Follow us on Twitter: @ResOzarks
The spring market is hitting strongly in Springfield! There has been a drop in short sales and foreclosures and that means the market is improving. We follow many real estate agents who are getting accepted offers within a day or two of placing a sign in the yard!
Does this mean every house will sell quickly? No, of course not. But it does mean that there is much higher consumer confidence in the real estate market than there has been in the near past.
According to the National Association of REALTORS®, there are still some want-to-be buyers who will not yet be creditworthy for homeownership, but there are many more qualified buyers who are out there looking now.
Additionally, those who lost homes within the past 10 years and have consistently paid rent and utilities, are fording a solid credit history. That coupled with new credit scoring models, such as Vantage Point 3.0 and FICO 9, will bring the homeownership advantage to those with foreclosure, short-sale or deed in lieu of foreclosure on record.
This means the local market needs great agents. Are you up for the challenge? We are ready to help you start out!