With historically low interest rates and reasonable prices on a tight supply of quality houses, this fall will be the time to buy a home, according to local real estate agents. Before starting your search, here are some of their recommendations.
Kevin Goffstein PRUDENTIAL ALLIANCE REALTORS
Homebuyers should expect a continuation of record low mortgage rates. We will likely continue to see a tight supply of quality properties and great deals for buyers. The real estate market in 2012 appears to be at a tipping point and is finally moving in the right direction.
Kathy Holman DIELMANN SOTHEBY’S INTERNATIONAL REALTY
Homebuyers should expect a good market for fall. I recommend they do their homework and make it clear to their agent exactly what their expectations are—from what they can spend to a list of must-haves, negotiable factors and irrelevant aspects—to give their agent a blueprint of what they want.
Mark Gellman THE GELLMAN TEAM, COLDWELL BANKER PREMIER
For the fall, homebuyers can expect unbelievably, historically low interest rates. In addition, there is a higher inventory of homes, as well as more realistic sellers—in terms of price— who want to and need to sell.
Jill Butler RED KEY REALTY
We have hit bottom and we’re starting to climb back out. Interest rates are great, and it’s an excellent time to buy. Make sure you have a great lender and great realtor to get your best price.
Mike Winfrey JANET MCAFEE REAL ESTATE
Homebuyers are feeling more confident in terms of valuation of properties. With continuing historically low interest rates and the many fantastic homes I see day-in and day-out, I anticipate this current upturn in market factors to continue.
Allie Rossini LAURA MCCARTHY REALTORS
There is no reason to think that the successes and positive results we’ve seen in the first half of the year won’t extend into the fall. Sales are up and rates are lower than ever. Prices have drifted upward a bit, probably due to more buyers entering the market and a tight supply of available homes.
Stafford Manion GLADYS MANION REAL ESTATE
The perfect house to buy is one that’s been on the market for a long time, because the seller is frustrated and willing to negotiate. Make buying a house a business decision. Today’s buyers are not as emotional—they are trying to let their head get involved as much as their heart.
Dorcas Dunlop PRUDENTIAL ADVANTAGE REALTORS
Fall is an excellent time to purchase a home—rates are low, and they typically go up after elections. Once homebuyers decide fall is the right time to search for a house, it’s best to get referrals from their peer group when looking for both agents and lenders.