Thinking you still can't afford to buy and/or sell in 2012?

Let's discover some facts that should give you more confidence.

Interest rates, interest rates, interest rates are at the lowest point in history and will remain so until the economy is fully on the mend.  Since the market is local, our area is recovering faster than the national average, and of course that indicates an upward swing can't be far behind for other areas. Interest rates dictate how much it will cost you to borrow the principal for your loan repaid over 20, 25, or 30 years of payments.  Even a half percent lower rate can translate into thousands of dollars into your pocket in savings. As interest rates rise so do property prices, why not get a deal in 2012 that may not be available in the future while you are waiting for complete economic recovery.

All predictions indicate that rental rates will rise in 2012 due to the increased number of families losing their homes to foreclosure. The inventory of homes is at its climax giving you the choice of a lifetime. 

Low interest rates, low selling prices, and high inventory all indicate that buying your first home, moving up, or investing is to your benefit in 2012!

You deserve an opportunity to find out if the time for is right for you to buy or sell.  Give me a call and I will work with you to answer your questions or find the person who can answer specific loan or tax questions to help with a correct decision for you.  2012 should be your year to get a place to call your own, don't miss it!

Should I Sell in 2011?

The simple answer to that question is also a question “Why not?”

Let’s say that you are relocating for the purpose of new employment, family size increase or decrease or whatever fits your plan.

Two important facts to remember are the condition of the market and the condition of your property.

1. The condition of the market..

Right now inventory is high, therefore buyers are in the driver’s seat and can make informed choices. This means that your property will be compared to many others and should be able to stand out both because of its condition and price. Pricing your house correctly from the beginning will save you a great deal of time and aggravation.

When a house is priced incorrectly it will not sell. After several price reductions, prospective buyers can get the idea that it may be defective in some way. More often than not it is not a good idea to ‘try’ a higher price. Choose a reputable realtor who knows the market in your area and can help you find current comparables and sold properties that will help you make an informed decision.

In today’s market, buyers need to know that they are buying a problem free property. Consider paying for a property inspection which will be allow you to make any repairs that will ease the buyers mind and make your house stand out as more saleable.

Be sure to have all current energy bills, trash, water, sewer and tax costs available.

Finally, remember that the first impression counts so have your home ready for showings at any time and be flexible to unusual requests.

2. Condition of your property.

Declutter, decluttter, declutter. This includes refrigerator, cabinets, garage, and basement as well as most obvious visible shelves and closets. If you must, rent a space for your excess possessions- it will be pay off in the end. Decluttered spaces appear much larger.

Painting walls and woodwork in neutral colors adds to the desirability factor as well as giving the impression of spaciousness.

Staging can help prospects envision themselves in the property. Consider using the talents of your realtor in advising you on the best strategy for furniture placement. This will allow a great traffic flow for showings.

Make minor improvements that may have been on the list for some time. A house in very good repair makes the competition pale in comparison and will give you a better chance at a quick sale for a better price

You can successfully sell in 2011. Get your house on the market in late January or early February and catch the early in the new lookers who plan to be their new home by spring.