We get asked all of the time is it a Buyers or Sellers market? As of today it is both. We do not forsee this staying that way for long, but for now it is. The inventory is still low, still under 7000 homes. Five years ago we could find almost 25,000 homes on the market. This gives sellers a strong hand. As for buyers the interest rates still can be found for a 30 year fixed at 4.5%- they expect it to be at 4.7% by fourth quarter. What helps for strong buyers, is being pre-qualified and ready to go before they ever walk into a home. Many buyers can write on contracts, but not all will be able to close. Make sure you do your home work, talk with both a mortgage lender and the realtor prior to looking for a home.
Having a game plan before you start is key. Buying or selling you want to make sure that you are prepared. This market is not for the faint of heart. Krista Simonson www.SimonsonTeam.com