In Lahaina right before Warren and Annabelle's (a comedy and magic show...a must see in Maui!)
Waterfall on the Road to Hana...
The island of Maui behind us.
Sunrise at Haleakala Crater.
You can see the Road to Hana on the hills behind us.
An amazing sunset from the beach.
So when do you buy stocks? Simple question right...best answer, when there at the lowest point and just before they go up. That's how you make money in the stock market. Well, how do you get a good deal on a home? Answer: Buy when the markets are down, but signs point to an upward rise.
Before I go into this, I want to shed some light on what makes a home go up in value. Sure land value goes up but the desire for homes is the true appreciation. What do I mean? Well the more buyers that are on the market buying homes the more you can list your home for and the greater price you can get, which in turn fuels the market and creates appreciation.
So now that you understand that, I want to point out an article that just hit the Seattle Times yesterday. The title was "King County home prices slide again, but more people are buying". What does that tell you...well it tells me that we may have hit the bottom. Pending sales means one clear thing...more buyers! This is great news for the market.
In September, sellers accepted buyers' offers on 1,767 houses, up nearly 15 percent from September 2007.
October 7, 2008 By Eric Pryne, Seattle Times business reporter
All the real estate agents I have worked with say that it is getting harder and harder to get sellers to negotiate on purchase prices because of multiple offers on homes. As soon as the market begins to swing with more buyers...watch out. It is going to get competitive out there. So strike now while the irons hot. Find out what your financing or rent-to-own options look like and get into a home now at the low point in the market!
With all the changes to this bailout plan (we spoke last week on how this will affect our economy and financing options) what will your financing options look like? Right now they have definitely tightened up guidelines but you know what the secret is...you still have the ability (more than ever) to get into a home and into financing.
I would bet that most of you have completely written off your chances of getting into financing, especially with all the lenders tightening up. To some extent that's true, many lenders have over regulated and some are completely gone, but others have become even more competitive! Namely the Federal Housing Administration and the Dept. of Veterans Affairs (aka, FHA and VA), these lenders have loosened up there guidelines to help homeowners. What!?! CNN didn't say that!
These loan options are now available for borrowers with low credit scores and past blemishes. That may be you...but how would you know without calling and finding out. Do you want to get into a home? Yes / No (circle one). If you do, then what have you done to take that next step. What are you waiting for...lower prices on homes...sellers are motivated! Lower interest rates...lowest they have been in the past 5 years!
Don't let the media deter you away from looking at your options. We help all forms of clients, through conventional financing, FHA, VA and if none of those will get you into a home, Lease Options can. I rarely find a client that we are unable to help!
So if that's you and you want to experience homeownership, give me a call and we can look into your options. You may be surprised what you can get.
