Thursday, March 18, 2010

Shortgage of good properties

What exactly is a good property? A good property to an investor is completely different than a good property to a first time home buyer. There are a lot of short sales and foreclosures out there. Those are quite possibly great properties for investors to take advantage off in this market. However, the properties that are just a regular sale (not a short sale or foreclosure) is in high demand if it's priced right and ready to move in. We are again seeing multiple offers on these properties. Offers to full price. Yes, that's the market. It's busy and whether it's a rush to get the tax credit or that the market is back is unknown. I guess we'll find out after the tax credit deadlines. A busy Spring market is what we need and have at this time.

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