Friday, March 22, 2013

Cary Foreclosures - Is the Market Improving?

Cary Foreclosures 

A sign of an improving real estate market? 

Wow, only 8 foreclosures in Cary! This tells you something about the market!  With foreclosures at one of the lowest points in recent history, this gives a good indication of a recovering real estate market.

Cary Foreclosures

This isn't to say that you still can't get a great deal on a home.  There are always opportunities for getting a value priced home, but you have to be ready to seize the opportunity.  Here are some homes for sale in Cary under $200,000.

The good homes go fast.  Recently there has been a surge of multiple offer situations; pent up demand from buyers waiting for the right time to buy.  Everyone is waiting for the same thing.

Here are a few strategies to winning a bidding war if you are ready to buy now.

  1. Sign up for listing alerts so you can learn about new homes when they hit the market.
  2. Be prepared and pre-approved.  If you want to win in a multiple offer situation, have an approval letter in hand.
  3. Get a Realtor on your side.  I often hear of listings BEFORE they go on the market and have strategies to find you a home in a desired neighborhood, before anyone else even knows it's for sale
  4. Be flexible on some terms and firm on price.  Negotiation is key.

If you are ready to buy - I'm ready to help.  Contact Me today and let's make a game plan.

And remember - the Listing Agent is looking out for the Seller's best interest not yours!  Use a Buyer's Agent, it doesn't cost you anything!

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