Time to "Get Real".. Market Trends for Bristol County

Lori Lincoln — Sat, 24 Nov 2007 01:10:00 GMT

I read an article on Boston.com today.. For sellers, the next year will be a trying year. If you do not need to sell.. DON"T. Record numbers of foreclosures are causing home prices to fall. In April of 2008, there will be hundreds of adjustable rate mortgages that will reset.. what this means is that those with adjustable rate mortgages may experience a larger house payment, which has been the driving force of the plethora of bank owned properties we are seeing on the market today.

Today's buyer is shopping, shopping for price. The market is truly all about price.

Average market time for the state of Massachusetts is 15 months now. 20% of the homes on the market are priced to sell. The other 80% will either expire or not sell at all, or sit for many months unless the price is adjusted.

I cannot give a prediction of what the market will do, nobody has a crystal ball. I do know, however, that homes are taking longer and longer to sell. Price equals pace in this market.

I would love to be buying today!

If I personally were looking for a home, this would be the perfect opportuntity. Interest rates are low, home prices are low. One never knows when rates will rise.

Advice to Buyers- Work with a Realtor that knows the market.. Make sure you see comparables.

My take on buying a home today..." It really doesn't matter what the price is, most are priced well below 2 years ago".

Unless you plan on selling your home within the next 5 years, just buy the home you love..

Don't be nervous Ned or Nelly,
I got a call recently asking me about a home I had on the market 6 months ago, the buyer asked if he could make an offer.. I said, "Sorry, sold it 5 months ago". Buyers can miss out on well priced homes if they hesistate... someone else will be enjoying their dream home, all because they were hung up on $10,20, 30 more a month!. If you are first time buyer, you have all the more reason to buy. Your tax write off for interest can offset your income taxes, sometimes, substantially!

For more information on Market Trends, Home Selling and Buying, Please Contact Lori Lincoln, 508-878-0917

http://www.bristolcountyhometeam.com/

http://tauntonhomes.net/

http://assonethomes.com/

http://berkleymahomes.com/

http://lorilincolnteam.com/

Lori Lincoln has homes for sale in Taunton, Assonet, Rehoboth, Dighton, and

Bristol County Massachusetts

Technorati Profile

Choosing the Right Agent to Sell Your Home in Bristol County orGreater Taunton/Assonet MA

Lori Lincoln — Tue, 16 Oct 2007 02:17:00 GMT

Your home is one of your biggest financial investments. That's why it's important to keep track of its value, get it marketed properly, with the right agent you will sell faster and for market value.

As the real estate expert in your neighborhood, You will have the systems in place to help you stay on top of area home values. Take advantage of my neighborhood knowledge and the latest technology tools offer you an edge when it comes to monitoring local home sales.

Contact us for a listing of the most recent real estate activity in the Taunton MA area,

And if you're thinking about making a move, I can also offer you a FREE Home Audit Report/Market Analysis for the neighborhoods you are interested in.

Best Regards,

Your Neighborhood Realtor,

P.S. Call me at 508-878-0917 or visit http://www.LoriLincolnTeam.com for a FREE report on "Getting Your Home Ready to Sell."

Lori Lincoln is affiliated with Keller Williams Realty and serves Taunton, Assonet, Dighton, Rehoboth, Swansea, Somerset and surrounding cities and towns