So much for winter this year. The weather and the real estate market are already “springing” forward. In real estate there is exceptional excitement because people are getting active earlier than usual, and conditions are excellent for buyers, sellers and investors. Here are some of the reasons for our enthusiasm.

Buyers can expect to find interest rates continuing to be excellent but they will not continue that way forever. Prices are good, but rising and will continue to do so as demand increases. Lenders are more comfortable in extending credit. If you couldn’t get the loan you wanted before you might want to check again. New regulations have helped protect the interests of the consumer and put into place safeguards. The only downside for buyers, at least in this area, is that the inventory of available properties is low so buyers have to be in position to act decisively to get what they want. If you are looking to Buy now is the time you need to reassess your assets and make sure you can do what you want to do.

For sellers, as mentioned above, inventory is low. A properly prepared and priced property should move quickly. The trick to being successful is to do proper “homework”. This requires input from sound professionals. Markets and conditions are very localized and only a competent local Realtor can get you current accurate information as things are changing rapidly. Also, there is a tendency to think all renovations are a good idea. Considering that most projects have a return on investment below 100%, sometimes it is best to let others do them. Some DIY projects can actually reduce the sale price if not done correctly.

Investors, well they follow the markets at a deeper level than most of us. They know when the upswing is coming and are going to get involved as soon as possible. Take a look around and see what is happening with new building in your community, residential commercial and even non-real estate projects (i.e. infrastructure). The savvy observers have already seen the good signs and are acting – now.

The only lingering doubts are in the area of how the political arena impacts our lives. Once the politicians knock off the posturing and really get to work at doing their jobs any insecurities will disappear. In is inappropriate for Realtors to discuss this topic any further other than to see how it can impact the markets.
As always, consult your favorite local Realtor for current, accurate advice. That is what we are here for and professionally trained to do.

So much for winter this year. The weather and the real estate market are already “springing” forward. In real estate there is exceptional excitement because people are getting active earlier than usual, and conditions are excellent for buyers, sellers and investors. Here are some of the reasons for our enthusiasm.

Buyers can expect to find interest rates continuing to be excellent but they will not continue that way forever. Prices are good, but rising and will continue to do so as demand increases. Lenders are more comfortable in extending credit. If you couldn’t get the loan you wanted before you might want to check again. New regulations have helped protect the interests of the consumer and put into place safeguards. The only downside for buyers, at least in this area, is that the inventory of available properties is low so buyers have to be in position to act decisively to get what they want. If you are looking to buy now is the time you need to reassess your assets and make sure you can do what you want to do.

For sellers, as mentioned above, inventory is low. A properly prepared and priced property should move quickly. The trick to being successful is to do proper “homework”. This requires input from sound professionals. Markets and conditions are very localized and only a competent local REALTOR can get you current accurate information as things are changing rapidly. Also, there is a tendency to think all renovations are a good idea. Considering that most projects have a return on investment below 100%, sometimes it is best to let others do them. Some DIY projects can actually reduce the sale price if not done correctly.

Investors, well they follow the markets at a deeper level than most of us. They know when the upswing is coming and are going to get involved as soon as possible. Take a look around and see what is happening with new building in your community, residential commercial and even non-real estate projects (i.e. infrastructure). The savvy observers have already seen the good signs and are acting – now.

The only lingering doubts are in the area of how the political arena impacts our lives. Once the politicians knock off the posturing and really get to work at doing their jobs any insecurities will disappear. It would be inappropriate for REALTORS to discuss this topic any further other than to mention how it might impact the markets.  As always, consult your favorite local REALTOR for current, accurate advice. That is what we are here for and professionally trained to do.