First Time Home Buyers Continue to Drive the Real Estate Market in Yamhill County
“After all is said and done, usually more is said than done.”
This week’s activity in Yamhill County was almost the same as last week only fewer closed transactions.
We see a significant jump in bank owned properties entering the marketplace.
I may sound like a broken record but most of the sales again last
week were below $250k. First time homebuyers are taking full advantage
of the great deals, low interest rates and Buyer incentives.
Now is the time to be buying rentals near colleges for student
rentals. If you have a child going to college talk to a lender on how
to best accomplish a sale and future investment!
For those who have homes above 250k there is hope! We have had a
small amount of looking activity in the higher price ranges this week.
We had an several offers that started out ridiculously low but we are
working them up!!
Our Sellers seem to be wise in not following the market all the way
down but have been pricing their homes ahead of the market and staying
on top of it. When that buyer comes along we are finding they are
looking at our properties. We have had some significant price
reductions this week!!!!
If you were a Buyer looking to purchase but waiting to pull
the trigger what would it take for you to make the decision to write
that offer??? THAT IS PRECISELY WHAT WE ARE WORKING TOWARDS!!
Have a great week!
Kelly
**A mortgage review from one of our preferred lenders: http://www.utipu.com/app/invited/id/80497b7a
