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Craig Pattberg's Blog

Exploring what's going on in real estate in Utah.

By Craig Pattberg | Agent in Midvale, UT

What to do....

I believe it's a no brainer.

  • Prices will go up. 
  •  Mortgage rates will go up. 
  •  Rental rates will go up.  
  • Employment growth will make gains.  
  • Confidence will return.

I have rentals and rents are going up.  If I were younger I'd be buying long term residential real estate now.

If I thought I was going to live somewhere for more than 5 years I'd buy now.  

If I owned my first home but need/want a bigger one, I'd keep my first home and move up.

Oh but most of us are mere followers.  We wait for the turn to be made in the economy and then lose out on the potential gains.  It's not necessarily bad, it just is.

I'm looking at selling two of my properties soon, a condo and a townhome.  I'm semi retired and want to quit working and then go on a trip for a year cross country.  

And why not sell, I'm seeing multiple offers everywhere.  And I know it sucks to deal with a bank so I have an advantage.  Would you rather buy from me or a 3rd party short sale.

Clean homes are selling.  And if they are not a short sales they have that great advantage.  

Even though now is a really good time for everyone, I doubt we'll see an uptick until the campaigning for the next president starts.  Then we'll see many pushing for jobs growth and home owership.  And they will acutally do something about it.

Got a question, give me a call or email.

Have a great day.

...Craig  

Comments

By Torang | AATRealty,  Tue Jan 8 2013, 08:56
Great Information!
Thanks for sharing.

POST
 
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