On The Market
By Nancy Puder
Now is the ideal time to jump into the real estate market, whether you want to buy a home or if you are thinking of selling one. This is especially true if you have been renting. Have a property to sell? Now is the time to put it on the market. Here are important reasons as to why right now is the time to buy or sell your home.
Skyrocketing Rents
With low interest rates and increasingly more reasonable mortgage guidelines, your monthly payment to buy a new home may be equal to or even less than what you are currently paying for rent. If you are worried about coming up with a down payment, it’s important to check out some of the newer first time home buyer programs that can assist you.
Security
When you own your own home it means that no one can give you a notice to move as long as you pay your monthly payments.
Home Value Appreciation
Home values rise and fall, similar to the stock market but not as erratic. Many Americans have enjoyed the freedom of owning their own homes and have sold later for much more than they paid which has helped provide for their future. There are no guarantees in life but believe me when I say that many more have benefited from real estate appreciation than those who have not.
Time To Look Ahead
Perhaps you still feel the pain of losing your home to a foreclosure or short sale a few years ago. Now is the time to put that experience behind you and begin to make a plan to re-enter the market. If this is you, it is critical to get guidance from a mortgage and/or real estate professional right now.
Prices are Back Up
Have you thought of selling your property but have been waiting for prices to go back up? This has happened. Don’t listen to media reports that prices are down. In many real estate markets, prices have not only returned, but have actually exceeded pre-bubble values. Don’t rely on what your neighbor’s house sold for or what Joe at the office told you last week, or worse, inaccurate news reporting. Your trusted real estate professional will be able to give you an accurate overview as to what is happening in your area.
Does this mean that you have to do something by today? Yes. Today is always the right time to begin to make a plan for your future. It costs nothing to gather information from a trusted professional. Take the first step by calling your chosen Realtor or call me directly. I always enjoy hearing from you!
Nancy Puder is a Realtor/Broker with Nancy Puder & Associates, the premier real estate boutique company in Arroyo Grande, CA. Nancy Puder is one of the largest listing brokers on the Central Coast. Call or Text Nancy (805)710-2415 with your real estate questions anytime. She always enjoys hearing from you! To access other articles written by Nancy Puder, go to www.nancypuderassociates.com. Readers can also email with questions or to discuss their real estate needs.
