New listing in Fairway Mews, Spring Lake Heights!

Oct
29

If Only I Could Turn the Clock Back!

Turn back timeI can’t tell you how many times my clients have said, “If only I could turn the clock back”. Would’ve, Should’ve, Could’ve. How many times would you have pulled the trigger on a real estate transaction, but allowed the moment to pass? And, now you are kicking yourself.

Don’t let this be one of those moments.

There’s been a fear that the Fed will raise interest rates. Well, guess what? Eventually, they will. So, are you going to sit on the sidelines and wait for that to happen? Or, are you going to seize the moment and indulge in the extremely low rates?

Home prices appear to be rising. S&P/Case-Shiller data revealed in September a 5% increase in July prices for its 20-city index. So, do you want to wait for prices to rise to a level you can’t afford? Or, do you want to buy now while prices are still on the rise and the interest rates remain low?

NOW is the time to invest in real estate. Homebuilder confidence is high, sales prices are rising, and mortgage rates remain steady at an all-time low.

So, while I will remind you to turn your clocks back one hour on Sunday morning, I will also remind you that, when it comes to making good decisions about purchasing real estate, once the opportunity is lost, you don’t get to turn the clock back.