Sell High And Buy Low- What is the true cost of your home?

Sell high and buy low. This is one of the most famous real estate mantras ever yet a few years ago, lots of people were trying to jump on the home buying bandwagon when money and loans were easy. At that time, they were caught buying in an upward spiral which had them buying the home at the market peak- then it all came tumbling down. So when is the right time to buy in today’s market?

There is no way to tell a client that a market is at the bottom-that this is the very lowest price or that the market will not go down any further- we just have no crystal ball. And we just can’t see it until we are on a real upswing or that we are quite a ways into it. Yet we have people who need to buy homes now. So what do we do?

We guide them to the very best deal possible in the neighborhood of their choice or one that they can afford. Then we make sure we negotiate the best deal possible. For some buyers, the best deal may be that REO or short-sale because those properties are the deepest discounts. In any case the following will always apply.

When considering a home purchase……

1. As in any investment, you hope that you can sell high and buy low.

2. In real estate, COST is more important than PRICE unless you are an all-cash buyer. Think about that…….. what are all the costs in buying a home? Loan costs, escrow costs, inspections, repairs, moving in…… the list goes on.

3. With interest rates rising, the COST of buying a home may increase even if prices decrease. Have the buyer’s loan officer run them some scenarios so they can get a better feel for weather to buy now or wait. As interest rates rise, so does the cost of the home…. and waiting for a 10K price decrease may cost 40K over the life of the loan.

So bottom line is to not be afraid to sell no matter what the naysayers may tell us. There are some people who may try to tell us to wait until the market bottoms out yet none of us know just when that event may happen.

Its NOT just about the price you pay for the home, its about the total cost.


About Ron Jesser Realtor

I'm All About Real Estate And I Know The Desert! After 14 years of selling, I better!   When selecting a Realtor or real estate agent, a thorough knowledge of the community, strong negotiation skills, and a commitment to excellent service are all skills you’ll want on your side of the table. Experience counts!

 With great experience as a Palm Springs Realtor and extensive knowledge as a Realtor servicing Rancho Mirage, Cathedral City, Palm Desert, La Quinta, and Indio, I help both buyers and sellers meet their real estate objectives. I will work tirelessly on your behalf by being available to you when you need me to answer questions, provide information or ensure our deal is progressing smoothly; by having a solid team ready to take care of any need or request that comes our way and by providing any resource necessary to make your transaction trouble free. Sellers—I am committed to selling your home or property in a timely fashion and at the highest possible price. If you are interested in receiving a free home valuation, I encourage you to fill out my free Home Valuation Form or check out my Dream Home Finder at Buyers—I will work with you to find your ideal home at your ideal price. Let’s narrow down what you are looking for, so we can begin the home showing process and get you a closer look at what these communities have to offer. No matter what it takes, your next home buying or home selling experience will be an enjoyable and successful one because I will be doing the work for you. And by working tirelessly on your behalf, as a team we will make your next home buying or home selling experience an enjoyable and successful one. 
 Remember—I'm not here just to find you a home. I'm here to help you find a life you will love! Thank you for considering me as your Realtor. Please call or email me if you have any real estate questions about Greater Palm Springs. DRE# 01280106
This entry was posted in Affordability, Finance/Lending, First Time Buyers, Personal Growth, Real Estate Sales Palm Springs, Reo/Short Sale and tagged , , , , , . Bookmark the permalink.

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