Now couldn't be a better time to buy real estate!
It has been my experience that in a slowing real estate market, sellers are very aware of the power that resides in the hands of the buyer. Negiotation is the foundation for this power in hand. With an excess of property on the market, and not as many buyers as just a couple of years ago, the simple principle of supply and demand takes affect.
For sellers there are three tools for a successful sale:
1. your home must be priced better than your comparables on the market
2. your home must show like a model
3. you must have extensive internet exposure to keep your home in front of the buying public
It's very simple - In a real estate market that is "normalizing" as the current one is, Price is the number 1 factor in selling, and Buying! With all this said, now is not a bad time to sell either. If you have a reason to sell, and can price your property within the market - It will sell. Buyers are more educated today than ever before. When your property is overpriced - you won't receive a call.
Interest rates are now at a 2 year low. The government's attempt to lower fund and discount rates has a delayed effect on mortgage rates. With at least one more cut on the way, mortgage rates are more than likely as low as they will get. Now is the time to act if you want a new home. Negotiating power, and low interest rates can do nothing but enhance your investment for the long run. Call Brian Mulloy today to see where you stand in the current market conditions. 270-846-1818