November 07, 2008

In Search of Buyers

With the economic crisis still weighing heavily on everyone’s mind and the government focusing on plans to help with foreclosures, tight credit, and affordable mortgages, we can be sure that in the weeks and months ahead we will see progress. For the real estate market to begin to improve, we need to find buyers who are willing to make home purchases now. With homes now more affordable than ever, it is a great time to buy so here at Welch we are in search of buyers for well-priced, affordable homes in Northern Utah.

Beginning tomorrow, ads will be running in the weekend addition of the Standard Examiner and daily on Standard.Net in search of buyers. David Knox, a nationally renowned real estate expert has produced several DVDs that can be used by buyers and sellers alike to make the home buying process simpler. These videos are free to those who request them. Topics include “The Eight Steps to Buying a Home”, “How to Prepare Your Home For Sale”, “How to Price Your Home for Sale”, and even a video for those who want to sell their own home, “Selling for Sale by Owner.”

In Utah, there is an over supply of homes keeping prices low, making now one of the best times to buy. There are good values in single-family homes, condos, and townhomes in almost every area of the state. Some buyers are waiting for prices to hit rock bottom but the risk a buyer faces is the same risks sellers faced trying to time the sale of their home at the top of the market. Many waited too long to sell and when too many homes hit the market the market prices began to drop. The same effect can happen to buyers by waiting too long to buy and seeing a flood of buyers hit the market at one time forcing prices up. Timing markets is always risky whether it be in stocks or real estate. Now is a good time to buy and make a move to Utah to enjoy great values and a great lifestyle.

Posted By: Steve Randall