Buy a Home in California Now or Pay More Later

As I have talked to some of you over the past few months a frequent theme has been your fear to enter the market as a buyer because prices may drop again. While no one can ever predict the market with precision, it looks like we may be nearing the “trough” of the home price decline in California. What does that mean for you? It means home prices are as low as they will ever get. It is time to buy low now and sell high later. Of course, you don’t have to sell as long as you are enjoying your mammoth equity, right?  Many of us here in the profession feel  this is the time.

Give me a call so we can take full advantage of foreclosure pricing, and builder liquidation pricing while we still have low interest rates. This is a golden time for a buyer and it may not soon come again. All opportunities change and some just end. Ask yourself if you want to be left on the sidelines or if you want to participate in the most favorable buyers market I have seen in my 30 plus years in Real Estate.

According to an article in the Wall Street Journal Friday, May 29, 2009 California’s median price for existing homes rose 1.4% in April from March. This marks the second consecutive monthly increase in housing prices and prompted some industry officials to declare that the states long swoon in housing values could be at or near the bottom.

If you would like to review the entire article please e-mail me at GerryDavidRiley@yahoo.com I will send you over a guide to locating and reading the entire article.