"How's The Market?" I get asked this question almost everywhere I go. The truth is... it has really improved. We are busy even in December. There are still buyers in the market, interest rates remain at record lows and inventory is down.
There has never been a better time to buy a home, despite the doom-and-gloom media headlines that still linger in the recession's wake and otherwise cloud an upbeat housing market. Beyond the grim headlines, there are plenty of positive signs that the current housing market is on the rebound; competitive home prices, record-low interest rates, and fewer homes on the market.
Lower home prices and interest rates combine to provide prospective buyers with substantial savings-both in monthly payments and over the life of a loan.
What is the VALUE of Your Home? A Comparative Market Analysis (CMA) is an evaluation of similar homes in an area-also known as comparables- to determine the current market value of a home. Real estate agents, on behalf of buyers and sellers, perform a CMA to determine your home's value.
You may be thinking you're ready to sell your home and that you should wait until spring (because that is the best time to sell right?) The fact is you have a better chance of getting the best price while there are fewer homes on the market. The buyers looking this time of year are serious and they are finding that there isn't much to look at. If you have plans of selling in the coming year, I encourage you not to wait.
The best part of my job is the satisfaction I get from assisting my clients in the purchase and sale of real estate. Managing all the details and removing the stress from the process is truly rewarding work.
I am passionate about my work and look forward to every opportunity that presents itself. If you or someone you know may be considering buying or selling a home, please contact me. I would be happy to provide any assistance I can. Please visit McTaggartHomes.com.