It's a good time to buy (Or sell) Real Estate. | Bay Area Real Estate ...

I never expected to type that phrase with a straight face, and I am smiling. It is a good time to sell, inventories are low and so are interest rates.? Price it right and pretty much anything will sell. If you want top dollar (For what you have) be one of those odd ducks that actually does those things that helps bring top dollar. Ask any agent, it?s standard stuff.

Is it a good time to buy? That requires a much more nuanced answer. Real Estate Markets are local again. Different property types, different price tiers and different micromarkets? are DIFFERENT. And the most important part of that equation is the individual circumstances of each potential buyer.

If you have saved a down payment to purchase a home and decide to wait, fine. Maybe you found a safe place to park your cash. If so, you are almost certainly getting a negative real rate of return. If you put your money somewhere chasing yield, you are probably taking a good deal of risk with your capital.

If you have saved a down payment and decide to buy? a home now (And buy reasonably well) you will have taken advantage of very low rates and will likely be fine over a ten year period. A home is shelter, it can be a way of preserving (At least some) capital if purchased at a reasonable price and it can be a hedge against inflation. It?s shelter at a reasonably predictable price.

It?s a home, that?s all it is, and it is enough.

About Tom Stone

I am a Broker Associate and Notary public with Creative Property services (CPS) in Sebastopol Ca. My father was an Appraiser and expert witness based in Oakland Ca for many years and I grew up having the basics drilled into me. I enjoy what I do and I am good at it. I managed income property in Oakland for a number of years and was licensed to run a collection agency for more than a decade. I have also worked as a credit manager and as the senior collector at the test center of a Bank . I have been commenting for years at "Calculated Risk" and on other Real estate Blogs including the defunct "Sonoma Housing Bubble" Blog. The best job title I ever had was "Chief Garbler". My Email Address is "StoneForHomes@Gmail.com" and my cell # is (707) 364-2477, please don't call before 7 AM or after 8 PM unless we have a deal in progress.

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Source: http://bayarearealestatetrends.com/2012/11/06/its-a-good-time-to-buy-or-sell-real-estate/

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