Is it still a buyer’s market today in Riverview? As experts in the Riverview 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 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 Riverview, but seem to be rebounding as the rental market increases.
Financing is still a major obstacle for buyers. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow. That forces sellers to put their property back on the market.
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 Riverview because we believe in the community and the people here. We love helping fellow neighbors who need to sell and providing great rental homes at the same time.
If you need to sell a property near Riverview, we can help you.
We buy properties like yours from people who need to sell.