How do Home Buyers find a stable neighborhood in Spokane?

Rumor has it and even Fox News is talking… A Stronger Real Estate Voice then heard in recent years!

“Hear Ye Hear Ye” Inventory going down and Prices may begin going up!

What caused such a turn of events ?  A few months ago, Arizona was ranked as one of the hardest hit housing markets and now Arizona’s housing market is being touted as the “Turn-Around Kid.”

What about the Market Activity in Spokane? Recent numbers indicates change is occurring and for the good! Get a free , up-close look at your neighborhood now….go to: http://www.shop-or-sell.com/whats-home-worth.asp

So, What has changed? Do you think we are employing more workers into local economies and that’s what has signaled this recovery? Could it be a matter of timing now that the summer months are here (The Buying Season) more Home Buyers are venturing out to see what’s available?  What is promoting, Home buying?

Buyers are re-engaging into the housing market because simply, it’s too cheap, not too!

Simply, It’s Cheaper with more Perks!

·      Cheaper to borrow money due to extremely low interest rates.

·      Greater inventory variety – foreclosures, short-sales, motivated owner occupied Sellers.

·      Cheaper list prices of homes for sale.

·      Greater Buyer incentives – free home warranties, free home inspections, Buyers paid closing costs, more appliances included in the sale (Refrigerators, Washer and Dryer) and the list goes on & on.

·      The Cost to Rent is headed up & tenants are becoming penny-wise and believe while the getting’ is  good  ~ get to getting and find a home to buy.

·      New Home Builders are including upgraded features to attract Buyers and close more sales this year.

Buyers are pulling the trigger and placing offers on homes showcasing the biggest bang for the buck and GUESS WHAT (?) They are finding them in very nice neighborhoods.

In a recent survey, Realtors responded that finding a home in a stable neighborhood that would maintain its value was most buyers’ highest priority. (What homebuyers desire in 2012 survey)

5 ways to help find a home in a stable neighborhood:

1.     Look for Well-Established Neighborhoods. It is ~ What it is. Little to No Surprises here with an easy to track trending value report.

2.     Neighborhood Appearance.  Sidewalks, Streetlights, Community Parks, Close-by Schools and Shopping Centers.

3.     Physical Styles and Characteristics of Homes in the neighborhood.  Are they easily maintained or do they require extensive maintenance.  Fences; are they chain link, wood or vinyl (is there any consistency?)  Is the majority of homes in good condition and well-cared for by their Owners?

4.     Know the local crime rate and check out the schools that service that neighborhood.

5.     Try to insulate your homes value from market price fluctuations with a quality investment.

Tune in… next blog as we talk (Real Estate) & Help define what a Quality Investment is to you!

Have a question or comment NOW ~ 509-993-0039 (text or call it in)

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I’m always interested in what you have to think and what your experience is with local real estate buying and selling.  Please share your comments and stories with us.  Suggestions (?)  Got a story idea, Let’s talk, call me.