Pinetop White Mountain Blog

Good Afternoon Everyone,

Multiple Offers! Bidding Wars! Did you miss the bottom?  Maybe, it depends on where you are looking for property.  In Arizona the pace has really picked up both with buyer traffic and homes going pending.  In less than one week the number of closed sales has gone up by at least 100 homes.  That may not sound like a lot but in a small community that is quite a high number.

Is it the end of the summer rush?  Maybe, but I think it is that the potential buyers out there who have been waiting all year for prices to hit bottom are now rushing to get in to the market before the foreclosure and short sale properties disappear from the marketplace completely.  There are still a few out there, but the pickings are slim and the best buys may already be gone.  The rush is on and property is moving again. 

Don't let this discourage you from getting in the game though.  There is still a lot of property on the market and there are some very good buys on seller owned properties.  Sellers who have been waiting all year for a potential buyer are willing to talk when they get an offer.  Oh, I am not saying go in and low ball every house you see because that isn't going to fly.  But find a good agent to help you draft an offer that is within reason for the property you want and you will probably succeed.  

You haven't missed out yet, but there are signs that the recession is ending, unemployment numbers dropped today, and real estate sales are picking up.  The bell at the bottom may have already gone silent in your area so before you miss out on the best buys in years, get out there and start looking now.  The home of your dreams may be just waiting for you to find it.

For assistance in the White Mountain area, give us a call. 

- - - Remember ---

"WE WORK FOR YOU!"

SANDRA & BRUCE PAULOW, Your High Country REALTORS®