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Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand.

One of our specialties is representing the best interests of Milford CT area homebuyers, throughout the home buying process. Our comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.

If you're like most people, buying a home is the biggest investment you will ever make. So whether you're buying a starter home in Milford CT, or your dream home an investment property in Milford CT Waterfront Homes, why not take advantage of our experience as local market experts in Milford CT real estate homes to make the most informed decisions you can, every step of the way!

Don't focus on falling prices, focus on long-term goals

Monday, September 10, 2007

Last year, the home sale market began to slow, causing many buyers to postpone buying hoping that prices would drop. In fact, in some areas and in some segments of the market, prices have declined.

Mass psychology influences home-buying patterns. When buyers decide that it is not a good time to buy due to fear of falling prices or rising interest rates, this notion tends to become a self-fulfilling prophesy. When the volumes of home sales drop, buyers tend to hold back. When sales heat up, buyers perceive this as a good sign. They feel they must buy immediately before home prices rise and they are priced out of the market.

 

 

Waiting can result in lower interest rates, but in many cases, a higher purchase price.
Buyers tend to follow the herd, which is not always a good thing. It seems that the best time to buy is when there is not competition from other buyers --  in a slow market. However, most buyers feel more comfortable buying when all their friends are buying.

 

There are up markets, down markets, and stable or balanced markets. In an ideal world, you would buy at the end of a down cycle, just before the housing market picks up again.  You will know that the bottom of a cycle has passed only when the market is moving upwards again. In other words Home sale markets are cyclical . To view a local market report click here.

 

In some areas , sales volume is off, but not the prices, Woodbridge CT has actually gone up. When inventories are reduced and buyers are back in droves, prices should go back up. For the full story click here