Hello Blog Readers! I am a New Blogger on the Sarasota Home Buyers Guide Blog and I am so excited to get started! I'm hoping to bring great information to you all about what's happening in the Real Estate world, in Sarasota, Florida and, frankly, our every day Real Estate life.
For example, the past couple of months have been interesting to say the least! Information from various sources send a real mixed signal about the state of the real estate market both locally and nationally. While sales across the country are generally up over comparisons to last year, we are all aware that average sale prices are down. Great news for first time homebuyers is that prices are down AND the Federal Government has been offering them an $8000 tax credit towards the purchase of a new home. However, interest rates have crept up making it tough to afford the monthly payment.
See what I mean?
So what do you need to know as a homebuyer? First, everything is relative. You can't sell a house for more than everyone else is selling for and expect to get a house for less than anyone is willing to take. Would be nice but not realistic! Second, you think you should wait to buy a home because prices might fall but frankly, unless we're planning on PAYING you to buy one, what's another 10-20%? You want a house and think prices will fall - make an offer less that percentage and you've gotten ahead of the curve! What happens if they don't go down? You've lost and this is a toughie, And third - let's be sure we never get to this place again and buy a home you can afford now, and want to invest in. Be smart.
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