February 2014 Real Estate
In this newsletter:
Do you know what’s happening in 2014 and how it affects you?
The inventory of homes keeps climbing month over month. The more homes that get put on the market the less demand there is for your specific home if you are thinking about selling your home. What you need to know is the value of your home currently has in today’s market and that will help aide you in your decision to sell, not sell or rent out your home so you can purchase another one.
If you’re thinking about purchasing a home you need to be very aware of what is going on with interest rates. Interest rates are still very low and home mortgages are very affordable. That may not be the case six months from now. Interest rates are projected to go up.
We saw a slow up in the market ever since August of 2013. Now we’re noticing that there is more activity on our listings and more buyers that are coming to the marketplace.
So what does this all mean to you? It means that you need to make sure that you get the proper information now so you can make the best decisions for the future. In previous newsletters you have heard me explain how trying to project or predict too far in advance can end up costing you more in the long run. Make your decisions based off of what is going on today in today’s market.
If there is anything that we can do for you or any information that you’re looking for please contact us as soon as possible.