I’m not just saying that it is a good time to buy because real estate is my business. Looking at statistics (which I do every day), there really is a huge home buying opportunity in Sylmar and other San Fernando Valley communities based on three important factors.
– Large inventory of homes available in all shapes, sizes, and neighborhoods
– Low prices on the homes available (perhaps the best we’ll ever see)
– Low interest rates estimated 5%-8% compared to 1978 (9.75%), 1980 (18-21%), early 1990s (11-12%)
First Time Homebuyers —
Don’t miss this amazing window of opportunity to buy a fabulous San Fernando Valley home at prices we may never see again. I can help you find that first home, or move-up home, now. There is a fabulous incentive available for first time home buyers allowing up to $7,500 tax credit. Check out this summary of the Housing Stimulus Bill on the National Association of Realtors website.
As much as it pains me to say this, Sylmar homeowners who are thinking about selling but don’t really NEED to sell now, be patient and hold off. Real estate values will improve over time and you will see increased equity once again. I can help you sell when that time comes.
Remember to Vote on Tuesday!