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Beach Home Resource!
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WAITING TO PURCHASE COULD COST YOU MONEY!
APRIL 2014 - Spring is finally here! The beach real estate market is already showing signs of being a VERY active for the season. As the economy improves and housing prices stabilize and begin to rise, as we have seen in many instances, waiting to make that dream beach home purchase could cost you! While interest rates are still near historical lows, there is evidence that they are slowly rising, costing you more in your monthly principal and interest payment. Keep your eyes on the Federal Reserve's buying of Mortgage-Backed Securities (MBS), which have contributed to keeping interest rates very low. The pull-back of these purchases has now begun, and interest rates are expected to slowly rise in 2014.
LISTINGS NEEDED! MY LISTINGS ARE SELLING! Sales in the beach real estate market at the MD/DE shore have been brisk after the Holidays. The market continues to recover and I believe we are off the lows in home pricing. It is an outstanding time to make that purchase or to consider listing your property. Residential inventory here has decreased year over year, but there are still wonderful properties available! Mortgage rates are near all time lows. If you're considering a beach home or lifestyle change, I'd love to be your area real estate resource in Maryland or Delaware here at the Shore. PROPERTIES ARE BEING LISTED AND SOLD!
Can you afford to wait? Interest rates are still very low, but they are creeping up since last year this time. Low rates are making your property more affordable to buyers if you are selling! Buying? Rising interest rates make the case to purchase that beach home now rather than later!
Need more information? I am here to help with your real estate needs, whether you're considering buying or selling, and I can assist in Maryland or Delaware here near the shore. Just call 410-977-2519 or email to Linda.Quasney@resortquest.com.
Buying or Selling? Have Questions?
Call Me Today at 410-977-2519
Linda Quasney, REALTOR®, GRI
LICENSED IN MARYLAND AND DELAWARE
ResortQuest Real Estate
37458 Lion Drive, Selbyville, DE 19975
302-436-1100 Office; 302-541-8892 Direct; 410-977-2519 Cell
Licensed in Maryland and Delaware
"On The Move? Let Me Help Get You There!"