Hey, I’m Luke Swomley and I’m one of the owners of CashHouseBuyersPA.com. Right? We buy houses for cash in the East Berlin area and all around south central pennsylvania. You can also reach us at 717-400-1600 or you can submit your info on cashhousebuyerspa.com if you’re looking to sell your house fast and we’ll get back to you in a timely fashion.
The Topic of today’s video will be: The State of the Market for Buyers in East Berlin PA
Is it still a buyer’s market today in East Berlin?
As experts in the East Berlin real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of East Berlin, but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the East Berlin market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
We’re investing in East Berlin because we believe in the community and the people here.
If you need to sell a property near East Berlin, we can help you.
We buy properties like yours from people who need to sell fast.
We’re investors who care a lot about East Berlin. We buy houses you can sell your house fast in East Berlin.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (717) 400-1600 or fill out the short form over here at www.cashhousebuyerspa.com sell your house fast in East Berlin pa. Thanks, and we’ll talk soon...