“Psst…Wanna A Piece Of Pie?”

Buy now or wait? Consult your agent, your dog or the Wizard of Oz? Whom can we rely on as home buyers in today’s market?

“Our real estate market is like the soggy remains of the beautiful cherry pie from yesterday’s Sunday Dinner…”

Folks are looking it over, poking at the crust that used to be so perfectly flaky, and reminding themselves that the diet was supposed to start yesterday. But pie is pie. If you close your eyes and take a bite, the taste still provides that same bliss…

For decades, owning real estate has been the best way to improve & prepare for a solid financial future. How can you go wrong if everyone needs a roof over their head right? Well, something has gone wrong. So here we sit wearing that very same pie on our face, bliss has dulled, and we wonder which way to move next.

“Real estate has lost it’s luster…dulled by pie-in-the-sky financial greed.”

Home prices have dropped like a stone, and large amounts of equity have vaporized for the time being. (History lesson: prices go back up, it’s a matter of time). First time home buyers are excited by the opportunities they have at last, but now loans are harder to secure. Lenders continue to learn their lesson, and harshly at that. Investors are back in record numbers, fighting over bank foreclosures and short sales. Call your neighborhood escrow company, they are very busy closing home sales! Surprised?

“How do you get your piece of the pie before it’s all gone?”

The basic principles of financial responsibility haven’t changed, they’re back to where they should have stayed in the first place. Minimize debt, clean up the credit report and raise your FICO score, save for a down payment, and do your homework. Take time to research the area you’d like to live in and above all:

“Choose the right slice…”

Work with an experienced career agent. The market is too tricky not to. Consider local schools, services, amenities, and pay attention to property location (remember “location, location, location?”) Look for bargains (they are out there), with good future potential.

The pie is out of the oven. Some who didn’t wait til it cooled got burned. Timing is everything, and this pie is now ready to eat. A la mode anyone?