I am hoping that the blog post I entered onto my website today will help my fellow colleagues out there. Granted--I do mention my particular area (which is the Silicon Valley). Any one of you can use the "trifecta" verbiage with your clients and investors. I have found that it makes sense to most people (that have jobs, anyway!):
Despite reports from the San Jose Mercury News and other media conduits, people ARE buying and selling homes in the Silicon Valley. Undoubtedly, prices have fallen. If you or someone you know wants to sell to either move-up (for school district, larger home, better neighborhood, etc.) or downsize into a smaller home, this is the perfect time.
I recently heard a term from someone in my coaching class that relates to real estate in the Bay Area (and actually beyond our local market) and I believe it categorizes the opportunities that are currently out there perfectly--a "trifecta."
According to Wikipedia (http://www.wikipedia.org/), "trifecta" is a term used to describe any successful or favorable phenomenon or characteristic that comes in threes. The trifecta we have right now in the real estate market is:
1) low interest rates
2) lower property values
3) sellers that are willing to negotiate
Oh, and if you are a first-time home buyer, don't forget the tax credit that is part of the Stimulus Package. For a list of FAQs regarding the Stimulus Package, see the blog post on 2/18/09. Blog: http://www.thedawnthomasteam.com/Blog
Good luck everyone!
Dawn Thomas
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