Mortgage interest rates are up a quarter percent over the last week! With real estate prices stabilizing, inventory going down and interest rates going up....when will it be your best time to purchase?
It is interesting that I am already having conversations with people that say they "missed the market". Are you kidding??
The "market" isn't a day in time that has passed. The best buying opportunities are here and now and I expect that to be the case for the next 6 - 12 months. The quality of properties at the best prices are becoming harder to find, for sure, and the difference between asking and selling price is getting closer, so why wait?
Twice a year it amazes me how many people rush out to retail stores across the Grand Strand for the "Tax-Free" weekends. These shoppers are saving about 7-9% on their purchase because tax is not collected. If that same store advertised a whopping 10% off sale for this weekend only would you get off the couch to go? No.
Right now real estate is discounted much more than 7% - 10% from not only what it was...but what it will be. Rest assured that what you see for pricing right now will not last. Our recovery to normal pricing will lag many of the other markets that are seeing appreciation, but it will come to our market. here are great properties out there at really great prices and the historical interest rates may very well be gone.
Isn't today a good day to start your search?
Let me know if we can mobilize our resources for you!
Have Fun!
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