I have been talking to many prospective buyers in the past few months. There is a common question that keeps appearing: Is it a Great Time to buy a home? The hidden question is "when". The Answer is easy: Now is a Great Time to buy a home.
The way the current real estate market is, i.e.: large inventory, anxious sellers, low interest rates, motivated listing agents, it all leads back to the economy. Since sellers need to liquidate or move, to be able to make life changes, here is a great opportunity for a qualified buyer to take advantage of this opportunity in buying a home.
The buyer can negotiate even a better price now, since it is December. This time of year Real Estate is traditionally slow, but sellers still want to sell, hence here is a golden opportunity to be in the market for a home.
The combination of the traditionally slow winter month and the lack of consumer confidence make it a perfect combination to negotiate an excellent Deal on a Real Estate Purchase.
The price of Real Estate in the Greater Los Angeles is down anywhere from 20% to 39% depending on the location. That means prices are, what you would have paid in 2004 if you could have bought it. If you are like many buyers of those days, you could not buy the home, since the properties were selling so fast and you missed out and were out priced. Now here is your chance not only to buy but to negotiate even a better price.
If you are a consumer who is considering buying or selling a home,investment real estate, vacation homes, or beach properties in Southern California, Los Angeles,Beverly Hills,Culver City,Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com
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Endre has 13+ yrs local experience representing buyers & sellers in the greater Los Angeles Area.He is a Land expert & all clients love his candid style, he is also a Certified Relocation Specialist.
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Its a wonderful time to buy if you are a cash buyer... anyone wanting a mortgage will think they need to wait for the fed's new improved rate drop to 4-4.5%... Im fit to be tied over that announcement, no buyers are going to pay 5.5% or higher if they can negotitate a better rate in a week or two. Bernacke outta be muzzled.
Gail,you are so right, I find it unfortunate that Mr. Bernacke in such a high position fails to grasp the simple issues. ..I was telling my clients, when he started to raise the interest rates indiscriminatly (because he was focusing on inflation), that he would single handedly sink the Real Estate and the rest of the Market. Sadly I was right and he was wrong....What I am hoping is,that buyers are smarter then Mr. Bernacke and understand that 1% interest after taxes is almost negligable to what they can negotiate today in actual purchase price.