Hi Folks, Just today I picked up the paper to read our real estate market described as a feeding frenzy. But is it? Brokers and buyers lament the lack of inventory, and that is true in certain price ranges. A closer look at today’s market indicates that it has never been better for the move-up buyer.
In Superior and Louisville there are 17 homes available to choose from priced above $600,000. That sounds like plenty of inventory and a market that favors buyers, rather than sellers. On the flip side when that buyer has a house to sell, they Their home will have multiple buyers interested and the potential to receive over their asking price.
The equation gets even better for this move-up buyer when it is time to finance the new “forever” home. The move-up buyer will have some of the lowest rates in history to ease the transition to a larger mortgage. While some choose to complain about the market conditions others will take advantage of the market and prosper. Is this the year that you move-up?
Call me I’d love to help!