Wednesday, May 19, 2010

Now is the time....

Homes sales along the Wasatch Front per the Wasatch Front MLS increased 32.4% in March 2010 compared to March 2009.
Although many people are purchasing distressed properties in foreclosure sales, there are also a large number of purchases made on non-distressed properties. These market trends may indicate that we have reached the bottom.

Message to Buyers and Sellers:

Buyers and sellers, our message is simple: Things are changing and the opportunities available today, won’t last forever.

Buyers: You may not want to make the mistake of waiting for everyone else to make a move before you feel comfortable enough to make a purchase. Many people have already made a purchasing decision and we never know what the bottom of the market is until it has passed. Here’s one thing that is certain: for buyers who need to finance their purchase of real estate, increasing the interest rate is the equivalent of a price increase.

Sellers: If you are serious about selling your property, you may want to adjust your price to where the market is moving, take your lumps and move on or you may be waiting a very long time.
If you are ready to make an informed decision about your real estate opportunities, please contact me today!