Many of us in the real estate industry have counseled clients to take advantage of the looming tax credi deadline - but sales as we know them are not over once that day comes. I will be glad to see the blogs go away that are borderline scare tactics - the "buy now or be sorry later."
Buying the wrong house for $6500 or $8000 is not a good investment, just as counseling first time buyers to look at buying a house as an "investment" is doing a disservice. If buyers want an investmentm, there are plenty of properties that fit that description. Buying a house that will be your home see some modest appreciation - but it's not going to double in value in 5 years.
In Chester County, Pa, since 1978, housing appreciation, on average, has been 3-4% - with a few crazy years -- 2005 - 2007 -- seeing over 10%. The market could not support tat kind of growth - raises, salaries, etc did not keep pace so there had to be a correction.
We are now climbing our way back to a more sustainable growth rate, and yes, it is a great time to buy, but a good realtor knows that the fit has to be right for the client.
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