There are three main factors that bring people to the market, and we're going to talk about them each today in detail. Here they are:
If someone is relocating to the area and wants to buy a home, that's an important motivator. It's also one of the few factors about a property that you can not change, or have any control over.
2. Market Conditions
When market conditions are tilted so that buyers have more inventory to choose from and sellers are desperate to sell, that's a huge motivating factor.Buyers have the upper hand in a buyer's market, and can get a lower price if conditions are right.People want to get ahead of market appreciation, and if they've been noticing that an area has consistently gone up in value, it will make them eager to pounce on an opportunity to buy there.
3. Financial Benefits
These include things like writing off your mortgage interest on your income taxes and being able to use your home as an investment.It's much smarter to be paying for something that you own, rather than paying rent on something you never will. Before you go out looking for that perfect home, however, we suggest you get a mortgage pre-approval. This way, you'll know exactly what you can afford.
Finally, it's important to analyze your motivating factors and the specifics of why you want to move. It's a good idea to make a must-have/ nice-to-have list, where you can write down things that you require in your new home, and things you would like, but could live without. It's an exercise that doesn't take long, but is well worth it. We recommend keeping the must-have list as short as possible to give yourself better flexibility in finding the perfect place.
If you have any questions for us, don't hesitate to reach out. Give us a call or send us an email, and we'll get right back to you.
For more Tips on Buying and Selling Real Estate, CLICK HERE to look at our Video Blog.
Author:Will Cook Phone: 760-774-3066 Dated: January 23rd 2016 Views: 426 About Will: Ranked in the top 1% of all agents valley wide, Will is an Associate Broker and Team Leader of the W...
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About WILL COOK GROUP|Keller Williams Luxury Homes|BRE# 01879277
Ranked in the top 1% of all agents valley wide, Will is an Associate Broker and Team Leader of the WILL COOK GROUP at Keller Williams Luxury Homes
A native of Baton Rouge, Louisiana, Will attended graduate school in Boston and worked as a Medical Software Project Director focused on managing client expectations through sophisticated software implementation projects for many years. Will’s experience managing large scale projects in the corporate world has suited his transition to real estate over 15 years ago. Will’s mission has been to use integrity and accountability to exceed his client`s expectations. He has worked in the luxury markets of Boston and Miami Beach and has also owned his own real estate firm in Louisiana.
As expert real estate advisers serving the Palm Springs Area real estate market, Will and his team specialize in finding buyers great deals and they would love to help you find your very own slice of the California Desert!
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""Got Will's contact info from online real estate site. Very skeptical and ready to be disappointed. Will was terrific. His macro and micro knowledge about the short term and long term PS real estate market was exactly what we were looking for. He is our go to professional for all things Palm Springs real state going forward!""