Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer in Utah will pay if they wait a year.
Archive for the ‘Housing’ Category
Today’s post is written by Dr. Steve Sjuggerud of Daily Wealth and clearly explains why MARKET PRICE today is still a fantastic deal.
Tuesday, April 9, 2013
“The last house I tried to buy had 65 offers on it and sold well above asking price.”
This guy was not alone…
Conference attendees from Florida to Phoenix told me similar stories. “The deals are gone,” they said. So they’re giving up.
But fear not, my friends! Market price – or even “above-market price” – on housing in America is still a fantastic deal today. Let me explain…
What’s happened in real estate is nothing short of extraordinary…
Limited inventory and a very strong demand for housing has created an environment where bidding wars are commonplace in today’s real estate market. Homes priced properly are getting multiple offers within a short time of coming to market. This brings about a dilemma for the agent: How should they advise their client who is about to make an offer when other offers will also be presented?
Over the last several years, there wasn’t any pressure on the buyer to adjust their offer for three reasons: