Today I went to lunch with Jason Spencer (Prudentail) and Steve Shrope (Southern Utah Title) and among other things we talked about the market.  During our discussion, I couldn’t help but think that maybe right now is the time to buy.   Our market seems to be bottaming out as both Jason and I have felt by selling homes and Steve by his number of new files opened and closed.  We had all noticed that prices seem to be stablizing in our market and I began to wonder if right now isnt the perfect time to buy a home in the low 300,000 dollar range.  

You see that is the most saturated and affected price range in our market.  It seems that ever builder and his dog decided they would build homes in that price range.  This means that there are a lot of Spec homes that have sat for over a year while the market droped.  Many of these builders have been paying mortgages on these properties each month and they are all getting pretty willing to negociate lower prices on the homes.  Some have even been selling at a loss just to get rid of that payment. 

 So I pose the question to you.  Is now the time to buy?  Do you want to continue to sit on the sidelines while everyone else makes 1000’s of dollars in Real Estate?  

This entry was posted on Friday, July 13th, 2007 at 10:20 pm and is filed under Home Selling Tips. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.