Through my day to day adventures I talk to a lot of people about Real Estate. I am confused by people that say they want to wait or the market to hit bottom. The reason for this confusion is that I spend many hours per week studying the Real Estate market and I can’t even tell when that will happen. I can tell when it is starting to happen and when it is over. With that said here is my advice we are in the best time in 25+ years for people to buy a home.
Interest rates are at historic lows and inventory of homes is up. These two things historically do not happen at the same time. We need to also take in to consideration that real estate is a long term investment for most. Over the past 10 years the value of a 2,000 sq. ft. home in Davidson and surrounding counties have gone up abut 41%. (The figures are taken from the MTRMLS for closed properties with an average of 2000 sq. ft. and built in 1990).
To wrap up there is always a deal out there buyer’s market or seller’s market. The trick is that you have to study the market. Get connected with a Realtor®, I will be happy to help in the Middle Tennessee Market, let them set up searches that email you almost daily with the listings that interest you. If you see one with a price you like talk to your Realtor® check the other listings and sold properties in the area and make an offer.
Saskatchewan real estate has a lot of potential. The province has some of the richest deposites of uranium, oil, and diamonds in the world.
[...] estate advice from her dentist, not from a Realtor who is quite aware of the housing market. As my friend says, I am confused by people that say they want to wait or the market to hit bottom. The reason for [...]