Sunday, March 2, 2008

Real Estate in Asheville continues national trend

I said it before but I cannot impress enough on potential buyers to take this opportunity to check out houses you thought you couldn't afford. If you are an investor, you may never see this opportunity again. Rents have not decreased and there is still a demand for a 3 bedroom 2 bath home in a popular school district. Rents will range from 1100-1300 so do the math. Ask for buy downs in the rates as they will increase your cash flow.

Seller take note: Listen to your Real Estate Agent! They know the immediate market and will give you the best advice to be ahead of the curve. Price it right today and you will loose less then you might tomorrow. Make your house look good and take care of repairs. There are too many choice for buyers today. They do not need a fixer upper.

The total volume for our market is down 31% for the first two months compared to last year.

This is not a disaster but it is time to look hard at selling and buying prices.

www.kellerwilliamsasheville.com

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