Buyer’s listen up – have you noticed all the negative print and media ads about how tough the real estate market is? Don’t you find it unusual that when the prices of Central Oregon Homes were skyrocketing, homes for sale were getting multiple offers and so on everyone thought real estate was booming?
They have you scared; they have you thinking this is the wrong time to buy. What is so wrong with buying today versus buying a year or two ago? A year ago interest rates were low but prices were high and inventory of homes to buy was lower than it is now. Many of you had to offer higher than list price to even have a chance at an accepted offer.
Today, there are homes on the market ripe for the buying. Many sellers are offering to pay part or all of your closing costs. Mortgage rates are still low and there is still 100% financing available. Many homes are priced lower than you can build a home for.
Real Estate has always had peaks and valleys; Central Oregon Real Estate is no exception. Are we at rock bottom, will the prices continue to fall? I can not tell you – but are they going to go up? That I can tell you, yes PRICES WILL GO UP, the question is when?
Buyer’s this truly is the BEST BUYER’S MARKET IN 20 YEARS! Some of you are sitting back arguing this point with me… but think about this as a BUYER – interest rates are low, there are many loan options, inventory is high and sellers are motivated.