With the local housing inventory high, interest rates at historic lows and a real estate market 'hovering a bottom', buyer opportunities are plentiful!
While prices are down throughout the Palos Verdes Peninsula, San Pedro Peninsula & South Bay, there are further ways to maximize your home investment even more by finding the very best buys in this "Buyer's Market."
"Whether you're looking for personal residence or an investment property, this is the best time to buy in years," said Elaine Mallon, Broker Associate with Coldwell Banker, California's #1 Real Estate Brokerage.
"To further help boost consumer confidence and help stabilize the housing market, the Fed is dedicated to keeping lending rates low, making this an even better buyers market."
"A highly-qualified Buyers Agent knows how to spot & negotiate the best deals for their clients," Elaine continued. "The know which areas have temporarily dropped the most in values, and which areas are likely to appreciatethe most in the future."
For example, some of the recet short-sales in otherwise pricier areas have pulled the home values down in those neighborhoods. Elaine notes, "It may not be fiar because not all sellers are distressed, but thos saes affect the comps in those areas and thereby reduce new listing values."
"In this down-market, you almost can't go wrong whereever you fin the right home for you. The first step is to get pre-qualified for your home loan so you know exactly how much house you can afford," says Elaine. "Step two is get yourself a solid Buyer's Agent who can read the market and help you find a great home for a great deal!"
Elaine Mallon is a licensed real estate broker, member of Coldwell Banker's International President's ELITE (Top 2% of Agents Nationally) and a Certified Negotiator. Additional, she is a Relocation Specialist and a board certified Palos Verdes Area Specialist, a top national award-winning Public Relations & Marketing veteran and a regular expert contributor to The Daily Breeze and Peninsula News.
For superior counsel with all your HOME BUYING & SELLING needs, please contact Elaine directly at (310) 544-8453 or on the web at www.CaMoves.com/Elaine.Mallon She looks forward to helping you wonderful find a place to call home!
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