PORTOLA HILLS LIVING by Kelly Turbeville

Wondering how the real estate market in Portola Hills faired in 2010, well here you go..... Now the question will be is how will 2011 fair?    If you are a home seller with equity and are realistic about the market homebuyers are waiting for you.  If you are a home buyer and looking for properties anything below $500k goes pretty quickly.  If you are considering a condo, make sure you are aware of the new FHA requirements.  Please don't hesitate to contact us if you have any questions or would like a personal free review on your home.

Hard to believe 2005 was 4 years ago. Wow how long has this recession really gone on? For many it began in late 2005 and those who have stuck it out are beginning to see an opportunity to make a move in the right direction. Why do I say right direction, well if you were a home seller who in 2005 was thinking about moving up and buying a new home but held off, then you are in a perfect position to take advantage of where the market is today. As you will note from this attached article the inventory levels today have not been this low since 2005. If you understand the rule of supply and demand and are realistic about where home pricing is then you have the opportunity to find that move up home at buyers pricing vs. at sellers pricing. If you think back 2005 it was all about the sellers! There is a demand for equity sellers on the current market, why buyers are tired of sitting on the fence and realize that benefits such as the $8000.00 tax credit low interest rates will not continue for