- How is our local housing market?
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If you are considering selling and/or buying a home, you have no need to worry about a sluggish market. I know you've all heard or read about how bad the housing market has become. (or so they say) Yes, the larger markets are seeing a trend in falling home sales, along with a large number of homes being foreclosed on. Yes, all lenders are tightening their ropes on borrowers, especially for those that may have less than perfect credit. (even locally) We are seeing more foreclosures than usual, but not like the large markets. Our sales however, has progressively increased this year to date, as any year in the past. The total home sales for 2007 so far has had an increase in both number of homes as well as average home price compared to previous years. We do have more homes available for sale now, unlike the past couple of years. The past 2 years there was a shortage of homes on the market, and it was not due to so many more homes selling, as it was people just weren't selling. Our current inventory is consistent with years prior to the shortage. For a couple of years there were more buyers than homes available, but now there is a nice variety of homes for the buyers to choose from.
Rest easy, if you are going through the sale or purchase of a home, things are still going well here in Adams County and the surrounding areas. 
- Ranch For Sale in Payson
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• 1,824 sq. ft., 2 bath, 5 bdrm ranch - 
MLS® $144,900 - Price Reduced!
Payson, Adams County - Enjoy this park-like setting on the edge of town. Main floor has gas log fireplaces, the lower level fireplace is woodburning. Large eat in kitchen, and main floor family room are just a couple of things this home has to offer.
Property information
- Thinking about buying your first home?
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What an exciting time it can be, buying your first home. This is so much more than looking for a place to live. You will be investing for your future, so this isn't a decision to be taken lightly. There are so many things to think about, such as size, style, number of rooms, price, and so much more. There are a couple of things you'll want to do before starting to look at homes. One of the most important steps is getting pre-approved by a local bank or mortgage company. If you don't know where to go, then the next step is to find a Realtor, they will help you find a reliable lender. Choosing a Realtor is also a very important decision. It is important to find a real estate agent that is going to work for you. You have certain needs, and your agent will understand those needs. If you find the person you are working with isn't meeting those needs, don't think twice about finding another agent who understands you. A good agent will keep you posted with new listings as they come up, and will be available to show you those homes at your convenience. Your Realtor will be someone you can ask all your questions to, and no question is silly!
Once you have found a house you can call home, then you'll write an offer to purchase. The sellers may take that offer, or they may counter it, changing some of your terms on the contract. Once you have agreed upon all the terms, your agent will submit your contract to purchase your home to your lender. The bank will immediately begin the processing of your loan. They will order an appraisal to insure the home is worth what you are paying for it. At this same time, your real estate agent will order any inspections you choose to have done on the property. "What inspections should I have?" you ask. Well, you can have a full home inspection where one person will inspect the whole home. If there is anything questionable, you may then need to hire a professional in a particular area to do a more thorough inspection of the item in question. You can also hire individual professionals to inspect the areas of their expertise. This can be more costly if no problems are found, but less expensive if you end up needing some estimates and/or repairs done. What ever you decide, you can rely on your Realtor to guide you through in the right direction.
This will be one of the most stressful events in your life, but yet so rewarding when it is all over! Once you've gotten through the inspection, the appraisal, and the final loan approval, you can rest easy until the closing. At the closing your real estate agent will accompany you to either your lender's office, or possibly to a title company's office. You will have a lot of papers to sign, so bring your writing hand! Once you have signed, and the sellers have signed, then you will have a chance to ask any questions of the seller about the home. You will be handed your keys, and sent on your way!
Congratulations! You've just purchase your first home. 