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Timing The Market - Fact or Fiction

Buyer Tip 

There is never a wrong time to buy the right home.  Trying to time the market at the right moment to purchase a home rarely works to your advantage. Real estate is a solid investment because of long term factors; equity buildup, value appreciation, and tax benefits. Finding a home that meets your criteria is a smart purchase in any market climate. Make a list of your criteria and make contact with a real estate agent even if you feel ‘now’ is not the right time. Stay in touch with your agent and keep an eye on the real estate listings in your area of interest, thus assuring that you will find the right investment at the right moment.

 

Selling Tip

Are you trying to figure out if ‘now’ is the right time to sell your home? Well the first step to that answer is; one recognize that the real estate market is different in every region; two never rely solely on one person’s advice or opinion. Here are a few decision points to consider:
  • Research your market, what are homes selling for? (Home prices nationally climbed 8.3% in  December from the same period a year earlier)
  • Acting sooner than later could be an advantage, buyer search activity generally peaks in March and April.

  • Currently according to the Wall Street Journal prices are rising – good news for sellers.

  • Interest rates on mortgages are still very low.


    Supply of homes for sale is likely to increase over the next few months, creating more competition, say real-estate agents. Again, make sure to see what is occurring in your regional real estate market.

    Finally The Wall Street Journal is upbeat for selling your home now: “Still, in many markets, sellers have more of an edge than they have had in years. One big reason: The number of existing homes on the market dropped to 1.74 million in January, down 25% from a year earlier and the lowest level since December 1999, according to the National Association of Realtors.”
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