If you have been watching the news or reading the paper, odds are you have come across an article talking about how the real estate market has gone down the tubes. Plus with high gas prices and a turbulent stock market it's hard not to get discouraged. But the truth is that the real estate market is not the horrible market that the media is depicting. The fact of the matter is that this is probably one of the best times to buy a home. With the prices of homes dropping to record lows. Buyers who have great credit and much liquidity are very powerful people in this market, considering the number of homes available to purchase. As a realtor I come across alot of sellers who complain about the "down market" since they aren't getting what they paid for there home. What most buyers and sellers don't realize is that cost has nothing to do with value. Zip, nada, nothing! A perfect example would be if someone inherited a home. That person didn't have any costs since he/she inherited the property. However if he wants to turn around and sell the home, he would want to find out its value. See what I mean. What you pay for the house isn't necessarily what its worth. It's what the buyer is willing to pay for the home. With that being said, if you have any questions on the market please feel free to log onto my website at
http://www.fnunezrealestate.com/
1 comment:
Well said Mr. Nunez! No matter what kind of market we are in, there will always be buyers looking to buy homes and sellers looking to sell homes. What does change, however, is the availability of quality properties at attractive prices. In this market, I think it's safe to say, that the only problem a serious buyer will have is deciding which property to purchase. Kind of like a kid in a candy store who just got their allowance!
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