The Engels (Good time to Buy? Sell? )

As lifetime members (third generation) of our community, the Engel Team, Joel & Cindy, would like to introduce themselves!

Joel and I have been full-time Residential Realtors in the Tri Valley area for 22+ years. We have an excellent understanding of the local builders and the communities. This experience and knowledge speak to our years of success in the Real Estate Industry.
As Broker/Owners of Engel Real Estate, and our association with Prudential California Realty, we have over the years put a team together to handle all aspects of transacting Real Estate efficiently. We have personally transacted over 1000 residential sales in the Valley!

Many of our clients call and inquire from time to time as to whether or not it is a good time to purchase or sell their property. We answer, as best we can, based on the type of market we are experiencing. Currently, of course, we are solidly in a “Buyers Market”, with local home values at a 2003-2004 level. It is a great time to buy especially if your expectation is to live in that home for at least the next 5 years or more. This does not necessarily mean that it is not a good time to sell. In a declining market, where home prices are falling, depending on your time horizon, it may indeed be a wise time to sell. For instance, if we look back to 2008-2009, we can see that in general, values declined about 10% in that year. If you are planning on selling within the next 5 years and you believe values will continue to drop for at least another year or so, then it may be wise to preserve your equity and sell now. Please call us with any questions about your specific situation!

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