Is Now A Good Time To Buy and/or Sell A Home?

In these confusing economic times, the question always comes up for those who are considering selling their home and/or purchasing a home. Is now a good time to move forward?

I believe the answer lies very much in your situation. For those who are renting and have good credit the answer is a resounding “YES”. Interest rates have never been lower, and with good credit, loans are still available. And prices of homes have not been this low in a long time. 

For those who need to sell a home before purchasing, there are two types of situations to consider. If you do not have sufficient equity in your home right now, then it is probably best to be patient and wait until the market begins to appreciate again. If you do have sufficient equity for a down payment, this now is a good time to consider selling your home and purchasing another home. Although you will be selling your home in a “wholesale” market, you will also be purchasing a home in a “wholesale” market. If you are moving up, you will probably be able to proportionately get a better “deal” than waiting until a “normal” market where you will sell at “normal” market value and purchase at “normal” market value. 

Whatever your situation is, if you are considering purchasing or selling, it is important to find a highly qualified Real Estate Consultant that can provide to you the up-to-date market data, and can advise you and protect your interests in the best possible way.

For a Free Update on the current market data for your neighborhood area , please click here.

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