We are just about halfway through 2009 and it appears we have turned a corner. The last four months have manifested a change in the behavior of buyers towards Real Estate. No longer are they nervous, afraid, apprehensive or unwilling. It seems that people are willing to buy again!
I am not sure what the main reason is for this change in thinking. It could be the $8,000 tax credit for 1st time buyers, the historically low interest rates, the willingness for banks to lend money again, the terrifically low prices that homes are selling for now or maybe just a general consensus that the “worst Is over” and I still have a job.
I am very happy to say that this is great news for both buyers and sellers in today’s market. If you are looking to sell you can now feel comfortable that if your house is listed properly you will have activity. If you are looking to buy this greater activity has given homeowners more confidence to place their home on the market and this gives you more choice of quality homes to choose from.
I have endured a constant question for the last 18 months and I can finally say I think I can answer it. The question asked of me is, “Have we hit bottom yet”.
My answer has always been, “We won’t know it’s the bottom until we have risen from it.”
Things appear to be getting better. Don’t let this opportunity get away. If you are thinking of buying a home call your Coccia Real Estate professional today and let them educate you on all the advantages you have purchasing in today’s market.
Chris Cocccia, e-PRO
Coccia Real Estate Group
434 Ridgedale Avenue
East Hanover, N.J. 07936