Its getting hot in here!

As the temperatures rise, so do our sales which is great news! Vacant inventory is getting “flushed” out which means foreclosure inventories are going down. In conjunction with the increase in foreclosure sales, unfortunately, prices are declining in some areas. While enjoying the good news that as these properties get unloaded by the banks, we are perhaps seeing the bottom of those markets from a pricing perspective – we shall see. As we have mentioned before, timing the market is tough to do. By taking into consideration the trends we are following, we believe now is a great time to buy. My advice is to be persistent, wait for the right property to come on the market and hang in there on tough negotiations. Each transaction seems to involve a lot of back and forth between buyers and sellers even up to the last minute. Stay focused and diligent and you should get the home!