|
Deaton & Company's View From the Chair newsletter
archives, a selection of topics, market data and property listing
information for NW Montana Real Estate, including waterfront and
lakefront properties. |
 |
|
  |
 |
 |
|
| |
APRIL 2008
As Osprey return
to prepare their nests for the long
Montana days of summer, signs of spring
are everywhere. Children help uncover
emerging bulbs as neighbors laugh over
fences and everyone seems to find an
excuse to be outside.
A glorious time of year, spring in
Montana is full of promise with thoughts
turning to lake breezes, alpine meadows,
and the comfortable embrace of a summer
sun only a big sky can offer.
The Osprey are not the only ones making
a home in the area! Take a moment to
enjoy our newsletter, and let us help
you find that perfect nest of your own.
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Sound Pricing
April 2008
 Buyers
can Buy, if
they can Sell...
"Close to 80 percent of
today's prospective buyers have their house on the
market. Most of them can't get serious
about buying until someone first takes their house off
their hands. In other words,
at least three quarters of the
market's potential demand is pent up until others start
buying again... It's because of this
demand that the federal government's enactment of higher
conforming and FHA loan limits in mid-February is so
important."
Lawrence Yun, chief
economist of the NATIONAL ASSOCIATION OF REALTORS®
Two years ago buyers were able to shop for a new home
confident that if they found what they were looking for
they could make an offer contingent upon the sale of
their existing property. These deals were fairly common
and often allowed both buyer and seller the time needed
to ease the moving process. Today, the landscape is
different. Sellers are very reluctant to consider
"contingent" offers due to the uncertainties of the
market. Is the Buyers house
going to sell and when? The average time
on market has increased dramatically as the market
cooled. The demand is there and won't stay pent up
forever.
In more upscale markets such as Bigfork and Whitefish,
this catch 22 is not as big an issue.
Second home and Resort markets are less likely to be
affected by Buyers unable or unwilling to
make a deal without first selling. The federal
government's actions in freeing up money and setting
high limits for conforming loans will help spur some
additional buying and increase consumer confidence. "Two
other factors favorable to buyers - continuing
historically low interest rates and notable price
declines in some previously overheated markets - help
set the stage for a return of consumer confidence."
Yun.
Buyer activity is way up - Informal discussions with
other top area agents confirm a trend we have noticed
since the first of the year. Based on this increased
Buyer traffic, a trend also reflected in national
statistics, most experienced Realtors are confident that
the local market will soon recover to the "normal"
levels seen before the frenzy of the past few years.
Sound pricing and solid
marketing will generate success for Sellers and solid
values and steady long term gains for Buyers.
|
|
|
TOP |
|
|
|
|
|
 |
 |
 |
 |
| |
|
You've seen the
View, now make it Yours: |
| |
|
|
 |
 |
 |
|
 |
|
|
|
|
|
|
|
|
|
p 406-837-2007 | f
406-837-2011 | PO Box 1193 | 8000 Highway 35, Suite 2 | Bigfork,
MT 59911
|
 |
|
| |
