Is it really a Buyers Market in Long Beach? - Long Beach Real EstateIs it really a Buyer's Market in Long Beach? - Long Beach Real Estate
Is it really a buyer's market in Long Beach?
Well, that all depends on your price range and the Long Beach neighborhood you select to find your new home. There are many skeptics who say the bottom of the real estate market has not come yet. People who say prices are going to drop at least another 25% or more. They say, "Don't buy now! You are sure to lose!" First of all, when you purchase your Long Beach homes, you should consider them to be long term investments. Second, prices are at an all time low so keep in mind one of the most famous rules for buying real estate: Buy low and sell high! Whether you sell in two years or five, the fact remains you are buying low if you buy now. When you sell after the real estate market cycles up you will sell high. As a Long Beach Realtor I have worked with many 1st time home buyers in Long Beach. What I have found to be the rule and not the exception is that it is an all out war to get homes in certain Long Beach neighborhoods in certain price ranges. That begs a question...Is it really a buyer's market? A buyers market indicates that all sellers are desperate and willing to take just about any amount thrown at them. Everyone thinks that as long as you have a loan, you can buy any house you want at the price you decide to pay. Well, I am here to tell you that is not the case. You have to be aggressive and you have to be serious about your offer on any Long Beach properties you truly wish to buy. There was a time in recent days where my clients were up against 17 other buyers to purchase one Long Beach home! While we did successfully procure the property for the buyer, the fact is it's just not that easy to get any home for sale in Long Beach. While it is true that in terms of price point and opportunity there has never been a better time to buy Long Beach homes or condos!! Take advantage of that, but be realistic about your expectations. You can get a wonderful deal and find a home that is just right for you but you have to be ready to dig into this market and kiss a few frogs before you find a prince, so to speak. Happy house hunting!
Contact us today to begin the search for your new home (562) 212-5420
Other 1st time home buyer articles that may interest you: Long Beach California Real Estate Sales - December 2008 Update Long Beach Homes - Issues for 1st Time Buyers Long Beach Neighborhood Real Estate Sales Market Reports and Updates
Long Beach Homes For Sale
Long Beach Condos For Sale
http://www.longbeachrealestatehome.com/0092D3
Posted on December 30, 2008 15:12:41 by Laurie Manny Professional Group
 Laurie Manny Professional Group  1 feedback »
Comment from: Richard Stabile [Visitor] · http://newhomesbyrichard.com Reference to the 2009 market, I been writing about the hope of the mortgage money really being availble by the Fed buying new agency paper. If this continues, the mortgages will become available to quailified buyers and the inventory will be taken down. I hope they extend the government funded mortgages to investors also. We need people with capital to buy. Richard  Permalink January 02, 2009 00:07:43Comment on this article This post has no comments awaiting moderation. |
To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
