I had a happy conversation. A friend of mine went shopping for a townhouse this weekend (in the mid-$300′s). What she found astounded her (and me). For one, every home she toured had lots of other buyers looking at the same time…so traffic is good, some urgency was in the air. Second, her agent showed her how many pending sales were on the books in her price range and target neighborhoods.

The first time buyers are out there and active. What are you doing to get more than your fair share?!

Sidenote: Her real estate agent (from a resale office) was a huge proponent of buying new in this market. She cited that it was easier to negotiate with homebuilders versus people selling their existing homes (for a variety of reasons including attachment to house, unwillingness to lower prices, waiting for them to move) as well as lots of very compelling incentives — from paying your closing costs to buying down your interest rate.

Two Rainbows. How about that?!

Posted by: Carleigh Johnson | Permalink

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