Opportunities in the Current Market
If there is one thing I’ve learned in life and in real estate when I sense change happening it’s that hemming and hawing has never helped. Though, what has helped is taking a step back and continuing to find the opportunities at every turn.
Here are some of the opportunities I see in the current market:
Size Up: if you are currently living in your first home and want to size up, I think now is a great time! Even in changing markets entry level homes tend to have less downward pressure on prices than those mid to high priced homes.
First Time Buyers: I can’t guarantee much, but I can guarantee that interest rates will change. And once they drop, the buyer pool will increase and in turn prices will go up. Buyers today have more negotiation power than they’ve had in years and you can always refinance in the future.
Cash: while cash is always awesome but it’s not been easy to compete against buyers who are using a 30 yr mortgage with 3% interest. So if you are cash heavy today, you will love the current market!
There are also so many other opportunities in today’s current market that folks can take advantage. Please call me with more questions; I’m always here to chat!