Are you a Bedford NH fence sitting real estate buyer?
Are You a Fence Sitting NH Real Estate Buyer? Don't Wait to buy that Bedford NH home
I read a blog by a Florida agent that got right to the point and said, "If you were waiting for the bottom, you missed it. The homes under $200k are gone, but there are still lots of opportunities in the $200-$400k market"
In this month's Realtor magazine there are reports from agents in Wisconsin, North Carolina, George and California with comments:
"Sales are increasing and have been for the past nine months"
"The market is slightly better"
"The market is staying stable with a little growth"
"More closings in the last six months than all of 2008 and 2009"
I always point out that real estate is local, by town and by price range
and even by neighborhood. So what's happening in California is not what is happening in New Hampshire. Homes in Bedford's Greenfield Farms and Cote D'Or might have different rates of aprpeciation. But the point I make is we
are seeing a trend. You will never know where the bottom is until you
have passed it and numbers are computed.
Now is a great time to buy that house...WHY? Because it won't be there if you wait.
Think about waiting to purchase your new widget until after Christmas so
you can get it on sale. You go to the store after Christmas and what
do you see? The widgets are "picked over", there is little to choose
from and the cast always are what remain.
I can't say when that will happen in real estate, but the signs are lining up.
And if you are a "fence sitter" you are not alone. Buyers seem to want
to wait until the perfect house comes on the market, even after finding
one that they really like.
The turnaround WILL come, some say the turnaround is in the works, the
question is, will that dream home be there while interest rates are
still historically low?
Don't be one of the buyers that says in 2012, "I wish I had purchased in
2011 when there was so much to choose from and interest rates were in
the 5's"
