Coulda Woulda Shoulda

Coulda Woulda Shoulda                  

There has been so much hype about the housing market that it seems you can read about it daily in every publication. One day you'll read this statistic and the next day that statistic is quoted differently. It's no wonder the public is constantly asking, "What's going on in the housing market?" It has to be confusing for them!

One thing for certain, the housing market has dominated discussions about the economy for the last 8 years, at least in our market. I'm sure everyone has a story that can be recited when asked, "What is the craziest thing you've seen?" Personally, I've heard every one liner you can imagine as owners used "houses as ATM's" or another one "buy and bail." But a lot of that has become old news.

The current situation in housing is quite different. The market has shifted dramatically thanks to low inventory, pent up demand, and low interest rates. Investors have swarmed the market gobbling up inventory with a vengeance, much to the dismay of primary homebuyers.

Primary home buyers competing with investors has become the latest news. These homebuyers have seen dozens of homes and turned them down. Why? Because the home might not have exactly what they are looking for.

Folks, if it's one thing we can be certain of - interest rates will never be this low again.Prices may never be this low again. And when they have sold and prices are rising, your low priced home that needed paint and carpet will have already sold to someone else willing to make those improvements.

When you see a home that has the right floorplan, the right number of bedrooms, in your chosen neighborhood - BUY IT. Not so our job is done, but your search is over. These homes will be gone and you will have missed an opportunity that may never exist again. Do those of us in real estate have crystal balls? No. But we work this market 7 days a week and can tell you what has sold and what is no longer available.

Don't wait and tell yourself, "Coulda shoulda woulda." Make a decision now and avoid repeating this later!