|Abilene Real Estate: Outlook For 2012
Are you planning to get your own property in Abilene, Texas? If yes, do you know what you want? And at what price? Property buying has always been a menace and it is deceivingly simple. This is how realtors make money – their expertise are very much needed in the process of buying a home or property. It is especially true in a market like Abilene, wherein the conditions are constantly fluctuating.
However, experts have put in their forecast as to how the outlook in the new year of 2012 will be for the Abilene real estate market. Learning the market condition is the first and most important tip that prospective home buyers need to take into account. Some expert realtors will refer to it as having your ducks lined up in order to put the whole thing into perspective. On second thought, it is actually a smart move in order for you to reduce any risks associated with the process of obtaining a new property within or near the Abilene area.
The general opinion amongst real estate experts is that 2012 is a good year to get a property in Abilene. The rate of home sales in 2011 has dipped in Abilene, despite the fact that median sales price for those homes sold or in the market have risen by as much as 6 percent. The 2011 figures itself had seen a 5 percent dip when you compared it from the 2010 data in the Abilene real estate. The actual sales figures show a drop from the 1,590 homes or properties sold in 2010 to only 1,511 in 2011.
This will mark the fourth consecutive year that the sales of homes and properties in the area have experienced a decline. Hence, the industry experts fear that there could be a continued trend in the dip of home sales, which is why buyers can take advantage of the potential dip of home prices as well.
One other evidence to a possibility of a more improved Abilene real estate condition in 2012 is the lowered interest rate. Experts cite that this is one of the lowest that interest rates Abilene real estate has been in decades. The previous mortgage interest rate of 4.11 percent is now down to just 4.06 percent, which is a huge improvement given the fact that the median sales price for homes in the area are going up.
Hence, it is pushing buyers into the market place as they are looking at it as an opportunity to strike a great deal! Therefore, all types of buyers are also out in the market looking for the perfect place to call their home. The family friendly atmosphere in Abilene is what is bringing buyers in the area, just like in the Oakland real estate scene, as most people are looking to settle in a more laid back community, instead of residing in the big cities. The Abilene Association of Realtors President, Jim Kulyas, is positive that things are looking brighter in 2012 for Abilene market.
Market analysis is highly recommended for prospective buyers before settling for a property in Abilene. If you do not have an idea on how to go about the process of getting a new property, it is best to find a reliable realtor that can walk you through the process at the best deal. Check out www.oaklandrealestate.org to get more useful information on how to find the right realtor and some other tips on home buying.