Don’t miss the boat!!!
It amazes me at the number of shoppers waiting to buy a home because they think if they wait, a better deal will surface. Let’s look at a couple very important indicators.
Interest rates are astoundingly low! Don’t wait for the interest rates to drop to 4% because it may not happen! We are currently at historically low interest rates. Just as in the stock market, you risk a lot when you try to pick “the bottom”. If they do go lower, it will not be by much. Now is the time to take advantage of the current interest rates!
If you are waiting for prices to go lower, you may have missed the boat in most cases. Sure there are some areas of the US where it will be a while before the market stablizes, but in Navarre we are seeing many indicators that show we are leveling out.
1% interest rate is equal to about $10,000 in price. If you think prices will go down another $10,000 on the home you are looking at, don’t hold your breath. Even the experts are telling us the housing market is making a turn around.
In Florida, we have seen home sales rise over last years sales 4 months in a row. Now we are seeing values starting to stableize. If a buyer is waiting to see prices fall another 10 grand on the houses they are looking at, the interest rate may go up and kick them out of the game all together.
The point is, that NOW is the time when home values and interest rates have synergistically hit historic lows. What more could one ask for???
I predict that by the time summer is over, the best bargains and opportunities will be behind us. Feel free to contact me if you see it differently and I will be happy to look at your numbers. However the numbers are clear to me that this is the time. Now is the time to buy. Don’t think you can out smart the market, cause you might miss the boat!
For great bargains on Real Estate in Navarre, Ft Walton Beach, Destin and the entire Florida Panhandle, go to www.search-panhandle-homes.com
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