As we approach spring here on Lake Nacimiento, it’s also a time when the activity increases for the Lake Nacimiento Real Estate market. Buyers turn their thoughts to spending long vacations on Lake Nacimiento this summer. Sellers find that now is also a great time to put their home on the market since there are more interested buyers that are beginning to search for their dream home in Oak Shores or Heritage Ranch.
Of course this is a really exciting time for me as a Lake Nacimiento Real Estate agent as reports continue to show signs of the national housing market continuing to improve. MoneyCNN noted the S&P/Chase-Shiller index which showed home prices boasting the largest percentage gain in more than two years. Home prices were up 4.3% in October 2012 when compared to October 2011. This is due in part to factors such as a five year low in foreclosures, lower unemployment and the still low mortgage rates will result in more active buyers. This, in turn, will drive up home prices.
The National Association of Realtors chief economist, Lawrence Yun, commented on the recovering market for 2013 by adding that “sellers will smile more, and buyers will need a more concentrated focus.” Buyers will find greater competition and will need to act quickly when they find a home they like.
So what does this mean for buyers? If you’re considering buying a Lake Nacimiento home this coming year; don’t wait until the spring market is in full swing to do so! Get a jump start on the competition by following these helpful tips:
1. Get Your Financials in Order– You don’t want to wait until you find your dream home on Lake Nacimiento to start getting your financials together. Meet now with your lender, know your credit score and determine your home buying budget and down payment.
2. Begin Your Search Online– If you’re new to the area or are buying a vacation home or relocating to Lake Nacimiento, starting your home search online can help give you an idea of the types of homes currently available in Oak Shores and Heritage Ranch.
3. Find an Experienced Lake Nacimiento Real Estate Agent– Having an experienced Lake Nacimiento Real Estate agent by your side will ensure you receive the best service possible. You want someone who knows the ins and outs of the market and can guide you with the advice needed for navigating through the home buying process.
I hope these tips inspire you to begin the home buying process today! Even starting to look at what’s available online and talking to a trusted Lake Nacimiento Real Estate agent are great first steps!
As always, I’m here to answer any questions you have and would enjoy helping you find your new home on Lake Nacimiento!
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty
Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
Please let us know how we can help!