Posted on October 1, 2010
A better question might be, is the Real Estate market really on the rebound?
In this Broker's opinion.... yes! And no. I'm seeing that prices have stabilized a bit in Tacoma and Pierce County as a whole. But the market seems to have slowed a bit and the inventory is definitely robust. Some of that may be due to a natural slowdown in real estate once school gets underway but still... buyers have a lot to choose from and sellers can count on a competitive price.
That means, if you're waiting for a bargain....BUY NOW! The prices really aren't going to get better. The bargains are out there and in most cases sellers can and will negotiate with you for closing costs. Not to mention that the inventory looks solid and if you've got a great Realtor to help you find that dream home or great investment, don't wait! Interest rates are still low and there is a lending program for just about anyone. Buy, buy buy!
If you're thinking of selling, now would be a good time to start that process. Talk to a good Real Estate Broker and get advice on any small improvements or clean-up projects needed to have your property in the best condition possible. Be strategic about when you hit the market and at what price and be willing to discuss smart, logical price reductions at the start instead of waiting until the market has passed you by. You could be on the market, sold and closed by Spring.
Bottom line.... get moving! The deals and the buyers are out there make it work for YOU.