Wow! Real Estate has Gone NUTS!
June 2, 2010 1 Comment
It’s been a couple of weeks since my last post…I can explain my blog absence. You’ll be happy to know I’ve been busting it at work which is good for me, my clients, and you!
In the last two weeks, I’ve helped to put four houses under contract. Yes, it appears buyers are no longer “just looking” and are making decisions.
Why?
There is a lot of pent up demand.
People are becoming accustomed to the “new norm” of the economy.
They’re ready to make decisions and get on with life.
Some buyers were looking to get out of an apartment.
Some buyers had the ability to take advantage of a good opportunity.
Does it mean that sellers in the Ballantyne area residential real estate market can pop the champagne and throw a party? Yes and no.
Your house is not worth what it was worth three years ago. Get used to it…it’s reality. And realize too that the house you are going to purchase isn’t worth as much either. If you’re a move up buyer, that million dollar house may only be worth $800K today.
If you looked at a $300,000 house a couple years ago, you can buy that house now for $270,000. Yes, some sellers will hold out, but they are being delusional.
What is your house worth today? Looking to buy a dream home? Call me at (704) 634-9682 or email me at david.huss@allentate.com
Not ready, but are curious to keep up with your home’s value? Then go to www.charlottehousevalues.com and sign up for my free monthly value report. My web site is here. www.davidhuss.com
Here’s a teaser! Next blog…the luxury market is heating up. Yes, the well-to-do are snapping up properties.
About Scott Martin
Just read your blog. your comments were “right on”