Bank owned Properties are moving quickly in Columbia, MO
As I watch the stats come in daily from our MLS it is apparent there are many buyers in the marketplace. One of our companies had a bank foreclosure and in one day there were 13 appointments to show the property and 12 offers submitted I was told. Yes, that property is under contract. The potential buyers were investors as well as buyers wanting to owner occupy the property. I was told the buyer who wanted to occupy the home, received the accepted contract. Foreclosed properties are not the only ones hot on the market.
There are some really, really good values for today’s homebuyer. When you have a pre-approval letter in hand from your lender, you will be in a much better position to have your offer seriously considered. And, first time homebuyers, do not forget about the $8,000 tax credit available to you if you close by December 1, of this year. Time is running and interest rates are very low. What a deal!
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