Myrl Jeffcoat’s Real Estate News

THE REAL ESTATE NEWSLETTER FOR TODAY’S HOMEOWNER

Turning Dreams into a Reality

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Turning Dreams into a Reality
By: Myrl Jeffcoat - December 20th 2007

Turning Dreams into Reality

Not long ago,  I lamented that as a child, I often daydreamed about living in a home similar to the doll house I had.  The doll house became among the most cherished memories. 

As we grow older and hopefully mature to a certain degree, we realize that what we wish for as a child isn’t always possible.  However, something about that little Victorian doll house, decked out in holiday grandeur, had never drifted far from my dreams for the future.

Little did I realize years later that I would become a Realtor, and would often become the instrument or channel for making many clients' dreams for a home come true.   

In November 1981 when I received her real estate license, the interest rates were at this nation’s highest.  Homes purchased then, were not chosen because of the "warm-fuzzy" feelings they lavished.  They were primarily chosen because they were the one in twenty properties on the market for sale with a good assumable low interest rate loan, and low equity....In other words, they were affordable and practical - even though they were not necessarily a dream home.

 

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Many Real Estate professionals, believe we may be on the threshold of one of the greatest real estate opportunities experienced in California in many years.  There is one of the largest inventories of homes on the market for sale coupled with low interest rates for mortgages.  

Buyers of entry-level homes are finding although their income would not make home mortgage payments affordable for them in the past, the lower interest rates and home prices, are now considerably more comfortable.  Many more first time buyers are qualifying for homes.  And, these same buyers are having a much larger selection of homes to choose from.

Many Real Estate clients who wished to move up to a second, or third home, a few years ago were finding that the cost differential between their existing homes and homes they wished to move into was a difficult stretch.  Now, because the upper-end home has borne the brunt of our current market conditions, these same clients are finding they can comfortably make the move they had wished for in years past.
                                               I guess the message is that much of what we experience in life has to do with our own perceptions of the experience.  What one person sees as a "bad break," another can see as an opportunity.  In the summer of 2005 our perceptions were to buy anything we could get our hands on.... We were in a frantic feeding frenzy in the housing market.  Looking back, many people's perceptions of opportunity, were not well served.  The time of opportunity may very well be now!!!

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If you believe as I do, that this may be a window of opportunity for you to achieve the dream of home ownership – please contact me, so I may assist you in turning that dream into reality!

And as we approach the ending of this current year – I want to take this opportunity to wish you and your family, a Very Happy Holiday Season, and a Very Prosperous New Year!

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If you are currently considering selling or marketing a home, please feel free to call or contact me. I can provide a free, no-obligation Comparative Market Analysis of your property. . .Or if you are thinking of buying a home, I would be pleased to be given the opportunity to sit and explore with you the opportunities that await homebuyers at the present time.

 


Service is always
a priority

Myrl Jeffcoat

Local Realtor since 1981

Phone: 916.635.0420

E-Mail Myrl

Sacramento - El Dorado -  Placer Counties

Date: December 2007