stop sign or speed bump
What some people think is a stop sign is really just a speed bump. A normal Real Estate market brings speculators and people who flip properties for quick profit. Now people are buying for the right reasons. Sellers no longer hold all the cards and this helps balance out the market.
There are several benefits of home buying in a Cooling Market: Low prices and low interest rates just to mention a couple.
Inventory– When inventory is low this gives the sellers a lot of options however the right home is out there for you.
Negotiating Power – Keep in mind that there are still quite a few ‘steals’ out there and if your offer is not necessarily the ‘best’ offer. Although you have the power to negotiate, sellers are still waiting for a ‘reasonable’ offer. Talk with your Real Estate agent before determining what is a ‘reasonable’ offer in that particular area. By working with a qualified Realtor and being Pre-Approved prior to hitting the road to find your home will help you bring success.
Interest Rates – It is easy to get caught up in rising rates. Some people act like “Chicken Little” and scream about the sky falling when rates inch up a quarter of a point. Rates are still way below where they were 5 years ago.
A home is a great investment, especially if you plan to live in it long term. The national median home price has risen each year since 1968 (which is when record keeping began). When you consider the volatility of the stock market, the benefits of owning real estate still outweigh it and you get the tax benefit.
Do you still see the Real Estate Market as a Stop Sign or do you now see it as a Speed Bump?
As a mortgage banker, Marcy brings many years of financing experience including prior real estate sales to the industry. She offers her clients a wealth of experience from purchasing to refinancing, home equity lines of credit, including construction and commercial mortgage financing. As a preferred lender with CalSTRS (a program available to teachers), as well as an expert FHA/VA lender, she has and will continue to help people with their dream of becoming a home owner. Marcy is a skilled negotiator with a proven track record of service and loyalty to her clients. She understand’s that every financial situation is unique and that quality information and timely communication are the key to her clients’ high level of satisfaction. If you have any needs give her a call @ 661-755-4883.
Contact for Marcy:
www.marcyjames.net
mjames@gemcorp.com
