Thinking of purchasing a home? Here’s why we think NOW is a great time to buy.
1. Inventory. There are many homes available to choose from. This doesn’t mean you need to view each and every one. Sit down and make a list of your priorities. Take note of how you live and where you spend your time, along with what you like best and least about your current residence. Determine what amenities and locations are a “must-have”. View properties that meet these qualifications. You will still have large selection.
2. Price. The price of homes are lower than they have been in quite some time. This is a great opportunity to get into the market. If you have been in your home for several years chances are that you will be making a profit on the sale and you will be able to upgrade to a larger home for a great price. Talk to your Financial Advisor and a Loan Officer to determine your best “move”.
3. Low Interest Rates. Rates are at near-historic lows. They will not stay this low forever. A discussion with a Loan Officer will help determine your options.
4. Negotiation Power. Buyers are in the drivers seat for the time being. Seller’s are more willing to make concessions on terms to get the house sold. Your Realtor can work with you to structure your offer.
Loading ...
{ 1 comment… read it below or add one }
Jon Griffith 06.06.08 at 2:22 pm
I think the most important of these is the negotiation power. As long as you are able to find a lender who will fund your purchase, whether conventional or FHA, you have the power to negotiate. Seller’s are desperate to sell and they’ve reached a point at which they will accept offers they wouldn’t have accepted before. That works for you.