Is it still a buyer’s market today in College Station?
This is a question that we have to answer every day, being experts in the College Station real estate market.
The answer is quite complicated.
First off, it really depends on the property type and location.
Buyers are often looking for the same thing – people always have their eyes on properties that are located in good neighborhoods, and are surrounded by good schools, good roads, job opportunities, shopping malls, etc. Sellers with such well-located and highly desirable properties are in control of the market. While certain areas are high on demand, others can seem like ghost towns.
For condos and townhouses – especially those a little off the beaten path, or with some funky features – it’s a different case. Prices were down in certain areas of College Station, but as the rental market increases, the prices seem to be rising.
Investment properties are in demand. The outrageous flow of foreign cash flooding in to invest in US real estate have impacted the Bryan market in unique ways.
Generally, those people possessing enough cash to pay for properties have been enjoying access to 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. It’s no news that virtually all house buyers normally go through the process of getting loan from the bank to make a purchase. However, banks can sometimes be incredibly strict and undependable, requiring lots of money down and even changing their terms at the last minute. Thankfully, there’s been some improvements in recent times, compared to the past.
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.
The US economy is still undergoing a lot reformation, and the markets are speedily moving in lots of directions at once.
We’re investing in College Station because we believe the community and the people here.
If you need to sell a property near College Station, we can help you.
We buy properties like yours from people who need to sell as soon as possible.
Give us a call anytime (979) 431-1663 or fill out the form
over here today if you’re looking to sell a College Station house fast!