Tuesday, November 30, 2010

Approaching Year end 2010

We were all hopeful in the middle of the year that sales would pick up and things would improve.

As it happened the frightful political and economic times have sent all but the most nerveless into real estate hiding.

I suppose there is a fine line between 'persistent optimism' and 'obsession' but where the line is I don't know - hopefully I haven't strayed over it yet!! I am optimistic that the market will come back but I cannot say quite when.
I am sure that it has to do with the unceratinty of how much tax we will be asked to pay in the New Year and how much of an increase we will see in our Health insurance bills.

What I do know from experience is that in the next 5 years home prices will go higher and that now is a great time for lower income people to acquire a home at excellent rates.
For investors also the opportunities are amazing right now - how long that will last is probably also tied to the popular feelings about taxes etc.

There is a lot of pent-up demand - we know that because we have not stopped showing property and talking to people. When these people decide it's time to put pen to paper, if you are selling, now is the time be be sure that you are asking a realistic price because the prices of 2 years ago just will not wash today.

Keep well and get realistic; now is the best 'buyers market' we are ever again likely to see.
All the best