Is NOW The Time To Buy In Gilroy, Morgan Hill or San Martin?
If you have been saving your hard-earned dollars and keeping watch on the housing market, you owe it to yourself to consider buying before the end of 2013.
If you've been following the trends I publish in this blog, you know many homes have sold this year. You're probably also aware that multiple offers and sales prices exceeding the asking price were more common than not. Here's some good news if you waited to buy!
The local multiple listing service (MLS) for this area shows 197 single family homes, town homes and condos actively for sale as of 20 November 2013. That's encouraging for buyers, but let me share this tidbit with you . . .
There have been 25 sellers who reduced the asking price for their home so far this month. Two homes in San Martin published lower prices followed by nine in Morgan Hill and 14 in Gilroy. Ten of the twenty-five price reductions have taken place in the last week alone. Don't count on this trend to continue as seller's have the option to taking their home off the market!
That sounds like a wonderful invitation to think about making a commitment at this point in time. Oh, and one last nudge, more homes are being listed for sale! That means more choices for buyers.
Some buyers purchase their homes at the end of the year for tax advantages. You should consult your trusted tax consultant for advice on how this will impact your situation.
Only you can decide when it's time to buy, so I ask you - is NOW the time for you?
As always, let's foresee the possibilities . . . and get results!
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