Many people approach me and ask this question or some variation of it. Hey Rich, Can I sell my home? The answer is always yes. The real question they are asking is how much can I sell my home for and will it truly sell or must I buy it myself? The answer is yes it will sell. Oh, you need proof you say. Well as of Friday morning 4/24/09 according to the MLS search a total of 364 homes had sold so far in just Meridian alone. Of those that sold 103 were indicated as bank owned or REO and another 43 were short sales. Which means that 60% of the homes in Meridian that sold were not bank owned, reo, foreclosure, short sale type properties. Well if they weren’t bank owned, reo, foreclosure, short sale type properties than what were they Rich? They were homes owned by people like us. 81 of these were brand new homes that had never been occupied, 17 were under construction or to be built. People I have to tell you, HOMES ARE SELLING!!!
Now as Paul Harvey would say, the rest of the story. In the same time frame last year we sold 44 more homes. Darn the luck. That means about an 11% decrease since the previous year. But Rich, you sounded so positive. HOMES ARE SELLING!!! you said. They are selling dear reader, however; things have changed. What you ask? More on that next week.
Tags: Foreclosure, first time home buyers, Idaho Real Estate, Meridian real estate, Boise real estate, housing prices, renting vs buying a home, Rich Nesbit, weather, Hud Homes, REO, Bank Owned, Yo Meridian, short sales
