Rate are unbelievable! Sellers ask if rates are so great then why is there a shortage of buyers? I’m not sure if there is a shortage of buyers or just too many houses for sale. When the market began to decline we saw a huge influx of short sales hit the market. Many sold while many that were waiting on approval of the short sale were foreclosed on. I think what has happened now is that buyers who were wanting “deals” thought they should buy a short sale, but when they learned how long it took the bank to respond to the ir offer, they have begun to shy away from them, they now want to buy the foreclosed homes. The response time from the bank is quick and a normal. A 30 – 45 day closing can occur.  

It used to be that real estate was about location, location, location – not anymore, its price, price, price. Many sellers cannot afford to sell their homes in today’s market because they cannot price it low enough to compete with the distressed homes that are selling around them. 

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If you would like to take advantage of the rates, call Heidi Hines today at 704-458-4636 or Click here for a list of homes to be sent to your in box daily.