Don't follow the Leader
If we stop and think through the process we tend to buy homes when everyone else is. That also happens to be when sellers can ask more for their homes because of demand. On the opposite side when we hear in the media that houses are not selling we tend to not purchase because “no one else is”. For many buyers, now is the perfect time to buy. Home prices are lower, mortgage interest rates are low and there are more residential homes to choose from. Buyers need to be ahead of the crowd and access their own situation to see if they are just frozen in place out of fear. I encourage buyers to get educated about their current situation. Talk to your banker to find out what your credit score is. Find out what incentives are available for homebuyers and take advantage of them. Talk to a Real Estate agent to find out what is happening in the
We cannot predict when the housing market will change. However, when it does it will have seemed to have happened overnight and we will all be wondering how we missed the opportunity. Kym Lott