The media is doing us all a disservice. They poke and prod, going on and on about how terrible the market is, yadda, yadda. They do say it is going to get worse. Millions upon millions of homeowners will lose their homes to foreclosures. On and on, they paint an extremely grim picture of real estate.
Guess what ladies and gentlemen? It is a GREAT time to buy. Home prices are in fact rising, just not at the astronomical level they were a few years ago. Values are increasing; just at a much more NORMAL RATE. For instance in Harford County this year, sold home prices rose this year 6.30%. Listed prices on homes in Harford County rose over 10.14% Do those numbers supplied by MRIS lie? Homes in Baltimore County experienced nearly the same numbers, at a rise of sold properties of 5.44%, and a rise of list prices of 8.27%.
The media loves to paint a picture of doom and gloom. Any story is a better story if it inflicts fear in the general public. Just look at an edition of The National Enquirer, gossip, juicy, negative tidbits about all of our favorite or most loathed stars.
Be smart, ignore the media, follow a professional in the fields advice. Look at the numbers, they do not lie. With all the current homes in pre-foreclosure, foreclosure, hud owned, and short sale, it is a great time to find a deal. Buyers need to realize, they do not have to fight over homes and overpay in a bidding war nowadays, like they did a few years ago.
Instant equity in a property is also not hard to come by. How wonderful is it to purchase a home, and have instant equity? This is not a dream, it is a reality. Sellers are also more apt to contribute towards closing costs to get the deal to the closing table. My question is; what are the buyers waiting for?
It is a great time to buy a home..
Mark & Gloria Price
Long & Foster Real Estate
Baltimore County, Harford County, and Cecil County Real Estate is exciting! As members of the National Association of Realtors, we are professionals full of knowledge and expertise in the field!
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A downmarket (of any sort) is always an opportunity! By the way, I like your picture.
We've actually had some positive headlines lately. And the articles themselves are doing a better job of being balanced about covering prices, time on market, sales volume, and other projections for '08. Hope the good articles keep coming,
There are some areas here that have actually gone up in price, as well. However most of the press is still very negative in my area.
Thanks for sharing!
Thats a very nicely written post Gloria.