If you’re a first time home buyer or someone who has been thinking “when am I ever going to be able to buy a home?” Well, the time is NOW!

There is currently a perfect storm of opportunity in the convergence of available inventory of the lowest priced properties in a decade (many bank owned) coupled with historically low interest rates. The proof is in the fact that many homes which once sold for more than $500,000 are now selling for $350,000 or less. This opportunity has stimulated multiple offers and some homes are actually selling for more than list price.

Even though there is still a great deal of fear in the market place, I believe the bottom has set in and smart money is moving back into the market to take advantage of the incredible values that can be realized. So if you’ve been on the sidelines waiting for a sign, this is it. Those who wait until next spring when they think things will be better may miss out because things probably will be better and that means today’s pricing and interest rates will no longer be available. Those who wait may find their buying power has actually been diminished instead of improved.

Questions, contact Raina at (707) 537-2319 or rduran@fhallen.com and check out our website at durangrouprealty.com.

Posted By: Raina Duran