Are you thinking of selling your Lake Nacimiento home this year? If so, you might be wondering if 2012 will bring more home buyers to the Lake Nacimiento area. Here’s some information about how buyers are viewing the real estate market as a whole.
According to a study released last month by the Mortgage Bankers Association, 80% of surveyed Americans believe that now is a good time to buy a home. This overwhelmingly positive sentiment for home ownership was revealed despite concerns with the economy.
Who are the most enthusiastic home buyers? Per the survey, younger buyers who are well-educated are responding to low mortgage interest rates and affordable home prices. These buyers do their homework.
Nationally, there is already some buying momentum. The Pending Home Sale Index, which tracks contract activity for home buying, rose by 7.3% in November 2011. This puts the Index at 100.1, the highest level we’ve seen in 19 months.
Another boost comes from foreign buyers, who continue to scoop up homes in warm-weather states such as ours, along with Florida and Texas.
Will Lake Nacimiento see more home buyers this year? It’s quite possible, but we’re not out of the woods. The hangover of foreclosures will be with us for awhile, keeping prices soft. And while buyer interest is strong, there are hurdles to jump for mortgage approval. Also, lowball appraisals can knock a deal off the table, leaving both the buyers and sellers frustrated. It takes patience and flexibility to see some deals through.
What can you do, as a Lake Nacimiento home seller? First, contact me for the most up-to-date information on the Lake Nacimiento Real Estate market. In today’s market, things can change quickly. Having an experienced real estate professional on your side is a must! As your Lake Nacimiento Real Estate agent, I have the expertise you can count on throughout the home selling process.
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.
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