Murrieta & Temecula,Ca: Best time to Purchase that Dream Estate Home
As Interest Rates inch higher and the increase of Luxury Homes hitting the market, Smart Buyers are Taking Advantage of this Opportunity to negotiate a lower price putting Seller against Seller to gain advantage on obtaining that dream home.
Scott Partridge of Allison James states: “Home sales dropped in July & August 2013 as Interest Rates inched upwards and the cash investment buyers have seen home prices rise above their profit margins which have put some buyers on hold for now”.
Scott goes on to say: “In a normal real estate market we have between a 6-7 month supply of homes for sale and we currently have a 5.2 month supply in the majority of our local housing market. In some of the estate areas this would be a 7-8 month supply or greater = depending on the home”.
** Estate homes tend to have more wiggle room on the price and we have plenty of Sellers willing to negotiate so now is the time to take advantage of this market. (Low Rates & Motivated Estate Sellers)
** If you are considering an “Estate Home” in the Murrieta or Temecula area this would be a great time to get out and start negotiating as rates are still very low compared to a 8%-9% cost.
www.PreviewLuxuryEstates.com is calibrated every hour to provide you with the most up to date information on available homes & land.
Any questions regarding the area housing can be answered by emailing Scott at Scott@PreviewLux.com
- Contact Information
- Scott Partridge
- Luxury Estate Advisor
- Allison James "Estates & Homes"
- (1) 951-757-2148
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