Buying a home has always been the best investment, and today it's even better. Reports of doom and gloom must be put into perspective, and the longer you hold out waiting for the best deal the more likely you are to miss a great opportunity. Here are some reasons why now is a good time to buy a home.
It's a Buyer's Market, Folks
Many sellers have upgraded properties to increase curb appeal. Your next home most likely has new windows, a top-notch roof, energy efficient appliances, and a much nicer bathroom and kitchen. There is no need to worry about major home improvement projects; today's homes are move-in ready.
A ton of brand new homes are on the market at great prices, too. Buy a new construction and be the first to park in the garage, paint the walls, and landscape the yard. A new home is your opportunity to put a stamp on something truly meaningful.
You Can Afford to Be Choosy
Your choices in the housing market may feel a little staggering. You have the chance to shop real estate until you find exactly what you want. Record low mortgage rates are a nice bonus that make your dream home even more affordable.
What About Expired Government Home-buying Incentives?
Think you've already missed a great deal? Actually, these incentives caused prices to rise for a short time, offsetting some advantages to buyers. It's all part of the cause and effect cycle in real estate, and what you're looking for is balance.
It's Time to Buy a Home
Remember, you're not buying a house-you're buying a home. Weigh your options carefully, but don't wait so long that you miss this good opportunity. Picture your family and friends relaxed and comfortable in every room and you'll see yourself, proud of your smart investment. Posted by Jesse at 7:15 PM
The Atlantic hurricane season could be the busiest since 2005, when Katrina and Rita caused massive destruction along the same part of the Gulf Coast now struggling with the largest offshore oil spill in U.S. history, government scientists said Thursday.The 2010 season may spawn as many as 23 named tropical storms, including up to seven major hurricanes, a number not likely to be affected by the spill, the National Oceanic and Atmospheric Administration predicted.
Eight to 14 storms would strengthen into hurricanes, with top winds of 74 mph or higher, the agency said. Three to seven of those could become major storms that reach Category 3 or higher - meaning they bring sustained winds of at least 111 mph.
A hurricane might help break up the oil spill staining the Gulf of Mexico, but the oil won't affect significantly how tropical storms develop, forecasters said. They don't know what kind of environmental hazards to expect, though there are fears that winds and waves could push the oil deeper into estuaries and wetlands.
Government scientists said Thursday that anywhere from 500,000 gallons to a million gallons a day has been leaking from the site where an oil rig exploded April 20, killing 11 people. BP PLC, which leased the rig and is responsible for the cleanup, and the Coast Guard previously had estimated the flow was about 210,000 gallons per day.
The expanding slick already has coated wildlife and marshes in Louisiana, but Lubchenco said the spill is still small relative to hurricanes - which sometimes span the entire Gulf.
Although some oil could be pushed inland by a storm as it makes landfall, it could be difficult to determine whether it leaked from flooded cars or factories, Federal Emergency Management Agency chief Craig Fugate said.
Three hurricanes developed out of nine tropical storms in 2009. None of the hurricanes came ashore in the United States. Hurricane Ida hit Nicaragua as a Category 1 storm in November.
National Hurricane Center Director Bill Read said Wednesday that his biggest concern for the season is a storm striking Haiti, where hundreds of thousands of people have been living in makeshift camps since the Jan. 12 earthquake. Heavy rains can trigger serious flooding and mudslides in the mountainous Caribbean country, but no evacuation plans exist for displaced communities.
Tropical storms are named when their sustained winds reach 39 mph. The first named storm of the 2010 season will be Alex.
In April, Colorado State University researchers predicted 15 named storms would form this season, with four developing into major hurricanes.
Are we ready for Hurricane season?
Florida's existing home sales ROSE in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®.
Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March 2009, according to Florida Realtors. Statewide existing home sales last month increased 37 percent over statewide sales activity in February. Also noteworthy: While March's statewide existing-home median price of $137,000 was down from the same time a year ago, it was 4.3 percent higher than February's statewide existing-home median price.
Florida Realtors also reported a 63 percent increase in statewide sales of existing condos in March compared to the previous year's sales figure; statewide existing condo sales last month rose 40.6 percent over the total units sold in February. Though March's statewide existing-condo median price of $96,900 was down compared to the year-ago figure, it was 5.1 percent higher than February's statewide existing-condo median price.
Seventeen of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in March while all MSAs had higher condo sales. A majority of the state's MSAs have reported increased sales for 21 consecutive months.
I believe we are heading in the right direction! It also means the PRICES WILL SOON RISE!
if you are a buyer I believe the time to act is NOW, tomorrow might be to late.
The March 2010 average residential sales price of $180,069 represents a 6.01% increase over last month, a 5.38% increase over last quarter (3 months ago), and a 2.58% decrease over March of 2009. Although we're close, we have not broken through the low hit in January 2009. After about 18 months of finding news lows every month, we have spent the last 13 months supporting the low found in January 2009.
The Average Residential Sales Price represents the average sales price of closed residential sale transactions as reported through the MLS for single family homes, townhomes, condominiums, and villas. As noted on the GTAR website, these figures do not represent private sales or new construction sales unless entered into MLS. This is only one of many available indicators, but taken consistently over time, provides a good view of residential market activity.
The reality of what we've been through - The March 2010 average residential sales price represents a 26.11% decrease from 2 years ago, a 36.26% decrease from 3 years ago, and a 42.35% decrease from the high of $312, 356 hit in July 2006. It is encouraging to see what appears to be tremendous support at this average sales price
will things get better or worse? what is your take. I believe that we are doing the right things to get the market back where it should be however because we are so deep in the hole it will take a long time for us to get back to normal, my prediction is late 2011.
Dear Clients:
I hope you are doing well, as always I am constantly looking for ways in which to improve my business so that I may Better serve you my clients.
This past year has been a trying one for the real estate industry as you have probably heard, many businesses have gone Under and an estimated 67% of agents have either quit the business or gone part-time. The industry has been hit with a Big right hook however many of us are still standing while others have folded. This is why I have aligned myself with one Of the most successful teams in Florida to be able to better serve you.
Team Brumbach Realty Group has been in the real estate industry for over 10 years, together we have over 30 years of real estate experience ,To better serve you "our clients". Team Brumbach is also a "one stop real estate solution" where we offer you, residential sales, commercial real estate, Property management, short sales expert, distressed property certified, REO's, Mortgage Lending, and Loan Modifications. Team Brumbach Realty Group Does it all and we are here to serve you.
This was not an easy decision to make however it was the right decision to make. While looking for the right team to merge with, I needed someone that Shared the same value's as I did as well as shared the same goals and ambitions while at the same time keeping our focus on customer service, the team That always came out on top was Team Brumbach Realty group.
Please consider Team Brumbach Realty Group for your next listing or purchase and or any of your real estate needs.
We are now stronger than we ever have been, while others are leaving the business we are growing our business.
I look forward to hearing from you soon.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved