For all the Buyers out there who are still waiting, the time to move is NOW!!!
Good Evening Everyone,
I thought I would address the potential buyers out there who are looking for property but not buying property. I have to ask you what are you waiting for?
The home prices in our area have dropped anywhere from 20 to 40%. The interest rates are at an all time low and they aren't going to stay there forever. The tax credits may be gone but you have to look at these interest rates as a lifetime gift. The tax credit was a one time shot, if you take advantage of these rates now you are looking at something that will benefit you for 30+ years!
Jumbo loans are back for the higher end buyers. FHA, VA & USDA are wonderful opportunities for First Time or Move up buyers. USDA is specifically geared for Rural Communities such as the Show Low area.
So I ask again, what are you waiting for? Prices have already started leveling off in many areas and have shown slight gains in the last quarter. Once the foreclosure storm ends, and it is slowing, prices are going to start to climb quickly once again. Sellers will see the opportunity to recapture some of their recent losses and they are going to raise their prices. We have already seen this happening in some subdivisions. They are not going to continue on this free fall in value forever.
The economy is improving. Businesses are starting hire again so this window of opportunity is slowly closing.
So get out there and find what you want and commit to the transaction. The days for watching and waiting are quickly disappearing and if you wait much longer you are going to find prices going up as well as interest rates. Remember if the interest rate goes up, your buying power goes down.
Come see me an let's get started!
Have a wonderful evening everyone. I'm standing by for your call.
SANDRA PAULOW, ASSOCIATE BROKER, GRI, SFR (928) 242-0300
Your High Country Connection for Real Estate!
Sandra J. Paulow, Associate Broker, GRI Aspen Properties, Inc. Pinetop, AZ.
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