Great time to buy
11/14/2007 1:53:03 PM
Good afternoon everyone.
As many of you know the Real Estate market has taken a very different turn from the last few years of crazy appreciation for every home under the sun but changes are definitely needed to keep the market in line and affordable.
One thing we are seeing is allot of, is sellers very unhappy once they see what their home is going tosell for now, compared to what it would have sold for 1-2 years ago. Sellers are asking where is the appreciation? Well it is there, the only thing is you received it over the last few years at a range of 10%-15% appreciation per year. Good appreciation is 5% so if you average it out your overall appreciation is most likely over 5% per year for the last 5 years.
The other big thing sellers need to look at is whether they are buying another home or not. As the home they are buying will also be priced lower. If you the buyers can look at Short Sales and Foreclosed homes there are even GREATER deals out there right now. If you are thinking of buying a Short sale property or Foreclosed home give us a call as we are the area EXPERTS at Short Sales and Foreclosed properties. www.RHSRealty911.com
Buyers and Investors are making a killing in this market right now. Homes that should be selling for example $500,000 maybe selling for as low as $350,000. New construction is giving some great deals on homes that builders are loosing also. Call to find out how we can help you get the best deal possible. Trust me when I say to you that builders are desperate and we know how desperate they are. So it's kind of like insider trading but this is legal. Calling a realtor from the Ketterling Group at 952-210-7222 will get you the best deal possible.