Real Estate Market - Really, Truly, How Bad is it?
This is the first feature in our long line of questions every Sacramento home buyer is probably going to ask at some point in their home buying experience. So let’s just dive right into it - hey, maybe we need a new category for this.
But for now, let’s consider how bad the Sacramento real estate market really is. Really.
Now I know we’re all reading how bad it is, and how many people have those Options ARMs and other bad loans that will adjust upward, how many people got into homes they cannot afford and so on. As a home buyer, you need to realize that this while other people’s misery shouldn’t make you gleeful, what that unfortunate cause had effected in terms of prices should.
Prices have not been this low in a long time and historically interest rates are at their lower ends. So what’s stopping you? Maybe fear. Buying a home is a little bit like accepting you’re an adult. Maybe it’s a little bit like having a baby. But if you’re ready for it, now is the perfect time. There’s a lot to choose from, interest rates are great and prices are fantastic with sellers willing to negotiate. Bank-owned homes are already priced at rock bottom prices.
Go ahead. Pick one up. If you’ve done the math, jump in. The water’s just fine.
