To settle the greatly heated debate of the current recession, here it is: now is the perfect time to buy a new home. And, if sellers’ homes are priced right to sell, they will.
Although it takes time, the market is still active and making a recovery. It’s important to keep in mind that the real estate market, like the economy, is cyclical. There will be peaks in the market along with valleys.
However, mortgage rates are at their lowest in recent years. Although selling won’t happen overnight, with efficient, focused real estate professionals, the number of days your home remains on the market can decrease.
The marketplace is more stable now than it was a year ago.
Some crucial things to remember when selling or buying:
Buyers--
· More options in housing inventory
· Fewer competitive offers on same properties
· Don’t have to pay asking price
· Various mortgage options
· “Wait and see” approaches are not always best
Sellers--
· Be realistic with your asking price
· Overpriced homes will not sell
· In high demand areas, there will always be buyers
· Properties will not sell as quickly as they did in previous years
Keep in mind that people will always need a place to live!
