Posted by Carmen Isais
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Interest Rates are still near historically 40 year lows. Despite interest rate slowly creeping upwards over the last year, historically, buyers with good to fair credit are still enjoying interest rates in the single digits. -
Buy before the credit market tightens further.
Now, while the rates are still good, lenders are tightening up on the purse strings. Stricter qualifying criteria means the loan product that you can qualify for today may not be available tomorrow. -
Builders offer some of their best prices and incentives at year end. Builders need to reduce their year end inventory to avoid carrying them on their books into the new year. While there are few new Real Estate Developments in Davis, CA ones such as Parque Santiago are offering incentives including a $10,000 credit buyers can use towards just about anything from price reduction to closing costs.
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Home owners selling during the winter months are motivated sellers.
Because there is a general slow down in the market during the holidays, sellers are more willing to negotiate. Moreover, home prices are generally lower in the winter when there is less of a demand on inventory. -
Buying a home is still a good investment.
Your grandparents, your financial consultant and Susan Orman are right. Real Estate is still one of the best investments you can make. In this buyers market, it’s one of the soundest times to make a move, too. Do you think the market will still be taking a dip? Don’t let that stop you. If you predict the Davis Real Estate market will depreciate another 3 to 5 percent, then write that into your offer… but make that offer and start on the smart road to home ownership and real estate investment.
