The Real Estate Market is making a comeback and not just in our area! California, Florida and Nevada are markets that saw a substancial drop in property values and are rebounding. I've said it many times, the Real Estate Market is like any other market/investment, it is cyclical. We will have our ups and down times. So how do you determine when the best time to buy will be?
I've personally always thought it best to buy when the market is low and sell when the market is high. Most share that very thought. Determining when the market is at it's lowest is a game that many investors and home buyers find themselves stuck figuring out. The market has hit it's low. In fact all indications are that it hit the low a few months back.
Prices in our area are gradually moving upwards, interest rates are still very low and the Spring Market is just around the corner. If you are thinking of listing your house in the near future, now is a great time to avoid the Spring competition. The Holiday Season is ended and buyers are back to business.
If purchasing a home it's a great time to do so as again you are eliminating competition. A different type of competition then the Sellers will experience. You are avoiding multiple offer situations in most cases by concentrating on your home search early in the season. You will also experience great interest rates.
Now is the time to purchase and/or sell.
Jennifer Daywalt, RE/MAX Results Realty - Collegeville
Licensed in PA
Phoenixville's Home Town Realtor
610-999-7693 Direct Line
610-489-7355 Main Office