Pinetop White Mountain Blog

Happy Valentine's Day!

My goodness where is the year going?  It seems like yesterday that we put the Christmas decorations away and it's already the middle of February.  Valentine's Day, President's Day, before we know it Easter will be here.

If you have been putting off your search because you had lots of time to get in under the deadline for the Tax Credits, time is flying.  I know I have said this before but if you are going to need financing for your new home, and you want to get in on those tax credits, you need to get moving. 

Loans take a minimum of 45 to 60 days to close and you must have your home Under Contract and in escrow by the end of April.  You don't have to close by then but you need to have your offer in and in process before that date.

It may seem like you still have a lot of time but you don't.  It takes time to find the right house.  It takes time to get your offer on the table and accepted, especially if it happens to be Bank Owned or a Short Sale.  Then there are inspections and appraisals to get through before you really have a sale in process.

Traffic is picking up too.  Multiple offers are starting to make an appearance, especially on Bank Owned properties that are being sold below market value.  Traffic is picking up and there aren't a lot of new foreclosures hitting market right now.  Inventory is dropping and balancing out. 

Remember I said a while back there isn't a bell at the bottom.  Well if you are still listening to Zillow and the news, they are not telling you the truth.  I am not saying there aren't going to be more foreclosures but they may not hit the market until after the tax credit deadline.  So if you want to get in on that and get in to a home at a good price, you need to move.  No more sitting on the fence and waiting.  No more thinking you have lots of time, you don't.  Right now contracts written today are closing in April.  By March that will be May etc. etc. etc. 

Call me.  Let me help you get your search started.  If I know what you want I may be able to find it before you even get here.  Take a drive to the Mountain and start looking.  You need help to find those good buys out there because there are over 500 other agents in this market who each have one or two clients looking for the same thing you are.  One house will only go to one client.  If you aren't ready to move you lose. 

See you soon.

Sandra Paulow, Associate Broker, GRI

Your High Country REALTOR®  (928) 242-0300