|
Welcome!
"The Way Home In
Columbia County"
May 15, 2012
Can
You Exploit Today’s Market…. Or
not?
There’s some
good, even surprising news here, along
with some not-so-good news. Much depends
on you, where you live, your financial
situation, your wants and needs. Let’s ask
some questions, and come up with some
answers.
1)
How credit-worthy are you?
Should your needs necessarily involve a
lending institution; a strong credit score
will be essential.
2)
How vital is the market?
Nationally markets vary widely; ours is
relatively strong, with median prices up
some 6% over last year during the same
period
3)
Are you looking for a
vacation or ‘bargain’ home? We
recently reported that sales for such
properties were up significantly in 2011
and - surprisingly- 41% of these
sales were all- cash. Assuming you can
afford to buy or can show a strong income
profile, the investment of a lifetime both
– in pleasure and financially – is likely
readily available. But be advised: prices
here are already up compared to last year
during this period.
4)
Are you looking for a
rental? Whether for a summer
vacation or long term, these are in short
supply- and rates are up. However, if you
can remain flexible, some summer vacation
rentals are still available. Stay in close
touch with an agent here!
5)
I’ve heard that financing is
now tougher for most buyers – is this
true? Sadly, but understandably,
yes. Bank demands have tightened, and
buyers will have higher hurdles to get
over. It is still worth moving forward in
this buyer’s market.
Hope This
has been helpful…
-Chuck Bartolo, Principal
Broker,
Licensed in NY & MA
To
Read More About The Market &
Area>
|
