Who's Benefitting the Most from Today's Market?

As many of us know today’s economy is facing troubled times, but where is the silver lining? In real estate the silver lining seems to be gravitating towards first time buyers. If you’re looking to buy a starting home, NOW is the time to do it! There are many homes listed for very affordable prices. Buyers only need 5% for a down payment and mortgage rates from banks are low...really low. We encourage you to talk to a mortgage specialist to find out your ability based on your particular circumstance. With first time buyers not having to sell a home before buying, it puts them in an opportune position. Kick your January blue’s and get excited; let’s buy your first home!

But for the rest of you don’t fret there is also a glimpse of that silver lining for you too as long as you are buying and selling in the same market. With the media focusing attention on the negatives of the current market situation one thing that is not heard quite so frequently is this simple fact that, yes the market is down, therefore if you’re selling your home you’re not going to get as much as you would have a year ago, but if you’re buying a house, guess what, you’re also buying for less. As a result, selling your home for less than you may have a year ago isn’t going to pose the financial crisis often depicted in today’s media.

To everyone else taking the time to read about our current market situation, here are my thoughts...I honestly believe that the more gloom we hear on the television and radio about job losses and a possible depression, does just that, depresses us. I don’t think I’d be able to convince you to turn off CNN, stop subscribing to newspapers, and plug your ears every time you walk by someone discussing today’s troubled times, but what I will say to you is try to stay positive. The real estate market is not as dead as everyone perceives, yes it is slow, but this is always the slow time of year in real estate. Before negative media casts the worst predictions for 2009, remember what Winston Churchill said, “Attitude is a little thing that makes a big difference” take his advice and make 2009 everything you’d hoped for.
-Ashley Ross, sales representative