As we inch closer to the countdown of the new year we are left with one overwhelming realization. There are less houses for sale and demand is higher then it has been in years!
The New Year brings opportunity in 2013. The year is coming to a close and buyers are out looking for a deal.
I currently have three homes in the same price range and I am now starting to realize that if anyone wants to buy a home at this price point they need to call me since I represent half the inventory!
You heard it here first, It will be a sellers market in 2013. I forcasted last November to my clients and other seasoned agents that November 2011 was the bottom of the real estate market.
Since that time we have been building momentum. Rates are at an all time low, foreclosures and short sales are at an all time high and like piranha the buyers can smell the blood in the water.
The bubble is about to pop and the good values will be snatched up before you know it. Mark my words, There will be a big surge of last minute cash deals as we close out 2012 and properties will be selling to multiple offers, in some occasions for more then the asking price.
Please pass this motivational piece of news along to your friends, clients and family. Real Estate is a safe investment again!
Why would you leave your money in the bank when home values are off by 20% or more? The easiest way to make money over a 5+ year period is to buy up everything you can!
Please let me know if you need a proactive agent to help you get the deal that you want while you still have time... Happy Holidays.
- Mark Pires
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