SoCal Home Sales Up 52% in March
First Time Buyers
April 16th, 2009
Southern California has long been known as a major trend setter for the rest of the Country and real estate is no exception. I have been hearing from my San Diego Realtor connections that it has become a frenzied market in the starter home price ranges down there. Good houses are selling the day they hit MLS and generally over asking price. Many buyers are getting whiplash as they are forced to accept that the perception that they can successfully low ball offer desperate sellers gives way to the reality that they are competing with other motivated buyers on the best homes in their price range. http://tinyurl.com/dga9od
Buyers of starter homes in Shasta County are experiencing this trend first hand as the best homes sell after very little market time. Multiple offers on this type of property are once again common and sales prices are often higher than listing prices. The key to being successful in this market is to be prepared. Get preapproved on your financing and use a Realtor who stays on top of the market. If you want to learn more about buying your first home give us a call or stop by our office located at 1647 Court St., Downtown Redding at the corner of Court and Placer.
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