Is Now a Good Time to Buy a Lynbrook High Home?
by Michelle C. Carr-Crowe, Your San Jose Saratoga Lynbrook and Cupertino Schools Expert
Today during my open houses at 1483 Eddington in West San Jose with Lynbrook High, at least 4 different buyers asked me the same question: Is Now a Good Time to Buy a Lynbrook High Home?
When they hear about rising prices and bidding wars, buyers tend to shy away rather than examine all of the facts.
It is a great question, best answered by data and an area real estate expert. In the market of today, Buyers always want to know two things: when is the best time to buy, and how to pay the lowest price. When you meet with an experienced real estate consultant like me or one of my skilled team members for a Buying Power Analysis, you learn about the market, market trends, yourself, your priorities, and your options, as well as your buying power in the current market.
A traditional agent will focus only on your ability to pay a mortgage - how much you make, how much you have for a down payment, what your credit score is, how long you and your spouse have workedin your job/industry, and how much debt you have -- and push you to buy a home before you're mentally ready.
In contrast, during our time together, we share knowledge and data with you, help you learn more about yourself, and show you ALL of your choices--including the option NOT to buy a home now. We will show you both the long and short-term trends for the overall Lynbrook (or Cupertino, San Jose, Santa Clara, Palo Alto, Saratoga or other specific cities and or school areas) you are interested in.
We show you all of the home choices available, and what homes are successfully in contract or closed, with all available pricing data. We also ask you some thought-provoking questions to help you learn what truly most important about possibly buying a home to you, and then, and only then, share our professional opinion about which ofyour options best fits within your stated goals--and that option may even be for you not to buy a home now.
Lynbrook and other high-performing schools in Cupertino, San Jose, Santa Clara, Palo Alto and Saratoga have helped these areas maintain their value during the market downtown. Yet the overall uncertainties of the economy and job market have now opened a window of opportunity for wise and well-qualified buyers willing to accurately assess themselves, their needs and the market, and move forward with courage while others hesitate.
Eight good reasons to buy a Lynbrook High Home now include:
1) LOW cost of borrowing money with historically low interest rates (even lower than last year), and in many cases, at rates near a 47-year low,
2) larger inventories than in the past for these exclusive areas
3) a wider range of available property types, from condos and townhomes to duplexes, fourplexes and single-family home
4) a conservative lending environment although this means a longer process with more documentation and paperwork, it translates into loans people truly qualify for-now, and in the future
5) more realistic sellers in terms of price
6) sellers who appreciate Buyers concerns about loan terms, property condition and timing.
7) elimination of the super-bargain hunters who were driven by the $8,000 tax credit for first-time homebuyers
8) the mortgage interest deduction on owner-occupied property, which in most cases, results in homeowners paying less (after taxes) every month to own rather than rent.
Many buyers and investors will build wealth buying property this year, even though the flipping days are gone. However, the strength of an excellent education offered in Lynbrook High (along with Cupertino, San Jose, Santa Clara, Palo Alto and Saratoga), as well as the traditional benefits of homeownership stability, tax deductions for interest and connection to a community remain compelling reasons for people to explore whether to buy a home now.
(c) 2010 Michelle C. Carr-Crowe All Universal Rights Reserved
Check out my blog about Lynbrook values at http://activerain.com/blogs/results
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