1) We’re bullish on the local market as WNC continues to buck national trends with prices sustained and an actual average increase of 10.5 percent for the region last year. Beverly-Hanks just had the third best year in the history of the company; we believe the opportunity is there for us, and we have to do something with it. With interest rates near record lows, an abundant inventory of great properties, I would consider this one of the best times to buy real estate in WNC.
For Sellers – due to the large inventory of properties (competition), make sure your property is priced right, in showroom condition and possibly offer an incentive, i.e. seller will pay up to $4,000 in closing costs with acceptable offer etc. In addition, if you are lucky enough to have a home with mountain views, a great location, or unique in character… you’re already on top of the list!
By: Tim Bosonetto of Beverly-Hanks in Asheville North Carolina. You can visit Tim @ http://www.ashevillerealestate.com/.
2) This is one of the wildest real estate markets that I have seen since I started selling real estate in 1979. We have come from a record high in real estate in 2005 to a almost as good 2006. Our local board states the sales for 2007 decreased by 17%, but yet the average increase in value rose by 7%. Although the interest rates thus far in 2007 have been up and down a little they are still incredibly attractive to most home buyers. In conclusion it is truly a buyers market with rates still quite good, real estate still increasing, and the overall sales down. Now is the time to buy!
By: Jim Buff, CRS Keller Williams Realty 86 Asheland Ave Asheville NC 28801. http://www.jimbuff.com/.
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