You are asking why we should buy now?

Why would Rick want us to buy when real estate isn’t booming?

I have been selling real estate for 28 years and this is the best buyer’s market we’ve ever had! Consider the reasons that make this a good time to buy:

1) Interest rates are low. Now you’re wondering how I can say that 6.5% rates are low, when a year ago you could get 5.5%? In the early 80’s we were selling homes with rates of 12%-18%. There were times I even believed we may never see interest rates as low as 10% again. 6.5% is a low and affordable interest rate.

2) You have many homes to choose from, and many of the homes built in the past 10 years are better than the typical older home. How are they better? There is more light, better energy efficiency, better floor plans, and newer neighborhoods that historically appreciate faster.

3) Sellers ar more flexible than the have ever been!!! Sellers are coming off of their prices, paying buyers closing costs, financing and doing improvements to make the sale work that they wouldn’t do in the past. Sellers that are not doing these things aren’t selling their homes, they are simply putting up a sign that says: For Sale.

4) Prices in some areas have dropped by $50,000 from where they were selling in July of 2005. Do not try to wait for the very bottom, as the market can shift in the blink of an eye.

My desire for 28 years has been to serve your real estate needs. Call me so we can discuss ideas you may have had about upgrading from your own home, buying investment properties or helping the kids get into a home.


Rick Lund
www.ricklund.com
Ferrari-Lund Real Estate

Reno-Sparks Real Estate Market

We know you are interested in a Reno-Sparks Real Estate Market Update, so here we go.

For the past 5 years we have been talking about the fast pace, rising prices and low interest rates that have driven the real estate market. Today the talk is more about how much lower do we have to go to get a sale. The buyers are asking us how much lower can we get the seller to go and stating that if they don’t like our offer, then let’s go look at some other homes. There are more than 6,000 homes for sale in this area now, so it is definitely a buyer's market.

Ferrari-Lund Real Estate is still the second highest volume company in Reno-Sparks. And we still know how to sell your home if you need or want to sell. In today’s market you have to ask yourself, “Do I Really Have To Sell or Do I Want To Sell?"

Many Stock Brokers have told me that when the market softens on a stock that you know is good, then buy it while the market is soft. Don’t panic and sell the stock unless you know something is terminal and it isn’t going to get better.

Real estate in Reno-Sparks is a good and highly desirable investment. It is not going to appreciate for a while and it may never appreciate again like we just experienced but real estate in the Reno-Sparks Nevada area is a good investment.

Give us a call if you need expert and experienced help of real estate professionals. Ferrari-Lund Real Estate and Rick Lund can help you meet your real estate needs now.


Rick Lund
www.ricklund.com
Ferrari-Lund Real Estate