Sunday, August 10, 2008

Is it time to buy....?


It is another beautiful day here in Long Beach, as I sit here to prepare for another day of work my mind is wandering about the market.
Everywhere you go people are talking about Real Estate. Everyone has an opinion as to when and where the bottom of the market will happen. I am asked all the time. The truth is none of us know. In fact when you buy a home you sign a form saying we do not know.

In the past twenty odd years of working within the business I have bought and sold many homes, some at peak of the market and some at the bottom. What really matters is... do you like this home? How long do you want to live here? Can you afford it? Long-term buyers can ride the market up and down... If you see a home you like... Buy it. If you wait it will not be there...

Over the past few weeks we are seeing more and more homes becoming finalized sales. If the home is priced right they are selling. Many of the REO (Bank owned properties) may be cheap, but can you afford twenty plus thousand dollars to fix them up? Most people cannot.

The important thing to remember is you are buying a home for you and your loved ones to live under... that you can paint, and change whenever you want. It is not a cash machine... refinancing is not always a good thing. It is your home...

Buying can be scary and fun... let an experienced agent help you in this purchase to ensure you are doing the right thing.

Now go out and enjoy yourself. Take care, Jeff

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