WAITING FOR THE BOTTOM TO DROP OUT on HOME PRICES?
Lake Tahoe, California
WAITING FOR THE BOTTOM TO DROP OUT on HOME PRICES?
Bonnie Jessee 530 412 3984
Whenever the market slows and prices decline as they sometimes do in certain areas, I have noticed some buyers are extremely tempted to wait on the bench to find that incredible bargain in terms of price, location and whatever other amenities you are searching for.
My professional advice is to not let yourself be tempted for too long! Keep these things in mind - when prices turn, interest rates usually follow the upswing. A home that appeared to have a bargain price and great financing can lose both those advantages as quickly as overnight. Remember also, once the market has truly turned upward, history tells us it is likely not to descend again and if so that time period could be decades.
Also, there are considerations other than money when making that very important decision to purchase. If you have found the home for your own future and the future of your family, risking the potential loss over a few hundred or even a few thousand dollars just isn’t worth it!
Purchasing your vacation or second home isn’t all about financial issues of course. It means living your dreams and those of your family. Waiting for the bottom might find you buying on the upswing!
Please call me anytime and allow me to share our current market information with you.
Bonnie Jessee 530 412 3984
www.welcomehometruckee.com
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