Real Estate Tidbits

Buyers: Think You Need 20% Down? Think Again.

Many would-be home buyers think they need to put 20% down when buying a home... and this keeps many of those buyers out of the market.  Programs are available that allow buyers to purchase with very little money out of pocket... check out this short video and give me a call to discuss the possibilities.

Is It Still a Good Time to Buy Real Estate? Here are 3 Reasons the Answer is YES!

With all that's been going on in the the stock market, the real estate market, and in the global and nationwide economies, many wonder if now is a good time to buy or invest in real estate.  While that's certainly a fair question, think about the positives of buying in today's historically-low real estate market.

1. Prices are LOW:  Home prices are down by 50% or more in many areas, especially here in the Sacramento area.  El Dorado and Placer county values have dropped significantly, too, within the past five years.  Think of it this way:  Homes are ON SALE... up to 50% OFF and MORE!
2. Interest Rates are LOW:  Interest rates are the lowest we've seen them in decades.  They can't get much lower.  Those buyers who wait for lower real estate prices, may possibly pay less in price but, when interest rates go up, that savings on price may be lost by the interest rate increase.
3. LOTS of homes to choose from:  We're seeing available home inventories at some of the highest levels in many years.  There are LOTS of choices... regular sales (those with equity), short sales (those where the current owners owe more than the homes are worth), and REOs/foreclosures (those owned by the banks following a foreclosure).

So... as you can see, now may be the BEST TIME to buy.  Remember... the greatest opportunities are often had within the worst of times.  Those who succeed greatly often do it when others run for the hills. 

Call me and we can discuss the potential opportunties available for you.

August 2011: This Month in Real Estate

Home Seller Tip: Pricing Right Nets MORE and Sells FASTER