Low Interest Rates
According to Freddie Mac, interest rates remain low; the average 30-year
mortgate rate has been hovering in the low 6% area, check
today’s average here. Locking in a low interest rate will
save you money on the purchase of your home.
Home Inventory
With a large inventory of available homes, the buyer has many more
options. Buyers now take more time, see more homes and find the
home they really want, at a great price, often with great incentives.
The time is now to find the home you want.
Incredible Values
Sellers are more flexible on price and are offering a variety of
incentives. There are incredible values currently on the market.
Historically, real estate prices on Longboat Key have risen over
the long term. While currently depressed, the cycle
will again show an upward trend in prices. Find your bargain now
before the great values disappear.
Imagine
Imagine if you would have known 10 years ago what you know now.
Did you think that prices were too high in 1997, 1987, or 1977?
In hindsight, many woulda, coulda, shoulda bought that home. Today
the large inventory of available homes and the best prices in many
years, provide opportunity to find the home you want at a great
price.
How long will this opportunity be here? Accurate timing
of an exact market low is elusive - like timing the stock market,
it’s best seen after it passes. Could next year possibly be
lower, or will it be higher?
Over the long run, Longboat Key home prices
have risen consistently and will again. They’re not making
any more water front, the island is almost completely built-out,
the intrinsic attraction of our community continues. Don't wish
you had. Be glad you did.
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