I was speaking to my colleague the other day about the “perfect storm” that’s just hit the real estate market. But like all good things, this won’t last long.
It’s a great time to sell – with the economy on an upswing, more people are ready to buy. With interest rates so low on savings accounts like money markets and CDs, investors are throwing their hats (and wallets) into the real estate ring.What do I mean by this?
One property in Los Angeles I listed recently had 19 offers in 48 hours, many of them all cash!
It’s also a great time to buy – As I mentioned before, interest rates are at historic lows, which is great if you’re looking to take out a mortgage! These rates have been creeping upwards and are likely to continue. The same goes
for property values: Prices are still down, although they’re rising steadily.
What does this mean for you? Get in now, while the getting’ is good! Prices are down, rates are down, and the market is ripe with opportunity!
Take advantage of this perfect storm before it’s too late!