With the ups and downs of the current real estate market;
(1) How do you know when to buy?
(2)Or if you are getting a good deal?
These are the 2 questions I was recently asked by a client of mine. I thought this was such an important question; I have decided to address this question to everyone who would like to know.
(1). LETS BE HONEST! You will never know exactly when to buy. You will only have an estimate of when to buy, on a personal level. Are prices attractive now? Definitely, will they get better? probably. I personally believe interest rates will go up within the next year. If you look at blogs of our website I have clearly demonstrated how it is smarter to buy a little more expensive as long as you get a lower interest rate. It will pay off in the long run. See the details at www.LuxurySalesGroup.com .
Buying a home is a very personal decision and I recommend that people who want to live in a home, NOT FLIP IT, buy within the next 6-12 Months. It will pay off for you in the long run. There will be a mini frenzy of buying, once people realize they are missing out on low prices. Buy before then so you still a great bargaining chip.
(2). Everyone gets a little rush or a good feeling when they get a deal, But you have to do the numbers to know that you are getting a good deal. A lot of Realtors do Market analysis of homes when they are helping someone sell their home. I personally do this for my clients who purchase homes also. I provide a detailed report of exactly what homes have sold for in a specific area so you know exactly how much people are spending to purchase similar homes. My goal is to try and break the mold by getting the a discount on the homes anywhere between 5%-20%, depending on MANY things.
I encourage feedback. If you have any questions about my posts or blogs in general, contact me anytime at:
Anthony Dash
240.353.3163
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