Home for the Holidays, New home for the holidays.
Here comes December, the last month of the year. So much to do, so many things to complete, do you feel overwhelmed? Now is the time for action, enough with the research, the websites, all the data, and what is it with the data, it is all so confusing and contradictory? Real estate is made complicated by your viewpoint. Are you the buyer, or the seller? Are you the agent, or the other agent? Are you the lawyer, or the other lawyer? And all of those questions don’t even arrive until you are at the table, there is just so much work to get to table. What house, what neighborhood, what loan, what bank, what paperwork what weekends looking, and looking what, what!
Several months ago, or longer it can be safe to say, you decided to buy, or to sell. You started down the road hitting the Internet for information. There is a lot of it there. You checked that information out randomly with your friends, family, colleagues or just randomly talking to people. This bolsters your information already gathered from the Internet.
Address: 4 Hemlock Road
Square Feet: 1476
Basement (full, 1/2, finished, unfinished): unfinished
You remember what it was like to move to a new house, your moves through all your other living situations whether they were good or bad and rolled it all up into a ball. That was how you were going to get your new home–or sell your home. You wanted the most if you are selling and the least if you are buying. Every single day people are coming to an agreement about price and buying/selling. Real Estate is simple.
You make your money when you buy your home. So from all statistical sense there really hasn’t been a better time to buy with the prices in a buyers favor for many years gone by. Interest rates, for those who qualify, have not been this low since our parents were young.
With prices low and money cheap there is not a better time to buy. That is why you see so many cash buys. People with money realize we are at the bottom and it is where money should be to make money.
On the sell side, if you haven’t been in your home longer than 5 years you are loosing value. If you have been in your home 20 years you have seen incredible appreciation of your asset. Now, you may have used that appreciation for uses along the way and it is not available to you now, but that is just what it is and we need to understand. There is a ceiling and a floor to prices of homes. They are still of value and the market is stabilizing. Money is starting to flow back into real estate from the investor side and the consumer side is chugging along at reasonable rates. Not the rates of the heyday, but, again, they are gone, now is now.
December is a month to close and get into your new home. Start building your equity now, there really isn’t a better time.