Corona Real Estate Market Update for April 2014

There are many great Corona area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (888) 490-1559 for a FREE home buying or selling consultation to answer any of your real estate questions.

Corona Real Estate Market Update for April 2014

As we enter a busy spring market here in Corona, I have been getting asked by a lot of clients how our market is faring. In order to educate you and help you to make more informed decisions, I will be giving you some data about the market.

• Prices are up, and so is inventory, which makes it a bad market for...
• Bottom feeders or predatory buyers: People trying to buy homes from desperate sellers are not going to have much luck because inventory is high, and sellers will not settle for a sub-par deal.
• Lazy investors: Investors who are looking to make a quick dollar will not fare well in our Corona market.

• On the flip side, this is a good market for...
• Move-up buyers: buyers who have been waiting for their property to be worth enough money where they can take their equity out and purchase the bigger home that they need for a growing family.
• Buyers / sellers looking to downsize: If you own a home that no longer suits all of your needs, now is a great time to sell it because quality properties have reached a peak in their value. There are a lot of buyers looking for large properties.

• Interest rates: They are still historically low at 4.5% right now. However, the National Association of Realtors thinks that these rates may jump to 5.5% by the end of the year. Be sure to buy now when homes are more affordable. 

• Inventory is at a 3 month supply right now.

• Long term investors are also buying up a lot of property.
• Taking 20 or 25% and putting it down on a home would be a great decisions right now. Paying off the mortgage in 15 or 20 years is a great way to save your money in a stable market. Decade after decade has proven that investing in real estate is a great choice. 

Hopefully this has helped you to realize that now is the best possible time to make a change in housing. The market will really be catering to your needs whether you're buying or selling. 

As always, if you ever need help with real estate in Corona, please contact me. I would love to arrange a time to sit down and discuss your needs. You can contact me by phone or email.

Sell Your Home in Corona for Top Dollar this Spring

There are many great Corona area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (888) 490-1559 for a FREE home buying or selling consultation to answer any of your real estate questions.

Is it Too Late to Sell?
In our booming spring market here in Corona, this topic comes up on the phone nearly every time that I speak with a client. The truth is that we actually have quite a few buyers out there right now, even though we have lost about 20% of the monthly sales we had six months ago.

The good news is that we have had a 22% increase in home prices in the last 12 months, and this has eliminated the bottom feeders from our market. I'm talking about the buyers who wanted bank foreclosures or who wanted to buy your home for less than it was worth.

Luckily, we have 4 other types of buyers in our market that will be eager to purchase:

1. We still have first time home buyers left in the market who can expect to buy a home without a troublesome amount of repairs.
2. There are also plenty of move-up buyers who are waiting to purchase. These people have been waiting until their current home is worth enough money to sell, and that time is now.
3. Transfers from companies and new jobs: People from all over the country are starting to move into this area, and as you can see, our economy in this area is starting to spring back
   
   
4. Lastly, we have the empty nesters who have been waiting until their home was worth enough money so that they could downsize and enjoy the beautiful climate here in Corona.

So, to answer your question, there are plenty of good buyers out there ready and willing to buy your home. We have a 3 month supply of homes, which is a perfect market for sellers to take advantage of. You just need to put your ball cap on and get ready to sell your home in this fast paced market.

If you're thinking about selling, then give us a call at 1-888-490-1559 or email me at Linda@TheHolmesTeam.com