My New Blog

TOPIC: REAL ESTATE MARKET UPDATE SPRING 2009

                    Brought to you by Pam Dickman, Remax Universal Real Estate

Spring is on its way and the Real Estate market is expected to soon begin its very welcome return -~ along with lower prices, and more opportunities for home buyers. Low Interests Rates and the expanded First-Time Homebuyer Credit for 2009 with a maximum credit to $8,000 for purchases made through December 1, 2009 which does not have to be repaid unless the home is disposed of or ceases to be the taxpayer’s principal residence within 3 years of purchase makes NOW perhaps the best time in history to buy a home!

According to forecasters at Moody’s Economy.com home prices will bottom out at the end of this year and median prices perhaps could fall an additional 10% since their 2006 peak. That assumes that President Obama’s various recovery efforts will have some effect. If not, we might be looking as late as to the end of 2011 in some areas.

After home prices hit their lows, they will most probably stay there for a few years while the economy gets back on its feet and prices aren’t expected to reach 2006 levels again for another decade. What is happening now is both inevitable and necessary.

In light of all this, if you are looking to BUY your first home, now is a great time. If you wait another year for prices to “bottom out” then you will miss the tax incentive and low interest rates. This is probably not the greatest idea.

If you are thinking about SELLING your home, you will have to make a tough decision. Depending on your situation there are only two ways you can go. You can either stay put and wait another 10 years or so until the market rebounds to 2006 highs, or sell NOW for the new realistic market value of today before prices drop any further.

2009 holds a great opportunity for sellers because of buyer incentives which is bringing more buyers to the arena. This might all change in 2010 when these incentives are gone.

If you decide to sell this year, marketing your home realistically and competitively is the key to putting more money in your pocket. It is taking more time for banks to give loan commitments, and there are some not so qualified buyers out there, so expect that you will need more time than in the past to close on your home and make your move.

Listing your home with a Realtor who’s been in the business for years and has a lot of experience will help smooth out the details for you and get you happily moved in a shorter period of time, getting you more $$ in your pocket.

Now, more than ever, you will need to work with a great Realtor to get the job done without any “glitches”.

This is not the time to go it alone!

OUR MISSION

In Today’s Real Estate Market, you need to work with a company you can trust that has professionals you can rely on. Whether you are buying or selling your primary residence, a second home, or relocating to a new neighborhood,

PAM DICKMAN and Re/Max Universal Real Estate can help sell your home quickly and for top dollar or make your homeownership dreams come true.

Focusing on excellent customer service has inspired our company to build an effective combination of results oriented professionals, superior technology and high ethical standards ~ all working to provide our clients with the most positive Real Estate experience possible!

A TOUGH MARKET NEEDS A TOUGH REALTOR!

SHOPPING FOR A REALTOR®? Don’t delay!

CALL PAM DICKMAN TODAY FOR A FREE, NO OBLIGATION ACCURATE APPRAISAL OF YOUR HOME AND START PACKING!

PAM DICKMAN, RE/MAX UNIVERSAL REAL ESTATE

Associate Broker, Realtor®, SRES(Seniors Real Estate Specialist)

CALL: 718.445.1212 direct or 917.301.1212 cell

Click: info@forsalebypam.com

Or visit: 218-14 Northern Blvd. Bayside

                  ~CONNECTING BUYERS & SELLERS FOR OVER 22 YEARS!~