Reduction in avg house prices -Is this time to Panic? If think not and here's why.

Written by Steve Barker of Amerivest Realty.

There have been many articles and reports in the last few weeks on the published Aug housing price reduction statistics and many are painting a very dark picture for sellers and the housing market.

Few have effectively put into perspective this first monthly avg reduction against the large gains home owners will still most likely achieve on their sale following around 5 years of double digit appreciation.

The investors and speculators still hoping to "flip" for a large quick profit may well see little profit or even a slight loss but they are not the bulk of home owners either and as investors/speculators, a loss is part of the "game". The unfortunate thing is that not all the speculators are "professional" investors who appreciated and accepted the risks. Some of these "try to get rich quick" speculators are now beginning to understand the risks much better.

Truth is that for the home owner wanting to move right now who and owned through these years of appreciation, it is not a bad time to sell. It takes longer of course and prices have to be realistic but by selling and also buying as part of their move, they are not at a price/gain disadvantage as some would have us believe. With the right real estate guidance, a move now can work to their advantage. There is still money to be made from their sale and an experienced real estate professional can help to maximize that gain while negotiating a great price on the new home they wish to buy.

And for the "Serious Investors" who understand the risks, this is perhaps one of the best time they could buy while some "try to get rich quick" money speculators "need" to sell their property.


Steve Barker is a very serious real estate professional and Certified International Property Specialist. He also holds the coveted CIPS, GRI & ABR designations and can help you with all you real estate transaction needs.
Contact sebarker@AmerivestRealty.com
Cell #(239)293-4327
http://www.sebarker.com/