The Real Estate climate is truly only clear for one group of people...those with a need to purchase now. Whatever the market condition, those with a pressing need will get into the market and, if they have the ability to pay the precious mortgage they are able to obtain for the next 3 to 5 years, will come out the other side glad their need drove them to act. REMEMBER: money is quite cheap...interest rates are favorable now relative to previous markets. Securing cheap money is a tremendous hedge against further valuation downturn in our market in light of the inevitability that interest rates will probably be higher in the future.
For those of you looking to gain an advantage in this market- sellers who need to sell are grateful for the opportunity to commence a negotiation with you. This offers an additional, tangible hedge against future downturns with the ability to actually buy a home under current market value.
Today's housing market presents the best time to buy in 4 years. Valuations - the difference between a home's actual price and what it should cost - are the lowest they've been in 4 years. This spells opportunity my friends!
For more on the current real estate market conditions, the need of a good electrician or any other real estate related need, I stand ready, poised to assist you.
Have a wonderful weekend,
Jillian
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