Are There Any Deals Left?

As the housing market continues to heat up, buyers are asking themselves if they have waited too long to jump into the market.  There is an old saying in the real estate business that the way you know when the market has hit bottom is after it has already happened!

 

Foreclosures and short sales are still plentiful, but more regular sales are emerging as sellers are making the decision to sell now.   While banks and some short sale agents are putting properties on the market at a low price,  the buyers are bidding over the listed price in most cases.

 

So, are there any deals left?  I suppose it depends on what you consider a deal.  Home prices are still lower than they have been in years.  In my opinion, almost anything you buy right now on the beautiful Central Coast of Calfornia, is a deal.  But then again, I may be a little biased in that opinion.

 

Prices are going up slowly, so home-flippers have a better chance of coming out ahead these days, as do long term investors.

 

Nancy Puder is the broker and owner of Signature Properties, a real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 She always enjoys hearing from you!