Now Is a Great Time to Be in the California Real Estate Market

Northern California Real Estate Podcast with Cory Meyer

Right now is a very exciting time to be in the real estate market. In fact, we are on pace to get the highest number of sales since 2007 in the U.S. Usually, the market is either a buyer’s market or seller’s market. However, low interest rates and low inventory have created a perfect storm. Whether you are buying a home or selling a home, now is a great time to be in real estate. To learn more, watch this short video!

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Right now is a very exciting time to be in the real estate market. In fact, we are on pace to get the highest number of sales since 2007 in the U.S.
For buyers, now is a great time to be in the market because interest rates are so low. As a buyer, you really want to make a smart decision, as prices will continue to go up. If you can find the right home, get the right interest rate, and figure out the right mortgage payment, now is a very smart time to buy because interest rates are once again near historic lows.
Usually if the market is good for buyers, it’s bad for sellers. However, the market is actually in a perfect storm. Inventory is very low and demand is very high. Since so many people are entering the market to take advantage of low interest rates, home prices are going up, making now a great time to sell. In other words, being in the real estate market is a win-win situation for buyers and sellers!
If you have not yet purchased a home, there are a few steps you can take to begin the process. We recommend meeting with a qualified mortgage professional to figure out your ability to purchase. Most people make the mistake of thinking that they will get pre-qualified after they find a home; don’t do that. Get pre-qualified now.

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Whether you’re buying or selling a home, now is a great time to be in the market!

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Even if you are not buying a home for another year, getting pre-qualified alerts you to any credit issues you may need to resolve. That way, you can put yourself in the perfect position to buy at the best possible rate and with the best possible loan product. We can set you up to get pre-qualified before you start looking at homes.
Recently, we helped a homeowner who was trying to sell his property ‘For Sale By Owner’ for a long time. We went in for an interview and showed him our marketing plan. We listed the home for more money that he did in order to cover commission and closing costs. We wound up netting more money for the seller than he would have gotten on his own, and we sold his home in five days!
If you have any questions about our current market or how we can help you meet your real estate goals, give us a call or send us an email. We would be happy to help you!