Rates are the lowest they have been in a long time! Housing prices are rock bottom too! Property tax reforms have offered some savings in costs. The stars have aligned so that if you've been wanting to buy real estate (whether an investment property, second home, first home, or new primary residence) the time is right! What are you waiting for?
I remember during the "boom" when people thought the market trend would last forever and kept buying and buying and buying, thinking prices would continue to go up. Many of us knew it couldn't continue for long, but people would listen. I don't know if it was greed or the media that kept them buying way to late in the game. But unfortunately, many got hurt.
Now we are on the flip side. Prices have been dropping for a while now as have rates. The media would have you believe that if you wait you will do better, but they are the same media that failed to predict the end of the boom. Prices are not going to go lower. Those who want to sell and can drop have already done so. You can't get blood from a stone. Not everyone is elligible for a short sale. Those who can and are willing to go that route have already dones. We are seeing fewer and fewer of them come on the market now.
If you truly want to buy and get a great price, get in the market now. Seller are still negotiable. Instead of hoping prices will drop more, get out there with a good agent and negotiate your lower price now. That way you've got your rock bottom price while the rates are low and before the end of the lul is here.
We are seeing more and more buyers entering the market. As they buy up the rock bottom prices they will be helping to turn the market around. They are also locking in their interest rates now, while they are low. Those who wait will surely pay more if they wait too late. More in purchase price and more in financing costs, not to mention the fact that financing might be harder to get.
Get in the game now if you really want to buy. It will be like buying before the boom. if you need help, please contact me. It would be my pleasure to help you find the perfect property, negotiate the best possible deal, acquire great financing, and help you at every step along the way. I hope you will get out there and I hope you will call me when you do. I look foward to working with you and hearing from you soon!
Rachael Bishop
RE/MAX Select Boca, Inc.
21301 Powerline Rd #106, Boca Raton, FL 33433
Office: (561) 807-5478 • Mobil: (561) 306-2694
Website: www.best-real-estate-choice.com • Email: ReMaxRachlBishop@aol.com
Comments(3)