Since Valley homes have rapidly increased in price just to be followed by a slowdown, many Buyers are trying to make the most of the purchasing power and buy a house right as the market “hits bottom”. The funny thing is, we never know when we are at the bottom until we are on the upswing looking back.
Buyers, you need to realize that with more homes on the market now you have increased negotiating power. And the negotiating is not limited to just the purchase price, but includes closing costs, closing date, home warranty, HOA transfer fees, repairs and other options. It is important to work together with your Realtor to structure your best offer. There are great deals out there now.
With interest rates at an unbelievable low, home value increases of over 85% over the past decade and an abundance of homes to choose from, NOW may be the right time to invest in your new home.
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