Current Real Estate Market Opportunities That Should Not Be Missed
Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home or condo will be in the marketplace. You, your family or your renters will not be bothered and inconvenienced by "lookers". The lookers are at the mall or online doing their after Christmas bargain shopping.
There is Far Less Competition
Housing supply always shrinks dramatically at this time of year. Banks and investors will be putting some of the distressed properties they have been slowly releasing to the market out there but for buyers looking for non-distressed properties, the choices will be limited. This is especially true in Lynn Haven and Panama City Beach. Don't wait until the Spring when all the other potential sellers in your market will put their homes or condos up for sale.
The Process Will be Quicker
One of the biggest challenges of the current housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow up in the Winter cutting time lines and the frustration these delays cause both buyers and sellers.
There Will Never Be a Better Time to Move-Up
If you are moving to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 15% from now through 2016. If you are moving to a higher priced home, it will end up costing you more (both in down payment and mortgage payment) if you wait. You can also lock in your long term housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
It's Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with your family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way your have planned it to be?