Crock-Pot Real Estate Market

The real estate market in Lincoln County Oregon is starting to heat up.

What does buying real estate in Lincoln County and a crock-pot have in common?  The process start to finish is slow.   While preparing dinner in the morning for our evening meal,  I couldn’t help but think of the current market as a crock-pot real estate market.  Several years ago when it was a hot market loans were quick and easy to get  just like 30-minute meals or fast food drive through.   After the crash the market was reduced to a  simmer.  The Lincoln County market starting to heat up and buyer’s are out there but it’s still slow.  Buyers are taking longer to decide which house to purchase so sellers have to wait.  The mortgage company takes longer to process the loan because of extended appraisal times and new government regulations.  When the transaction finally does close the process is the same, but now everything takes longer.  My beef stew dinner simmered for more than 8 hours instead of a quick stir-fry which would have taken 10 – 15 minutes.    The meal was still delicious but took much longer.   How do you like your real estate cooked?