Asheville Real Estate 2008

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 @

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.

*These posts came from the newsletter.

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