As we continue to go full speed ahead into this housing crisis. I still receive many questions concerning the “deal” foreclosed homes may or may not present to buyers.
Just recently we have seen a change in the buyers we work with. Last year at this time all I would hear was, show me a foreclosure…But now, the majority of our buyers actually want to see pre-owned or new construction. I have also noticed a trend with the prices of pre-owned homes and new construction. They are becoming very competitive with foreclosure prices.
Now that the election is over, we will see an upswing in real estate. Due to the fact that we live in such a transient community, people will be moving in and moving out. This will cause prices to go up. Now, prices are not going to reach the peak of 5 years ago, but there will be an increase in demmand, and that is good news for all of us!