"And those who were seen dancing were thought to be insane by those who could not hear the music.”
Many consider purchasing real estate but when it comes time to actually take the leap; buy, a lot of buyers wait. I've heard all the reasons; 'We're going to wait until after the election.', 'We're going to see what happens.', etc. Those that illustrate such are often the ones that miss out. In the past few years interest rates have been at historic low's and prices in some parts of the country have not seen levels that we are today since the early 2,000's. If you're waiting for things to 'get better', or until you 'feel right' you may miss out on a fleeting opportunity, at least here in the Low Country of Hilton Head Island and Bluffton.
A large number of my clients, those that have purchased in the past five years, have taken advantage of low rates, low prices and are now the ones 'seen dancing' while those that continue to seek a real estate Nirvana are wondering 'Are those people dancing about insane?' For some of you there are things in life that don't allow you to take such a leap. But, for those of you who have rationalized over and over why it isn't the time to turn the page on the next chapter of your life you are missing out on a prime opportunity. Interest rates have slowly gone one way for the past 18 months (if you haven't been paying attention that way is UP) and they will more than likely continue to move that way in 2017 (after all if they went down anymore it would be free money). As a very young real estate assistant in the late 80's I can remember the double digit interest rates. Buyers were overjoyed when they got something closer to 10%, compared to the near 20% of the early 80's. Now we're in the 3% range AND prices are still amazingly low considering the location of Hilton Head Island and Bluffton and what you get as far as value.
Many of you have worked your entire life, or close to it, for a chance to live the good life. You've dreamed of what that good life would look like and through the years have loved visiting the tropical paradise known as the Low country many of you have mentioned, 'I can't wait to make the jump and get down here.' Don't you think that time is now? Don't you think you've earned it? How often in life do you come across a Perfect Storm; a time when interest rates, prices and opportunity all come together... this is one of those times. It's your time to start dancing and allow someone else to be deaf to the music you so much enjoy.
QUESTION OF THE DAY: What did you think of waiting too long and the increased odds of missing out on a 'Perfect Storm'? Please let us know in the comments below:
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PNP Real Estate
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