Posted on Saturday, May 10, 2008
There has never been a better time to purchase a piece of real estate, although the Santa Barbara real estate market is slowing. As soon as you found a home in a hot market, you had to jump on it.

You can take your time to search for the perfect home now, since there is a greater choice in housing. Room for negotiations is possible in the existing market. Buyers have much more say at the table, although the overall process may take a bit longer. Presently, interest rates remain rather low. Rates might not be at 5.84%, as they were in 2004, but you are still getting a pretty good deal, all things considered.

Above all, a home is a great investment. Owning a piece of real estate will produce great tax advantages, whether you are buying to sell or buying to keep.

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Blue Star Real Estate
Lenny Gerthoffer: Broker/Owner
(805) 884-0040
1029 State Street
Santa Barbara, CA 93101


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