Why This Is A Good Time To Transition

SPRING 2008

A lot of statistics have been thrown around in the news media over the past year. Many of these statistics make for dramatic news stories, but they aren't always used to show the whole picture. Statistics can be used to make any point someone wants to make. If defaults and foreclosures in a particular area go from one percent of the population to two percent, a headline could honestly say "Area Sees 100% Increase In Defaults & Foreclosures." There are some positive indicators for the coming year in real estate, but they don't always look as good when compared to the skyrocketing prices of a few years ago. Sellers need to base their profit on what they paid for the house, not on what they could have gotten in the over inflated market of two or three years ago. If you're selling for a lot more than what you paid, YOU MADE A PROFIT!

Sellers also need to consider that they will be buying a new home at the same time. If home prices are not skyrocketing like they were a few years ago, that means they will get a better deal on their new home. There is a great selection of houses out there to choose from right now, so they won't have to settle on a house that isn't quite what they want. Also, interest rates are extremely low. Taking advantage of the current rates can save a buyer tens of thousands of dollars over the life of the loan.