The most affordable rates
in over 40 years!
The low interest rates
are the main contributor to real estate sales moving up again. One problem, we are at the lowest level as far
as the number of houses listed for sale on the market. Demand and Supply…it always comes back to
this.
It’s been a rough
road. Many people faced with
foreclosures, short sales or simply too afraid to make a move. But this is all changing… for the good. Most economists feel that 2013 & 2014
will be the transition years. The market
is improving and getting ready for its comeback. So, if you have been sitting
in the backseat for the last few years, it’s time to move forward.
Buyers: Although inventory is tight, properties are
coming on the market every day. It’s slow BUT steady. Bidding wars may be back so be the first to
snag your dream home. Don’t waste time
with a low ball offer. The days of
scooping up houses 25% less than the listing price are over. The market is coming back solid so just be ready
…. Get your paperwork in order..get your pre approvals and let those sellers know
you mean business. Be sure to check out
different lenders. Some lenders are
willing to cut their profit margin to get your account. Remember, the sluggish
real estate market has affected mortgage sales in banks too. No one wants to
waste time…be ready.
Sellers: Check out the local market. Have your agent do a comparative market
analysis (CMA) and access properties in your area. Be careful not to list the price of your
property to high, this will waste time and slow down deals. Be smart and catch the
buyers attention by pricing right! Having a house sitting on the market too
long can make the house look unappealing. The reality is, no bank will give a
loan to a buyer that is not worth the selling price of that property. Listen to your real estate agent and avoid
delays. Have the agent accompany the
bank in the process. The real estate
market is back…and here to stay. If you’ve
been waiting, your wait is over! This real estate recovery IS FOR REAL!
