Besides, buying real estate to live in isn't an investment, it is a home. There is uncertainty driving on the expressway but I made it again today, I love a trend!
NMLS # 6395
Financing Kentucky One Home at a Time
Housing inventory is shrinking across the country as big investors are buying up houses with cash. These investors know they the economy is recovering and that prices are on the rise. There are multiple offers on all nice house. Wait and I am pretty sure you will pay more for your house as well as your mortgage interest rate.
She may be right
I may be crazy
But it just may be a lunatic you're looking for
Turn out the light
Don't try to save me
She may be wrong for all I know
But she may be right
While higher interest rates will moderate prices that doesn't mean the net effect will result in a lower monthly payment. but then again, I may be right. I may ........................
I would have to agree with Lyndy. While prices are starting to rise they may be even higher later in the year. Also with talk of rates going up you could end paying even more. I am not an expert in the area you are referring to but you will typically end up just exchanging dollar for dollar if you choose to wait and either of the scenarios tends to happen. Good luck to you.
Just my opinions.
Exit Realty The Tracey Group
I work mostly in the Isle of Palms/Wild Dunes/Sulivans Island area. What we are seeing is the number of properties for sale falling, investors coming back and prices starting to rise. Most investors in the 2nd home market were waiting for us to hit the bottom. Now that we have and are starting to rebound they want to start buying again. Although I agee that interest rates will likely rise towards the end of the summer, I don't think they will rise to the extent that rates will scare buyers away. Even if they top 4% for a 30 year fixed, that's still very low historically.
Regarding Kiawahs new ownership/management, any group that invests $300 to $400 million to purchase a real estate assest like Kiawah, will want that assest to maintain a quality reputation and grow the value. And a rising tide floats all boats as they say.
I will be the first to admit I am not an expert on the Kiawah Island Real Estate Market. With that said, you are doing the right thing by asking this question here for local real estate expert advice as all markets are different.
My company has an office that serves the Kiawah and Seabrook markets and I would be glad to put you in touch with one of our expert agents for those areas if you would like?
Please feel free to contact me if so.
Dunes Properties of Charleston, Inc.
Real Estate Sales