The Right Time to Buy

Damion — Wed, 06 May 2009 01:48:53 +0000

How do you know when it is the right time to buy? For less-volatile markets, you do not have to worry as much about your timing because there is a steady appreciation to help keep you in your comfort zone. In questionable markets, the answer may be more important than you think. If you are in a downward cycle in the real estate market and you buy on the declining slope, you could have issues selling in the future if you have not reached the upward spike yet (imagine a roller coaster here). While the Mississippi Gulf Coast Real Estate Market has had its slight ups and downs, we have been fortunate enough to miss out on the huge spikes they are seeing elsewhere in the country. Fortunately, many experts have agreed that NOW is the right time to buy. Real estate experts from all over the country have stated that the bottom has hit in most areas and is back on the upswing in others. If you are considering buying a home in the Mississippi Gulf Coast market, some of our areas are forecast to be the top appreciating real estate in the country over the next couple of years, which are tied into local market conditions, federal monies from Hurricane Katrina, and an explosion of investment dollars and new businesses in our area. Top it off with three military installations, numerous strong employers, some awesome improvements to the Port of Gulfport, and the Casinos, and it is no wonder we have such a strong local economy. If you are wondering if the time to buy is here yet - well, you guessed it. Give us a call or email to let us assist you in finding the right home at the right price!

MS Coast Real Estate Market Update

Damion — Tue, 05 May 2009 19:09:56 +0000

The real estate market is constantly changing. The local real estate market has not been hit very hard compared to other areas around the country. In fact, our market has seemingly stayed pretty stable over the past year. While sales are down slightly, it is also important to know that MANY people bought homes shortly after Hurricane Katrina. If the average family moves every 4-5 years, it would be safe to estimate that many people who bought then would be looking to move again over the course of the next year. Currently, we are in a slight buyers market but sellers are already pricing low to compensate so it is unlikely that buyers are going to get any sort of special discounts below existing listing prices if the sellers are already priced competitively. Sellers should note that pricing is one of the sole determinations of whether their house sits on the market for 6 weeks or 6 months. Buyers are actively looking for property and those sellers who live in desirable areas and are priced to sell will win. My general opinion of the market over the next month is that we will see an increase in people looking, especially those that were waiting until the kids were released from prison, um.. school, for summer vacation. For sellers looking to get a jump on the market, give us a call. As always, we always look forward to helping buyers find their perfect home as well!

Tech Realty® » Market Updates

The Right Time to Buy

MS Coast Real Estate Market Update