Yes, houses must be selling

So I showed a first time home buyer couple about 5 houses on Wednesday evening. They were all under $140,000 and either a short sale or foreclosure. Not because I wanted to show that type of home, but that was about all there was to show them. We have been looking for quite some time. When we started looking all they could buy were 2 bedroom and l bath homes with a single garage. Now because of the drastic change in the market they can buy a house with 3 bedrooms and 1.5 to 2 baths and a double garage. If we can get there first that is. The market in that price range is not for the indecisive. One must make a decision right there if you want it because tomorrow it may be gone. That is what happened to them. They narrowed it down to 2 and wanted to think about it. Well, 2 days later those two houses were under contract! This sounds like 3 years ago! Well, for homes that are decent under $150,000 it is often a bidding war and a rush to get your offer there first. It can be done. This couple from Wednesday night have written two offers before. One was rejected and the other was a short sale. It fell apart because the seller filed bankruptsy. Bummer! So we persevere and keep looking. It will happen for them. Sometimes it does take a few offers to get the house for them. I have seen that over and over.

I do have one closing next week in that price range and we did it! My client competed for the house and got it. She is thrilled! I wrote an offer for a client last night and now we wait for the "highest and best" reply to come. Oh I hope for my client's sake they can buy the house. I have been diligently looking each day for new listings and price reductions for my clients. I am really hoping they are all in their homes before the $8,000 tax credit benefit is gone!