Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

May 30th, 2009

Buyer’s Market? Only If You Really BUY!

Categories: Buyers, Communities, La Costa Greens, La Costa Oaks, La Costa Ridge

Fabulous community of La Costa Greens in La Costa, CA

I saw one of the most fabulous blog post today. It was written by a real estate agent in Chapel Hill North Carolina. She was telling a story about her sister finally deciding that it was a great time to buy. We all hear that it is a buyer’s market, but that only means that there are great deals available for buyers – the operative word being buyers.

Is it possible that prices may go lower? Maybe. However, for the past two years, we have been providing statistics to our La Costa Oaks neighbors to reduce their property taxes. We have actually seen that in the La Costa Oaks community – property values have been heading back up. La Costa Ridge and La Costa Greens may be a bit further behind, because the communities are one to four years newer – with loans still resetting at higher rates.

Is it possible that there may be lower interest rates? Maybe but not likely. We have already seen interest rates jump from around 4.7% to almost 5.5%. There is a tremendous opportunity. We may not know we are at the bottom, until we missed it!

If you are looking to buy a house that you plan on holding more than 2-5 years, it is probably the IDEAL time to buy!

http://activerain.com/blogsview/1073450/it-s-only-a-buyers-market-if-you-actually-buy-

If you are looking for homes in our coastal San Diego communities and have any questions, please contact us below at any time.

Tags: Buyer's Market, La Costa Buyers, La Costa Greens, La Costa Oaks, La Costa Ridge

Posted by Mike and Amy Mewborn//