Morning Morning Market: Experts Agree, Now is the Time to Buy!
Posted October 24th, 2011 | by The Update
For those who have been playing the real estate market watch and wait game, the industry has just dealt a winning hand. Interest rates are historically low, inventory levels are solid and sellers understand the importance of realistic pricing. Indicators point to a rising market and an advantageous time to make a deal.
According to Bryan Hagen of D.W. Skelton & Associates, a DFW-based residential real estate appraisal company, the prices in the Park Cities and surrounding areas are stable and have been since January, 2010. “Our predictions in 2009 were that it would take five years to rebound from the downturn, and we are currently in year three and seeing improvements across the board.”
Robbie Briggs, CEO of Briggs Freeman Sotheby’s International Realty is enthusiastic about the current inventory of properties now on the market. “There are amazing homes available with compelling prices and solid value. The current home prices are even prompting buyers to take the leap and get a second mortgage. We’re seeing multiple people willing to buy without selling.”
And according to Gene Taylor, Executive Vice President and Director of Sales and Agent Development, homes are selling quickly. “ Recently we have had several sales associates share with us in sales meetings about buyers they are working with who have hesitated possibly just over the weekend only to find that the property they wanted on Friday is under contract by Monday. It is understandably disappointing to buyers, so it is important to know up front that well-priced homes in good condition sell, often times in just a few weeks and with multiple offers.
For expert real estate assistance, visit briggsfreeman.com, ranked the #1 brokerage website in Texas and #3 in the nation. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty.