GMA…Bubble Trouble

Good Morning America had a story this morning about the “Real Estate Bubble” That’s all we seem to hear from the National Media…”Has the Bubble Burst…News at 11″ “Interest Only loans the latest craze…is it putting young couples at risk? Stay tune for our report!” It can make a person paranoid. I didn’t hear the “POP” but I do hear a slow leak that started about mid July last year. It seems that the expert on GMA didn’t hear it either. I have to agree with what she did say…move because you want to. If all of this talk about the bubble has you worried about holding onto a risky piece of property, then sell. If your family is happy with your location and you can’t see your self picking up and moving…then stay. Just like the stock market you always runs some type of risk with your investment. Depreciation, High interest rates.

Look around, the only homes that are really staying on the market forever….are the ones that don’t show well, the location or the price. Truly, these are the only three reasons why a home does not sale, Location, Presentation, and price. Home owners today, have control over two of them (price and presentation) With as many homes on the market today. (1201 in Frederick County) Owners need to be on top of their game if they want to move quickly in this market. The house prices are still going up, just not at the record rate that we were used to. Homes have to show their best at all times.

81 under contract
44 new to the market (this will pick up tomorrow. Most agents put the on MLS today and tomorrow)
1201 total properties in Frederick County.

So use YOUR best judgement for YOU when it’s time to sell.

Bob is a licensed Real Estate agent in Maryland and Pennsylvania. You can contact him via email at bob@gotbob4homes.com or call him on his cell phone at 240-285-4918.  Bob left the Frederick area to manage a resort office near Deep Creek Lake in Western Maryland. He still stays in touch with the area that he has grown to love.