It’s a familiar terms, but what does it really mean? How does it happen? And, most important, how can it be best exploited to your advantage?
Put simply, a ‘buyers market’ exists whenever market conditions heavily favor the buyer. The situation typically begins with reduced housing demand…leading to reduced home values and prices. A gradual reduction in sales puts ever more homes on the market, and for longer periods of time. This in turn leads to a still further drop in demand…and round and round it goes, for some unknown length of time.
Exploiting the present situation to the buyer’s advantage is all about a single factor – timing. Many savvy buyers now agree that the very best time has arrived and are making their moves; in fact, they know that waiting can indeed be very, very costly because the market can turn with surprising speed.
So don’t wind up waiting too long – then missing and regretting forever – what may well have been your bargain of a lifetime. As the song goes, ‘These are the good old days…’ And indeed they are.
Beyond the monetary appeal of currently high prices for gold, silver and other precious metals, I strongly suspect another, very powerful factor may explain the sell-off. Gold is tangible, offering the security of something solid you can hold and touch; by razor-sharp contrast, stocks and bonds seem little more than vague abstractions. Investing in Real Estate provides all the satisfactions of precious metals — and much, much more. It is a Safe Haven, an investment under whose broad, protective wings you can live and love. With the average homeowner staying in their homes seven years I am confident that, over that period of time, Real Estate will out–perform Gold while providing countless pleasures…and the memories of a lifetime.
Here in Columbia County the end of summer is marked by the Columbia County Fair, which wrapped up after 6 days of activities and entertainment on Labor Day. With the kids back at school and everyone back to work, it seems that summer is truly over. With the summer wrapped up it is now time to look forward to the exciting fall events that are happening in Columbia County.
Something exciting to look forward to is the annual Film Columbia Festival October 19-23 at the Crandell Theatre in Chatham NY. Last year the festival featured award-winning movies “Black Swan” and “The King’s Speech” before they were released. This is a great event for movie lovers. Click Here to find out more information.
October 9, from 11am to 4pm, The Austerlitz Historical Society will be holding it’s annual Autumn in Austerlitz. This is a great event for the whole family, the event features volunteers dressed in early 1830’s costumes, antiques, live music and entertainment for children, many different vendors and a variety of hot and cold foods. Click Here to get more information.
This time of year in Columbia County is also a great time to go apple picking at the local orchards, there are many orchards around the county that offer pick your own apples. For a complete list Click Here.
At last, the word seems to be getting around, because more and more visitors are being drawn to Columbia county and the entire Hudson Valley. More and more new full-time residents as well.
The reasons for this may be a bit more than first meets the eye. Certainly the about two hour proximity to the Metropolitan Area makes the ‘country’ surprisingly close. Also, the surprisingly attractive prices here – and sheer value – of homes and sometimes large properties is immensely appealing. What would be a million dollar + situation in Westchester County, on perhaps just a fraction of an acre, might cost half that amount here, and easily include ten or more acres.
I suspect, though, that another factor may be at work – the ever-increasingly demand for fresh produce and Organic Foods.
We continue to see small farms springing up, these serving up all manner of vegetables and cheeses to growing numbers of coop food outlets. With only some 63,000 residents throughout the County, there’s surely a ton of room for more vegetables – and more nature-oriented people as well.
Why not give this not-so-radical idea some thought, as many already have. A whole new and simply wonderful lifestyle is truly right under your nose.
There are many events going on this weekend and the entire month of August in the County. If your looking to see a show you can go see “The Real (Desperate) Housewives of Columbia County!” at the lighthouse Marina & Restaurant in Copake NY every Friday in August. It should be a fun show to go and see.
On Saturday August 13th there is a sangria festival at the Hudson-Chatham Winery on route 66 in Ghent from 12:00 to 5:00. This should be a fun filled day of trying different kinds of Sangria, Mexican food and massages. For more information www.hudson-chathamwinery.com.
Also happening this weekend is the first annual Hudson music fest. Happening on Saturday August 13th starting at 7:00pm. The city of Hudson will have music in every possible indoor venue and outdoor public space the organizers can conjure – jazz brunches, buskers on street corners, dueling DJ’s, dance parties, country bands, classical music concerts, singer/songwriter contests, new age music and old time Dixieland, salsa and soul. It should be a fun weekend full of music. If you would like more information go to www.hudsonmusicfest.com.
Our Government finally cut a deal saving us from default, but then Standard & Poors downgraded our credit rating.
How might this affect you and me — and the housing market?
Some consumer interest rates will likely begin tracking higher. However The Federal Reserve in a response to the lower rating just guaranteed its interest rates for the next two years, a positive move for all of us.
So, if you’re now shopping for a home – or even a car — moving quickly could well save you thousands of dollars over the life of the loan.
Historically, Real Estate has proven the single best place to invest your money long term. I remain convinced that today it remains just that.
‘Money talks’ is a very old expression, and one whose truth is often demonstrated – but only very occasionally in a truly startling fashion.
Thumbing my way through a current issue of USA Today, I spotted a Real Estate Report that some 30% of existing home sales in a recent month were all cash transactions, a pattern now seen in markets all across America. Certainly a shocker, it in fact has a simple explanation: savvy investors taking advantage of today’s major Real estate opportunities.
This trend is showing up right here in Columbia County as well – fueled by super attractive prices and still low mortgage rates, neither likely to stay that way much longer. For some, the Buying Opportunity is here, and now. Don’t miss it.
And with the beautiful weather we have been having here in Columbia County, it is a perfect time to come and check out the area. Visit our About Columbia County page to find out more about the area.
A recent article in USA Today reports that cash buyers are snapping up homes and properties in markets all over America.
Somewhat incredibly, perhaps, in a recent month all-cash buyers accounted for some 30% of existing home sales. This trend is showing up more and more – and right here in our own back yard. These are savvy investors who likely sense that prices may not remain at currently very attractive levels, and that mortgage rates have begun creeping up. Don’t let this trend slip by you – give us a call.
Also Please Don’t forget to come visit Chatham on July 9th for Summerfest. Lots of food, entertainment, and shopping. Click Here for more information.