If one of your New Year's resolutions is to get into home ownership in Carlsbad, it's a good time to move that to the top of your list!
Property inventory will be rising, as it always does after The First, and while many buyers put their looking on hold during the holidays, sellers are anxious to see some traffic.
After the big run-up in prices a few years back, many buyers were shutout of the market. The recent downtown has brought prices back into the affordable range for many of the 'fence sitters', and one by one, buyers have been jumping back to earth, taking advantage of the still historically low interest rates.
For buyers waiting to see prices drop even further, keep in mind you could actually lose buying power if interest rates go back up. Even a little! The same payment that buys a $400,000 loan today, buys over $20,000 less, with just a ½ percent rise in the interest rate.
Unless you are convinced your target neighborhood is in for a further drop of over $20,000, you may not want to keep 'rolling the dice', waiting for 'The Bottom'.
For renters, have you factored in the money you've been losing by not having a tax deduction? Sure, it still costs more to get into the market, compared to just 6 or 7 years ago, but a bigger tax break goes along with the price tag.
Why not call, and we can crunch some numbers. Home ownership in Carlsbad may be more affordable than you think!
ZIP Codes: 92008, 92009, 92010, 92011 Location Characteristics: Beautiful Public Beaches, Downtown Shops and Bistros, Excellent Schools and Climate!
About Al & Morgan Janis:
As a television reporter for 20 years, Al's ability to ask questions, while also listening, are skills that have carried over to 20 years of helping people in the North County buy and sell real estate.
The additional skills learned during 7 years of 'conflict resolution' as the President of an HOA Board of Directors, go a long way towards giving you a smooth escrow.
Experience arranging financing during hundreds of transactions, gives you a real estate professional who helps buyers avoid the 'landmines' on the way to an on-time closing.
This financial background also helps ensure sellers go to escrow with the right buyer!
And for customer service, you will simply LOVE dealing with Morgan, who for years helped travelers navigate the 'friendly skies' of United Airlines.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
