9 out of 10 people ask me with dread in their voices "How's the market?" My response is it is good. STOP LISTENING TO THE MEDIA AND NAYSAYERS! The perpetuation of the negative message is helping to contribute to people not moving forward in their lives and pushing us toward a recession.
To put it simply it is a GREAT time to buy. The prudent investor should be buying everything that they can during our current market. This is the market where you "stock up" and laugh all the way to the bank when the market goes back into the Seller's favor.
If you have a house to sell and want to buy a more expensive home you will capitalize on the purchase. You may have to reduce your price by $10,000, but that will equate to approximately $20,000 on your purchase of a more expensive property, because those prices are down too. Doesn't it make sense to buy your next house and have built in equity when you move in??
The lending market is different. Sometimes the rate changes several times in a day and you will have 30 minutes to lock or not. If you wait and wait thinking the rate is going to keep going down or the price of the house you want is going to keep being reduced, you may wait too long and lose out altogether.
Turn your wasted energy (fear) into profitability. Get out there and contribute to your local economy. DON'T WAIT, IT COULD BE TOO LATE!!
Debi
I've been licensed since 1995. I started out in the tough Washington DC market. I've lived & worked in Pierce County since 1997. I currently reside and office in Tacoma. How can I help you?
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