Time is No Longer a Buyer’s Friend

Most of us put important things off; procrastinating home-buyers were rewarded for waiting with decreasing interest rates and lower home prices until last year. However, going forward you will pay a hefty price for delaying your home purchase. The price will be in the form of a higher payment for the same house or the same payment for a less-desirable home. Additionally, the market will become … Continue reading...

THE VERDICT IS IN – WE REACHED THE BOTTOM OF THE MARKET LAST YEAR

You cannot be certain that the bottom of the market has been reached until six months has passed. I told my clients and people I talked to last year that I thought the bottom had come and values were on their way up; but, there wasn’t solid data covering all the various segments of the market to support that opinion until the annual statistics were released last month. With a few exceptions, all … Continue reading...

WHAT DETERMINES THE VALUE OF REAL ESTATE?

The short answer is that buyers determine the value of real estate. Any commodity is only worth what someone is willing to pay for it. Sellers of real estate establish an asking price, which may be considerably more than what an informed buyer should be willing to pay; there are some typical errors that sellers make in projecting what their property is worth. Buyers who choose to be represented by … Continue reading...