Free Credit Report - Click here

You are entitled to one free credit report a year from one or all 3 bureaus.. 
Also find instructions to block any unauthorized companies from ordering your report
 in order to send you 'pre-approved' offerings.

         
    HOW IS THE REAL ESTATE MARKET?

 We agents get this question several times a day now – it's a great question and the answer is:  it's a great market because it is providing some smoking hot deals.  I see 50-100+ properties every month.  You want a deal?  Call me because I know several in every price range!

Another answer for the home owner who purchased their home in 2004-2007, this question translates to mean: when will I be able to sell and not lose money (or not lose too much money)?

For a potential buyer this translates to: when can I buy without any downside risk (or be guaranteed that the home I buy won't keep going down in price)?

For a buyer or investor who has already recently bought : when will I be able to maximize my return on my purchase (and sell for more than I paid)?

In order to address an answer to each category, one first has to understand that there is a more important factor than price when it comes to buying and selling. The most important is interest rates – no matter if you are buying OR selling. If interest rates rise 1/2%, a buyer's borrowing power decreases $30,000.

Buyers and Sellers please take note: a small rise in interest rates will more quickly affect a property's price than a continued wait for an increase/decrease of $50,000 in value. Qualified buyers (and appraisers) still determine today's market, but higher rates mean fewer potential buyers in every price range.

So when will the market get back to normal? I think it already has – this is the new normal where smoking hot deals are around every corner!

For those of you who bought in 2004-2007, there is no need to wait. Get the home you want now -capitalize on a potential buyer's ability to afford your home today, and take advantage yourself of low rates and lower prices for your replacement dream home.

Whether the prices go up or down from now on will depend as always on buyer confidence. As we go into an election year in 2012, low rates will continue and great bargains will abound. 

 If you are ready to buy a home or investment property, sell one or rent one out, call me for an up-to-the-minute answer in your specific category.  I'm fluent in Short Sales, REO, and Equity Sales.   I can only help if you CALL ME!

                      Remember, Nic L Sells!