Maybe it's a good time to consider renting instead of buying?
Times are tough, we all know it. California seems to be taking as big a hit as anywhere else, if not worse.
In Benicia and Vallejo there are For Sale signs in every neighborhood. The areas are nice, the homes in good condition, some of the homes are nearly new. The schools are great, the communities vibrant. But, here and there you can see that folks have have either chosen to walk away or worse.
Hard to stand out in the crowd...
Yet, the rental market in Benicia and Vallejo is very strong. With fewer owners, more people are turning to renting. Those fortunate enough to be in a good position are the ones buying now. Any many of them are buying with the intention of renting out the home.
I was struck recently when the Broker of a large local real estate company retained us to rent out his home. His words to me were "I can sell now and take a bath or I can rent it out until the market gets better." These words came from the mouth of a man who has made a living selling homes.
So, maybe, just maybe, his words are wisdom for other folks to consider. Maybe it is a good time to at least consider renting out your home instead of trying to sell it right away.
With all of the For Sale signs, you might get lost in the crowd.