Are we heading toward a Seller’s Market?

Some indications says we are heading towards a Seller’s Market here in Green Valley.

“With the inventory of homes down, the local new home builders over the past few years have not produced much new inventory,” said our real estate Insider, Scott Chancellor. “On some homes, multiple offers have driven the sales price over the listing price. But in most cases this is still not the case.”

Homes that are in great condition, and that are priced right, are moving fast and sell close to their asking price. Buyers are not looking for a project. They want move-in ready homes.

Things that buyers can do once they find that special home:

  1. Be ready to buy; have your financing in place.
  2. When you find that home, act quickly. Make the offer. If you don’t, somebody else will.
  3. Start with your best offer. It has the best chance of being accepted.
  4. Make a large earnest money deposit.

There is good news for the buyers: The prices are still low and have not shot up yet. Just remember, the house you look at today and think about tonight is the same house that somebody looked at yesterday and will buy today, Chancellor said.

The first thing you should do to help find that perfect home is get a great Realtor who knows the market. For information and help with selling your current home and/or buying your next one, contact Scott Chancellor, Realty Executives Tucson Elite GV at 520-360-6973.