RealtyCaffeine

Great Opportunities Disguised as Impossible Situations

By Jerry Robertson February 1, 2010 News Worthy

“We are all faced with a series of great opportunities brilliantly disguised as impossible situations.”
– Charles R. Swindoll

A lot of negative coverage has been devoted to today’s housing market. However, there are many reasons why the current real estate market may be beneficial to you.

For example, the large selection of homes and low sales prices make it a great buyer’s market.

In addition, interest rates on home loans are historically low, making now a great time to lock in a long-term mortgage rate.

Ultimately, though, these favorable conditions will go away. As inflation rises, so do interest rates. I have included this Item of Value so you can take advantage of current market conditions.

If you are looking to become a homeowner, you need to strike while the iron is hot! You know me. I am not one to be pushy and I know this sounds pushy but the current market situation cannot last. The Feds have said they will STOP buying mortgage backed securities soon which WILL allow mortgage rates to increase. Inventory IS falling and while there are some new foreclosures coming out they are getting fewer and the condition is such that many of them cannot get FHA financing so they sit. Very little new inventory is being build and some areas are seeing a shortage of good houses to buy.

If you are looking to sell that can be good news for you if you are in some of those shortage areas. Housing prices have fallen but they are on the way back up. I can show  you data that says the bottom was about 6 months ago and we are coming up. With all the incentives the government is handing out and the changing market, this is also the best time to sell. After April I believe activity will drop when the 1st time buyer and repeat buyer tax credit expire. The Fannie Mae deal in the previous post will also end about that time and while we will hopefully see a healthier market by then I think a lot of the real deals will be done and it will be a balanced market with higher interest rates.

Please don’t miss this opportunity. It is perhaps the best we have seen EVER and it won’t last. Call me if you have any questions or if you know someone I can help with THEIR great opportunity. I am never too busy for your referrals!!

Thanks for listening,
Jerry Robertson
678-231-1578 Cell