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BUYERS-IT'S TIME TO PULL THE RIPCORD !

By
Real Estate Broker/Owner with St.Cloud Homes

What do housing prices and parachutes have in common?  For both at some point, the laws of gravity will apply. We have seen prices skyrocket between 2004-2005, and as Isaac Newton discovered what goes up must come down.  The law of Gravity.  The question remains at what point do we pull the ripcord?

FREEFALLING- A euphoric extreme sensation one experiences at high speed velocity from altitudes of 13,000  feet.  Allows the participant the freedom of movement, and the exhillaration of free flight, producing an intense  adrenaline rush.

Much like the feeling many buyers are experiencing in the current housing market.

Properties that were once so "high" priced there were untouchable have given in to the gravitation pull of the market and are suddenly well within reach.  Sellers forgot to pull the ripcord in time. They were either unwilling or unable to refinance their homes before the ground came up to hit them. 

 

At present there are 3.729 properties in Osceola County at some point in the foreclosure process. There 615 properties which are Bank Owned.  There are over 7,100 properties for sale. 

While the freefall has claimed many victims and caused many families to lose their homes, it has also created opportunity for those people who were not able to stretch their wings and fly when prices took off a few years back.  Forced to sit in the spectator seats, they had a "birds eye" view as the market speculators took a nasty tumble and few had soft landings as the market crashed.

CLIMBING INTO THE AIRCRAFT

Market newcomers need an experienced pilot to navigate for them.  Too often there may be downdrafts, pitfalls, and other bumps which an experienced professional can help sort out.  BUYERS  A REALTOR'S SERVICE IS FREE- Fees are traditionally paid by sellers.  There are two parts to a real estate transaction. The selling side and the buying side.  You can representation at no cost to you!

LOOK BEFORE YOU LEAP 

Search the Internet.  Studies show that 80% of buyers are first looking at Internet Websites. There are many good ones out there. Realtor.com, Homes.com, Googlebase.com, Oodle.com Trulia.com and many, many more.

PREPARING TO JUMP

Before you rush to jump- you should consult with a lender. Determine how much house you can afford and what your monthly mortgage payments will be. They are well equiped to factor in taxes, insurance, principle and interest, and other items which could affect your monthly payment.

FIND THE AREA WHERE YOU WANT TO LIVE.

OVER THE TARGET... READY SET GO!

Once you have isolated the area where you want to live- consult a local Licensed REALTOR®. There are some beautiful places to live in Osceola County Florida.  St. Cloud, Florida has both vintage and new homes priced from $100,000-$1,000,000 , Kissimmee, Harmony, Anthem Park, Deer Creek, Bay Lake Ranch, and many many more ...

SOFT LANDING TO THE CLOSING

There will be several necessary steps to land softly and get to the closing table.

          Your loan Approval

                    Your Home Inspection

                          Your appraisal

                                 Your Title Work

                                      Your Survey

                                            and Lastly, Your HUD statement.

If you are waiting on the wings....by the time you hear the market has taken off again you will not be onboard as prices rise.

 

 

 

 

 

 

 

Posted by

St.Cloud Homes

Allison Stewart Broker, SFR, CDPE 

407-616-9904www.kissimmee-stcloudflhomes.com

                                                                                                       

    St. Cloud Homes YOUR Local Real Estate Experts serving Home Buyers/Sellers in Kissimee, St. Cloud Fl, Harmony, Lake Nona, Anthem Park, Bay Lake Ranch, Lake Lizzie, Reunion, Celebration, Lakepointe, Steven Plantation, Acadia Estates, East Lake, Windermere, Bay Hill. Our unparalleled service begins with YOU.

   For a free consultation call us 407-616-9904 or visit our website or  email us

Comments(1)

Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
The home buying process is not as scary as most people think it is.  Having a professional there to assist you may help make the process go a lot smoother.  Hopes this helps!
Mar 13, 2008 02:04 AM