Jim Cramer (Mad Money) predicted this to best the best Spring Market that we have seen in the past 3 years and, although he has made some bad predictions in the past, I am agreeing with him on this one!
Let's be optimistic... Here are a few reasons why NOW IS A GREAT TIME TO BUY OR SELL A HOME!!
- Some of the lowest Interest Rates that we have ever seen!
- First Time Buyers Tax Incentives...$8000 is no joke!
- Home Prices appear to be at more realistic numbers!
- Inventory. Some of the unrealistic sellers have removed themselves from the market allowing for less frustration when finding the right home at a realistic price.
- Short Sales & Foreclosures- this process seems to be getting a bit easier to deal with (depending on the bank) since many Realtors are becoming more educated on the process.
- Lower inventory (and stale inventory) make this a GREAT time to list a home! Be fresh on the market, list now and beat some of the competition.
- Buyer incentives = more buyers, more buyers = more showings, more showings = more offers!
- If you are upgrading you may get a better deal on the home you are buying because there are less buyers in the higher price points.
- Downsizing? Sell now and cut your future expenses i.e. taxes, maintenance, insurance, etc. Why wait? These expenses don't go away and when your home's value increases so does the home that you are buying.
- You can also take advantage of some of the lowest Interest Rates that we have ever seen!
Spring market also means that the flowers are in bloom, curb appeal is greatly improved, people are tired of being cooped up in the house so they are out in abundance looking for their next home, & many people want to make their move over the school break in the summer so they start looking now.
I can tell you that we are seeing increased activity in Upper Twp. & Dennis Twp., NJ. Now is a great time to make a move so if you know of anyone in and around Cape May County, NJ thinking of buying or selling please give me a call. I can assure you that I am truly optimistic about the Real Estate market and I will do my best to help your referrals.
Coldwell Banker Township Realty
Call me Direct at (609)780-3938