Whether you’re a first-time homebuyer or a local looking to purchase real estate in Asheville or Western North Carolina, now is an optimal period to start your search. The region is still in the midst of post-Hurricane Helene recovery, translating to fewer transactions overall. Couple that with the typical winter lull in real estate activity, and you have the makings of a prime buying scenario.
Asheville and Western N.C. have long enchanted residents and visitors alike. Easy accessibility to the beautiful surrounding Blue Ridge Mountains and exhilarating outdoor adventure, as well as the cultural, dining and entertainment offerings of Asheville and neighboring cities, are great reasons to set up more permanent roots in the region. Asheville has a variety of housing options: everything from smaller cottages to downtown condos to new green builds. This range makes it easy for either first-time buyers or locals to find exactly what they’re looking for.
First-time buyer? No problem
If you’ve been biding your time on a purchase, either as a local or as a first-time buyer – or perhaps both – the coming months are the perfect period to dive in. Helene’s impact on the region has stalled activity for the obvious reasons. There is higher inventory and lower overall buyer activity as the region comes out of the devastation. But recovery is under way: Power and potable water have been restored to much of the area, debris removal is ramping up, and businesses are gradually re-opening or relocating to new spaces.
Combined with the post-Helene slowdown is the typically slow season of winter. The combination of colder weather, shorter daylight hours, holiday distractions, and fewer people wanting to move during the cold months often translates to reduced buyer activity and less competition in the Asheville real estate market during the winter season. This makes it a good time to enter the market as a buyer, especially if you’re a local familiar with the area. You may already have narrowed down the neighborhoods and home styles that most appeal to your Asheville lifestyle, thus cutting out one major component of the search process.
Less stress purchasing a home in Asheville
A drop in the number of out-of-town cash buyers crowding the Asheville market, along with more price reductions and fewer multiple-offer scenarios, also makes it a good time for locals to look for a property to purchase. With a more relaxed atmosphere in which to shop – minus the heated, competitive housing market that often manifests in spring – first-time buyers can take their time to better understand the process and mull their options.
If you’re a first-time buyer or a local looking to purchase a property in Asheville or anywhere in Western N.C., please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.
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