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Buy, sell or hold? Auburn CA homes for sale and real estate trends.

Do you wonder if it’s a good time to buy an Auburn CA home? Real estate mogul Donald Trump said a few months ago in an interview on Good Morning America: “If you want to buy a house there’s probably never been a better time.” Trump also commented that the golden real estate rule of location, location, location still applies. He said to hold off selling if you can, but if you do need to sell, make sure your home is in the best condition possible. He may not have a hair style to emulate, but he seems to have the knack for real estate investing!

We are bombarded daily with negative headlines about the real estate market. I had a conversation with my mother-in-law on Thanksgiving Day about this very subject. She said, “yes, it’s a great time to buy, but there’s no money to lend.” That is a commonly held belief that is absolutely not true! Yes, qualifying is more stringent, but there is money to lend. FOR BUYERS, there has not been a better time to buy in a very, very long time. Some of you may say, “We haven’t hit bottom yet.” The only sure way to know we’ve hit bottom is to be looking back at it.

Isn’t it ironic that when prices were rising a few years ago, buyers were doing everything they could to buy…even when the advantage was to the seller! They were afraid of missing out. Now that the advantage is to the buyer, they’re afraid once again, but this time it’s the fear of possibly paying too much. We have had a 20%-plus decrease in median home price in the greater Auburn area in the past 2 years. This is the point when smart buyers decide it’s time to buy a home. They know they can’t predict the end of a slump, but they know there has been a considerable fall in prices, and it’s time enough to make a sensible purchase.