WHY PEOPLE STILL WANT TO BUY HOMES

Torrance House

If you listen carefully, people are still in conversation as to why they wish to get involved in the South Bay real estate market and eventually buy a home.

The #1 reason is still the fact they want to own the place they live in. And, they just want to be a homeowner. The tax considerations, growing equity over time and being able to renovate and remodel to their tastes or as they see fit, is part of being a homeowner. Even after the few bad years in the real estate market that we have all experienced, the vast majority of people want to invest in their own place to live.

The #2 reason is that many want to buy now and then move later. This is a partially market-based sentiment, of course, as the rationale for buying right now is that prices and interest rates are low.

The #3 reason is that they don’t want to have to move anymore. Many people bought homes at the top of the market and many ended up selling the home for less than they bought it for, and of course, many went underwater and lost the home to foreclosure. Loss of jobs, re-location and other reasons, including rising gasoline prices and prices of other items did not help the situation.

This all proves that owning real estate, especially the home you live in is still an American dream that lives on and on.

About Carol

As a premier real estate agent in the South Bay, I’m here to provide you with all the resources and information you need to buy or sell real estate. I work with buyers and sellers in Torrance, Redondo Beach, Rancho Palos Verdes, Palos Verdes Estates, Long Beach and the surrounding areas and I’ve had extensive training in the latest real estate marketing strategies. I’m confident that I can offer you knowledge and tools most other agents can’t. Contact me so I can keep you updated on the latest real estate activities in our community and answer any questions you may have. I look forward to working with you!
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