So when is the bottom of the market? Don't we all wish we had a crystal ball.

A key indicator of a changing market is when we start to see multiple offer situations and great investment opportunities. The lower priced homes are starting to see multiple offers again, especially with the bank owned properties.

Here are some great reasons to buy now:

Interest rates are phenomenal and they are way below the 30 year average of 9.3%.

There are investment opportunities that actually provide a positive cash flow in some areas for rentals.

Many areas have come down as much as 15% within the last two years.

Historically--- Property values go up after a presidential election and even after times of Recession.

The FHA loan programs are very good even though they are not as flexible as the loan programs 2-3 years ago.

The stock market is still struggling.

Agents can negotiate more with properties that are sitting on the market for months and have the ability to knock off $50,000 or more!

Hopefully these points can help you or your buyers with some concrete reasons to buy in this negative market. Have a Great Day.

 

 
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2 Comments on Why it is a great time to buy now!!!!

You hit the nail on the head...do you want to buy stocks at their peak...or at the bottom.

05/09/2008 12:14 PM by Team DiMuria, Katy Texas Realtors (Prudential Gary Greene Realtors)


I think the bottom of the real estate market is getting close or is there.  The top end is still seems overpriced unless the property is in one of the few "great neighborhoods".  In those neighborhoods expect availablity but not much of a price reduction. 

05/10/2008 12:06 AM by Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management (HomePointe Property Management, CRMC)


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Real Estate Agent: Tim Collom (Windermere Dunnigan)
Tim Collom
Sacramento, CA
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