South Lake Tahoe Real Estate Market Up-date
May 9, 2009
South Lake Tahoe Real Estate Market Up-date
May 9, 2009
The USA today reports that more homes are getting multiple offers with the lower priced homes and foreclosures getting the most attention. This very much holds true for South Lake Tahoe with pending homes sales way up in the last couple of months. If the house is in a good neighborhood or in great condition you can expect competition for the purchase of the home. Like I have been telling my clients, if a foreclosure comes on the market and is well priced not only do I know it is a good value but so do all the other Realtors. Most Realtors have a buyer looking for bank owned properties in their back pocket. The banks are luring multiple offers by pricing homes below-market. Many more foreclosures are still set to hit the market so time is not running out but I would not wait too far into summer to start your search. The foreclosures are setting the bottom of the market and all properties bank owned or not have reduced prices to attract buyers.
Comments
Got something to say?