April 01, 2009

Depending, on whether it's Pending...

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I had a great time showing properties this past weekend on Cape Cod where I work as a Realtor for the Jack Conway Real Estate Company’s Mid Cape Office. My Clients picked out their favorite properties to view, and lo and behold there were a few I could not show them!

I was quite excited to see, that a few of these homes were pending sale. I must confess that I felt an internal smile rise up within me. I could only show 5 out of 8 listings! That means that 3 of those properties were on their way to sold! The spring market, it seems, is picking up steam.

As of March 27, 400 Single Family Homes are pending sale, 10 Multifamilies, and 107 Condominiums, just on little old Cape Cod. Now let’s think about that, 517 people, today, are saying “I am buying that property, I am taking the plunge and making a wise investment now.” To me that is a clear indication that consumers are getting savvy. They understand that there has never been a better time to buy. With record low interest rates, tax incentives, and an abundance of impressively priced houses, it is time to invest in the future.

Real estate, no matter the market, is never an unwise investment. The media is telling us that homes have been quickly losing equity, but what they don’t tell you just as loudly, is what goes down, must come up. No matter the market you buy in, you will eventually profit from a real estate investment. The key ingredients to your investment is… time.

The “time” it will take you to make a profit from your investment depends on the “timing” of your investment. Whether the real estate market is in the upswing or the downswing you will eventually see an increase. It is in the down swing that the truly wise investments are made, because it will take less “time” to see the profit from your investment.

The smart consumer is buying when the market is down. Unfortunately many are waiting for the media to tell them that the bottom of the market has been hit. If you’re waiting for such an announcement, unfortunately, it really won’t arrive until that time has come and gone.

I know a lot of people are on the fence, trying to predict that pivotal moment in time. I can say that by looking at today’s Cape Cod market alone, 517 people have decided it is now. We might just be looking behind us at the bottom.

If you decided the time is now to invest in your future, call me and let’s discuss your real estate goals. But I must tell you up front of course, that I can show you anything on Cape Cod… Depending of course, on whether it’s Pending!

Call me today to find out what’s happening in the Cape Cod Real Estate Market. 508-534-5524 or come find me at www.CapeCodSeaSideProperties.com

Posted By: Lisa Mancha