Monterey Real Estate - All is Not Gloom and Doom

Monterey Real Estate - All is Not Gloom and Doom

 

With so much negative publicity and coverage on the current housing market, most buyers and sellers would think that the entire real estate sector is falling apart.  This is NOT the case, and a number of great opportunities exist for qualified home buyers right now.

 

Most home buyers did NOT get sub-prime loans, and most areas are not flooded with foreclosures.  In fact, in many areas, you'd be hard-pressed to even find ONE foreclosure.

 

Before everyone hits the panic button, let's examine the facts:

• Sellers have become concerned, even scared, by the drastic change in the market.  If you wait to buy, those feelings may subside since people do adjust to change.  Some sellers may eventually take a stronger stand after the dust settles as they realize their local market was not affected.  This is a real possibility in some of the most popular locations across the nation.
• Sellers are now WILLING, even offering, to make serious efforts to please an interested buyer.  Requests for re-painting, offering perks such as personal property (furniture, plasma TV’s, stereo systems, potted plants), even gym and country club memberships, could and should all be considered to make the deal.
• Loans are absolutely still available for those who can afford to purchase, so if that is you, there are still great rates as compared to historical standards.
• National Home Builders buy materials in large quantities and, often times, can and will pass along those savings to consumers if asked.  The addition of a pool, game room, etc. would typically cost a buyer considerably MORE time, money and up-front costs but with the savings afforded by the National Home Builders, this investment is certainly worth taking advantage of.

 

This is not fluff, but if you're in the market to buy a home, there could be no better time than now to do it!

 

If you're considering selling your home, get the facts on the market before you put your home up for sale.  All is not what it appears to be in the press.

 

We'd love to hear your feedback and comments about the state of the real estate market right now.  Chime in by clicking the "comment" link below.