Wilson County Housing Blog! Real Estate News For Floresville, La Vernia and South San Antonio: Are You A Pessimist? Do You Fail To See Opportunity When It Comes Knocking?

Are You A Pessimist? Do You Fail To See Opportunity When It Comes Knocking? Stop making excuses and start looking for opportunity.

"The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty." Winston Churchill.

Current market conditions make now one of the best time in recent history to take advantage of the buyer's market and purchase a home. Whether you are a first-time home buyer, buying your next home, purchasing a second or vacation home, or buying investment property, current market conditions work to your favor. As a buyer you have a slight advantage when negotiation price with current housing inventory levels.

 If you are a First-Time Home Buyer, you have the additional incentive of the soon to expire up to $8000 Tax Credit. This $8000 Tax Credit requires that your home loan must close and fund before December 1, 2009.

If you are trading-up your home it is also a great time to do so. In most cases you will more than make-up any loss in price in the selling your home when purchasing the larger/upgraded home. Let me explain; Let's say that in 2006 you thought about listing your home and had your REALTOR© prepare a Competitive Fair Market Analysis. This analysis showed your home to have a Fair Market Value of around $160,000. In current market conditions your homes Fair Market Value is around$140,000. This may make you hesitant to list your home because you are only looking at the smaller picture. You are only seeing a loss of $20,000. Let me show you the bigger picture; you want to upgrade to a home that under current market conditions is in the $250,000 price range. If we can assume based on the difference in your property the same percentage of loss in value on the upgraded home, then you actually come out ahead trading-up in a down market.

Let Me Show You.

Your home decreased in value 12% since 2006 this is a decrease of 4% per year until now, not unrealistic numbers. Using this 12% you can assume the upgraded home would have sold for somewhere around $280,000, a $30,000 decrease from 2006. This means that you are coming out $10,000 ahead trading-up in a down market.

If you are looking to buy a home, or sell your existing home and trade-up, there may not be a better time. Do not let today's opportunities pass you by. Give me a call!

Cindy Cranston is a REALTOR© living and doing business in the South San Antonio, Floresville and La Vernia, Texas market. She represents both homeowners and home buyers in these areas.  

MY PROMISE TO YOU:

Unlike the traditional agent, I am a professional REALTOR.

I adhere to the REALTOR code of ethics set forth by the National Association of REALTORS©.

I put my client's best interest above my own at all times.

I act with honesty and integrity with clients, customers and other professionals I come in contact with in the day to day operations of my business.

I understand that each property and client is unique and work with my buyers and sellers to realize their true desires and goals.

I understand and utilize the latest technologies to ensure the properties I market get the best exposure.

I meet with my sellers to customize a marketing strategy that fits their needs.

I communicate openly with my client's, I am always open to constructive suggestions.

If you are tired of the traditional agent who is unable to articulate what makes them different from the other 7000+ agents in your area, and are ready to work with a professional, give me a call.