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Reno/Sparks May 2012 Market Update

by The Kirby Team

The Reno/Sparks Real Estate market is hotter than ever.  Rates are still at record lows, values are increasing but prices are very competitive for buyers. This is an ideal time for buyers and sellers to take advantage of all the benefits our market has to offer.   Click the link below to view our monthly market update. 
 

Detailed, up to date market information like this is just one reason to use The Kirby Team at Keller Williams Realty for all your Real Estate needs.  We provide a full time support-staff and over 25 years experience to assist you with all of your Real Estate needs. 

Contact us today for a free comparable analysis of your home or for information regarding listings for sale that meet your needs.   Let us help you find your way home.

 Click this link to view the Reno/Sparks May 2012 Market Update

 

Jason Kirby, Team Leader
The Kirby Team
Keller Williams Group One, Inc.
775-747 - RENO
Jason@thekirbyteam.net 

Should I Buy a Home Now?

by The Kirby Team

I’m often asked if this is a good time to buy a home.  Some clients are concerned that home prices may fall further than they have already.  They are assuming that the best course of action is to wait for the bottom in the market and then buy.  The problem with this approach is that you don’t know where the bottom is until you see it in the rear view mirror, meaning until you’ve missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.
 

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Photo of The Kirby Team Real Estate
The Kirby Team
Keller Williams Group One Realty
10539 Professional Circle #100
Reno NV 89521
775-747-RENO
775-384-5438
Fax: 775-823-8786