Buy low-sell high & enjoy everything in between
For a majority of home buyers & sellers this time of year normally has the highest volume of transaction. It is a time when families can get resituated into a new home and their children can start school in the Fall at the beginning of the school year with their peer group. Good schools, low crime areas, extra-curricular, activities, sports, adult supervised events, art instruction, drama and music instruction and performance, dance, creative writing and all the activities that growing children do using their home as a base of operation.
With all these family details in mind, there are always other items and amenities that cause the Springtime and Summertime to be a big moving time of the year. The weather is amenable for transferring your furniture and all your belongings from one place to another. The children are not in school. It is a time to socialize and move closer to your social peer group. It’s a time for outdoor activities. It’s time to get the BBQ out and have friends over into your new diggs. It’s time to move closer to work and quit losing time to the freeways and commuting back and forth when you could be spending quality time with your loved ones, children and friends.
It’s a good time to paint or do small decorating projects so your new home will feel like home. All in all Springtime and Summertime is the best time of year to buy a new home. In many cultures The beginning of Spring is the beginning of the new Year. Time for New Years Resolutions and Changes.
Beside all the normal season motivations to buy real estate at this time is the new market reality that home prices are all low because of the world economy. The real estate balloon bust of 2006 has taken it’s toll. Even sellers who have abundant equity in their homes have to meet the market prices of the lowest selling homes with the same amenities and comparable statistics. Therefore prices for great homes are very affordable RIGHT NOW, while it lasts. There are many buyers who are buying multiple homes in this market to build a financial fortress for the future. Interest rates are near all time lows again. The Euro debacle and shaky stock market has sent investors into the U.S. Treasury Bonds and real estate. This affects the mortgage interest rates. It brings them lower. It is a fantastic time to get a low mortgage rate. The average last week for a 30 year loan was 4.71%. Some people with stellar credit ratings are getting near 3.5%. These kinds of rates haven’t been seen for some 40 or 50 years. It is your big opportunity to buy a home for your residence, pay a very low interest rate and only 3 1/2% (FHA loan) down payment if you reside in the home for 3 years.
I am writing this to try to persuade people to act now. There will never be a better time to buy a home. A home of your own to fix up, add to, raise children, sell in the future, make a bunch of money in appreciation and have the pride of ownership.
The only way to make it happen is to take action now!
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