1. Interest rates are still incredibly low! Back in the 1980’s to the early 1990’s it was not uncommon to get a 10% interest rate!! That’s right… 10%! And that was for people with good credit. 12% was not unheard of back then. We are talking half that percentage rate now. 5-6% doesn’t seem all that bad when you compare it to our history.
2. Real Estate is always a good investment… Now let me clarify that. It’s a good investment if you don’t overpay and you can weather through the ups and downs of the real estate market which always come, but always recover from. If you’re looking to make a quick buck, now’s not the best time, but while it’s a buyer’s market you can find great deals… but you’ll have to wait it out to make your money. So buy now, while prices are good.
3. Builders are more willing to negotiate. A year or two ago builder’s were selling things here in Utah like hotcakes! They were raising prices left and right and getting their asking price. Now, that is not the case. Builder’s have lots of standing inventory and are dropping their prices or accepting contracts significantly below asking price. With new construction hitting a 17 year low, now is an exceptional time to nab the brand new home of your dreams!
4. Equity potential is huge! Prices have drastically fallen as I have stated. History also tells us that the market will recover and prices will again climb. Real estate is always a safe LONG-TERM investment. Buying while prices are low and the selection is high will insure you get a home you love, and will have incredible financial gains in the future.
5. Lots of short sales/Pre-foreclosures=Lots of motivated sellers. With loads of people trying to avoid foreclosure there are lots of people and banks trying to avoid this process. Which means they are feeling more generous on what they’ll sell for. Take advantage of this time.
Call me, NataLee Callahan with Prudential Utah Real Estate to discuss what you are looking for in a home at 801-916-2000 or email me at mailto:otmwithnatalee@gmail.com.%3C/strong%3E%3C/div
2. Real Estate is always a good investment… Now let me clarify that. It’s a good investment if you don’t overpay and you can weather through the ups and downs of the real estate market which always come, but always recover from. If you’re looking to make a quick buck, now’s not the best time, but while it’s a buyer’s market you can find great deals… but you’ll have to wait it out to make your money. So buy now, while prices are good.
3. Builders are more willing to negotiate. A year or two ago builder’s were selling things here in Utah like hotcakes! They were raising prices left and right and getting their asking price. Now, that is not the case. Builder’s have lots of standing inventory and are dropping their prices or accepting contracts significantly below asking price. With new construction hitting a 17 year low, now is an exceptional time to nab the brand new home of your dreams!
4. Equity potential is huge! Prices have drastically fallen as I have stated. History also tells us that the market will recover and prices will again climb. Real estate is always a safe LONG-TERM investment. Buying while prices are low and the selection is high will insure you get a home you love, and will have incredible financial gains in the future.
5. Lots of short sales/Pre-foreclosures=Lots of motivated sellers. With loads of people trying to avoid foreclosure there are lots of people and banks trying to avoid this process. Which means they are feeling more generous on what they’ll sell for. Take advantage of this time.
Call me, NataLee Callahan with Prudential Utah Real Estate to discuss what you are looking for in a home at 801-916-2000 or email me at mailto:otmwithnatalee@gmail.com.%3C/strong%3E%3C/div
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