This is especially true in my local area of Tracy, Mountain House and the Central Valley of California.
The buyer opportunities are amazing, interest rates are the lowest they have ever been in history. Prices are at an 15 year low. Why shouldn't buyers be buying?
As to Sellers, there are so many opportunities for buyers that many buyers are buying. This leads to fierce competition for well priced, maintained 'tier' one properties. Sellers are seeing multiple offers on properties, over asking price is common, and most properties are selling within the first 30 days on the market.
So the SIMPLE answer is YES!
If you're not in the "game" why not? What are you waiting for? If you are a seller looking to sell, Sell LOW, BUY LOW_- you'll make up the difference in what was and what is in no time.
The easiest 'virtual tour' I've ever done.
I had some photos, and I use Picasa to keep my photos organized.
If you upload your photos to PicasaWeb, you have the option to "make a movie."
You can add music to the movie, and then voila - you create the movies.
Upload to YouTube (this is the first one I tried, it's photos of my son golfing) and you are DONE.
All this in less than 10 minutes.
When did this ball BOUNCE?
I can tell you --- it bounced when it hit bottom and started back up.
There is an old saying, "buy low". This is TRUE- however - no one has EVER said "Buy Bottom".
Why not -- why not "Buy Bottom, Sell TOP?"
Because we don't know know where Bottom is? We don't know where TOP is either.
So here is the best advise I can give..... AIM LOW!
Weigh all the facts, the interest rate, the current price of homes and when you think it's LOW enough for you, get off the fence and BUY.
I do know this --- there are going to be a lot of people in a few years who said "I wish I had bought that house in 2009, it was ONLY $XYZ. " We've seen it before, we'll see it again.
AIM LOW ----- BUY LOW-----
Attention First Time Home Buyers!!!!
I spoke to a client - and shame on me - for not telling y client myself -- his tax person had no idea about the tax credit available for First Time Home Buyers. SO --- to redeem myself - Im going to tell everyone...
If you purchased a home between April 9, 2008 through June 30, 2009 (yes it can be retroactive) and you have not owned a home for the past 3 years, you qualify.
If you are single or married filing jointly the govenment will give you an interest free loan of $7500. Your payments will be $500 over the next 15 years, and will be paid via your tax returns yearly. THis credit is REFUNDABLE which mean even if you don't owe taxed you get the money.
There are some income stipulation and if you should sell or refinance the loan would need to be paid back. Check with your Tax Advisor, ask them if they qualify.
Have fun!
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Tracy is my home. I've watched it grow & expand, into the new community of Mountain House. It is an honor when people choose me to help them sell or purchase thier home. 1st Time Buyer, Short Sale....
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