First Time Home Buyers
I’m constantly being asked, if the market is picking up. My answer is always the same; “Yes, if your property is priced right, especially, if it’s in the first time home buyer price point.” As of this Sunday evening, according to the MLS, there are 38 single family homes listed for sale, priced at $185,000 or under, in Oconomowoc, Arrowhead and Kettle Moraine School Districts. Ten of them have offers. I have just received multiple offers on my Grove Street listing in Oconomowoc, and have heard from other agents who have similarly priced properties for sale, that they are receiving competing offers, as well. Wow!
What does this mean? I think it means that buyers are heeding the advice to stop waiting for the so called bottom of the market, and are moving to receive excellent deals at great prices with great rates, while also cashing in on the $8000 first time home buyer credit. Buyers can no longer afford to wait if they want to cash in on the many opportunities that are available, AND receive their tax credit.
If you are a first time home buyer, and would like to have a free, no obligation analysis of your ability to purchase your first home, please call me at 262-567-8302 ext. 239.
Posted by:
Karen Trepton
