargain priced homes, Government and & Bank REO properties are being sold in UNDER 2 months to with Right Pricing. Investors and CASH buyers with buying up bargain priced properties, Cash buyers now account for almost 20% of all home sales in the Raleigh / Durham Market.
This is a very good thing as the lower priced homes being sold, rehabed to “market expectations’ then resold for the “Right Price” will being neighborhood values UP.
New home communities are also seeing sales increases with pre-sales and existing inventory.
Is this the right time to buy? You bet it is. Personally, I have not been this busy in 10 years working BUYERS.
We can still find the right home and the right price for anyone.
Give us a call, and see how we can help you today.
Allen Tate Realty