Real estate market update, real estate sales, statistics & insight If you’re a buyer who can afford to buy, and would like to take advantage of the unprecedented, low, long-term mortgage rates and the remarkable asking prices of homes on the market, the answer is yes. However, there are a few things to keep in mind before you go for it:
1) Maintain a long-term vision for your investment. Of course, there are no guarantees about what the short-term future holds for real estate in our area. However, time has proven that real estate is one of the best long-term investments available, so stay focused on the long-term potential of the value of your real estate, as there are likely to be some short-term fluctuations.
2) Invest in your next home as if your household had only half of its current income. For example, if your household currently has income from more than one member, qualify for a mortgage based upon only one of these incomes. That way you are still in a comfortable position if one of those contributing incomes is no longer available.
3) Be sure to have cash reserves. Life sometimes presents us with a bumpy road and it’s essential to have a buffer big enough to ride out the bumps. If you’d like to prepare by filling out a worksheet itemizing income and expenses on a monthly/annual basis, we can provide you with one.
With all these things in place, the current market is a proverbial candy store for the prepared buyer. There are lots of choices among available properties and many (but not all) available properties have sellers with a high level of motivation.  Enjoy!