Portsmouth NH Home Buyers - Time to Stop Sitting on the Fence!

We've all heard the latest news about the Federal Reserve dropping rates. And I know there are plenty of home-buyers out there wondering just what that means to them at this point.

Interest rates are now the lowest they've been in the last three years - how great is that??!!?

Plenty of buyers have been trying to time the market, and that is a VERY difficult thing to do. Are the prices going down more, will the interest rates go down any more - what should I do...these are things we know buyers are thinking right now because we get the phone calls and emails asking just that.

The plain and simple answer is - we just don't know! We can make predictions based on facts and figures from the last few months, and those can indicate trends. But at best, those are educated guesses.

Here's what we can tell you -

• prices have stabilized over the last few months in the Seacoast NH and Maine towns where they had gone down a little. There are a number of towns here in the Portsmouth NH area where the prices last year actually went up compared to the year before;
• interest rates are incredibly attractive right now;
• buyers have choices in homes and condos on the market for sale;
• sellers are negotiating somewhat, depending on how their home/condo is priced.
  

So, what does that really mean to you, if you're thinking about buying right now?

Get out there and find yourself the right home or condo for you! Prices may, or may not, remain where they are and interest rates may, or may not, remain where they are. But if you find just the right home or condo for you, that likely won't remain for sale for long as properties that are priced correctly are selling.

The home or condo you find today that you love just may be the home or condo someone else saw a couple days ago that they also loved, and they may just be making a move on it right now because of these great rates.



If you'd like to learn more about the financing process and getting pre-approved for Portsmouth NH homes or condos, call me or email me and I can share with you my recommended and trusted local lenders who'll work hard to help you out.

If you're a Seacoast NH or southern Maine buyer, and you want to find out how you can find your next new home or condo, make sure to speak to an expert local professional who will be dedicated to helping you out. I would be very happy to talk with you and/or set up a time to meet to help you on your way to reaching your real estate goals.

Ann Cummings, New Hampshire & Maine REALTOR
RE/MAX Coast to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678 x 3839
Servicing the Coastal Areas of NH & Southern Maine