4 Ways to Maximize your Real Estate Investment NOW
In my 14 years as a Real Estate Agent here in the LC Valley, I have seen it all! I have had the pleasure of working in the fast paced market where prices escalated weekly, and I have also worked through flat market conditions where hearts ached over equity losses and lack of buyers.
In my opinion, today’s market does not fall in either extreme. We are in a stalled market which is loaded with positive potential.
We are actually in uncharted waters! Interest rates are at or near historic low s, under 6% on a 30 year mortgage. Home prices have declined to 2004 levels It is not a clear buyer or seller market. These 3 factors combined have placed us in a unique position which can benefit everyone.
What can YOU do to maximize your market position?
1. Budget for and complete home improvement projects! What is that project you have dreamed of for years? A second bath? A more functional kitchen? A shop? This may be the perfect time to make your dreams a reality, and ENJOY the fruits of your labor. Then, when the time comes to move, you have the best of both worlds!
2. Clean up your debt! There are now computer software products to help make the wisest financial decisions. These products range from helping pay down your current mortgage to simply paying off your consumer debt (cars, boat, credit cards.) By paying debts down now you are positioning yourself to afford more house later!
3. Do your HOME work. Investigate the newly reformulated 203K loan products designed to help you rehab a personal residence without moving!
4. If you DO have the bug to move….move on it! You may be surprised that you will come out ahead both as a seller and a buyer because of the unique convergence of events in the real estate market today! My team has done more business this year to date than any other past year.
Don’t believe the rumors that this is a dead market--- Now could be a great time for YOU to …..prepare to be moved!
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