Historic Homes Blog

 If you surf, you get the best ride and the most speed from perfectly timing the wave you wish to ride. If you are a stock investor, you want to buy low and sell high. As a shopper, you look for bargains. Does this all sound familiar? So if you are a real estate investor, how do you know when to buy? The size of the decision and its long-term consequences can be paralyzing and then there is the issue of financing and affordability

We may have reached a time in the real estate market in Orange County where a potent combination of excellent interest rates, newly available financing (FHA and Conforming loan limit increases), greater selection and lowered sale prices serve up a huge opportunity. Waiting for prices to fall further is an imperfect strategy because we will never correctly time that “lowest price” moment and while we are waiting, rates may rise as they have been doing recently. My suggestion is to MAKE AN OFFER if you want to buy and see what the seller’s response is. It can’t hurt to ask!