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TIMING IS
EVERYTHING
“Timing is Everything’’. Whoever said it couldn't have been more on target. . . especially when it comes to buying or selling real estate.
The late seventies and early eighties were tough years for most segments of the economy. The primary reason was high interest rates. As the cost of borrowing increased, the number of real estate buyers decreased. The window was closed on many who wanted to buy (or sell) real estate.
The last few years have shown improvement. The window opened and we all hope it will remain open. However, some economists are concerned that if the huge federal deficit is not reduced, the amount of money Washington will be forced to borrow will cause interest rates to rise again. At what point the window would close again (if ever) is a matter of speculation. Experts agree, however, that now is a favorable time to buy or sell real estate. Can you buy or sell when rates are higher? Sure you can, but it’s less complicated and less expensive to do it now.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, VA. 22747. Phone: 6753400. We’re here to help.
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