Next Moves in Real Estate

This week is a time for subtle reflection on where we've been and where we're heading.

Many of us take this week to write our goals and resolutions for next year.

With market projections not the merriest, it is a time to ponder what moves to make regarding real estate.

If you are thinking of buying, I'll repeat what I've been saying for the past year... it is an incredible time to buy...if you can. Mortgage interest rates and listed prices have never been so simultaneously low.

The media reports doom and gloom but there is opportunity everywhere, especially on the Outer Cape. Will prices come down more? It’s hard to tell, but right now conditions are ripe for a good buy.

Sellers get prepared to list your homes if you must. We've seen interest rates fluctuate between 4.75% to 5.2 % for 30 year fixed products. There is speculation that rates could drop as low as 4.5% this coming year. If you need to sell contact your real estate professional, price it right and use these low rates to get your property sold and get out of it.

One thing is for sure, 2009 will be filled with opportunity for those positioned to take advantage of it both sellers and buyers.