Let's see... There were zero down loans, no documentation loans, stated income loans, creative lending, multiple buyer offers, short sales, auctions, flippers (everyone was an investor!) and more. Over the past eight plus years we have seen it all.
How did we get here? In four words - a lack of discipline.
The real estate market was much like a class room where the teacher (discipline, good order) had an emergency.
Any of us who has ever been in school will know what often happens when the substitute teacher comes in.... The class goes wild. The class loses focus and direction.
Well, the teacher is back.
Prices have stabilized. And the students are listening to reason. Just as a lack of discipline got us into the mess, focusing on discipline will get us out of it!
The market is slowly turning. Buyers, using local knowledgeable Realtors and lenders, are finding deals in the market place.
We know where we are going but some are like the child in the backseat asking....
“When are we going to get there?”
I don't know the month or year but I do know....
When we begin to look at our home as an investment in quality of life and not a money making tool we will be well on our way.If the time is right for you to buy a home in Brevard County, Florida, please contact me if I can assist in any way.