There is no better time to purchase a downtown condo then now. Over the past six years we have been watching this market. Buyers are facing their best prospects, yet many don't seem to know it. The primary fear is that prices will continue to go down. This may seem like a valid concern but for investment minded people with long term plans to own, this is the right time.
No one can time a market bottom - not in stocks and not in Real Estate. We see the bottom only when we look in the rear view mirror. Mortgage rates are terrific, sellers are highly motivated, the supply of available units is astonishing, and government programs to encourage home purchases are creating some tempting opportunities.
For those who think of real estate as a short term investment, this is not for you. For those who want to own the home they live in and want to have lots of choices, you should be looking now. You should be well versed in what you can afford and how you will structure a loan. This means serious discussions with a lender.
Our team has years of experience working with buyers and sellers in all price ranges. First time home buyers and transferees moving to our region get the same service as our immediate family members would.
Don't wait. Interest rates may dip some but will eventually go up. Inflation will surely come on the heals of the big stimulus programs being debated in Washington DC, and sooner or later, the supply of decent homes will trend downward. These factors usually contribute to rising home values.
Please feel free to contact us for more information.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment