Here we are mid January and things are starting to move. Over this past weekend I submitted offers for two buyers and it turns out while we were looking at the houses, they were negotiating contacts. Even with quick action to see and write we missed out. What I am seeing is that sellers who need to sell are starting to price accordingly. I am seeing some great properties in the $160’s that normally be in the $170’s. Is the market coming backwards? I don’t believe so, what I feel is that certain sellers are getting more realistic about what they have to do to sell their homes, ADJUST THE PRICE, because that’s what speaks. In turn buyers are having to move on these deals quicker. Every one is looking for a good deal, when it comes, serious buyers act. Nice houses, in nice areas, at nice prices always sell fast.
With interest rates as low as they are this is a prime time to buy. Remember that a 1% drop in interest rate is like all prices dropping 10% when it come to affordability. Now you have the best of both worlds. Good Prices and Great Rates.
This is an awesome time to pick up some rentals, with less people qualifying for financing because of increased down payment requirements they will need to rent. Don’t overlook new construction as rentals either. You may pay a higher price and have less cash-flow upfront, but lower maintenance costs and faster appreciation its a good thing to look at , plus some builders are offer great incentives right now.
Overall the market is looking good. If you are on the fence about buying, get off and give me a call. 537.8959. Let’s go out and get you a house.
Have a blessed day,
Joseph
Joseph Cortez 