A Great Time to Buy !

November 13, 2007


If you read the October sales statistics you may wonder how I can claim that it is a great time to buy. It is interesting to me that folks scramble to buy and outbid each other in a "hot" market, but fail to purchase in a "down" or "buyers" market. Here are a few reasons to plan to purchase now.


1)The selection of homes is huge.


2)Bidding wars are no longer necessary.


3)Sellers are more receptive to offers less than the listing price.


4)Buyers do not need to feel pushed into a hasty decision.


5)Inspections are encouraged and often provided up front by the sellers.


6)Repair requests are likely to be satisfied.


7)Spec homes or new construction prices are also negotiable.


8)Buyers are not competing with investors.


9)Location can once again influence a buyer's choice. (In a "hot" market, buyers tend to buy whatever they can afford regardless of location.)


10)Interest rates are still around 6% and many first time home buyer programs are available.


If you truly want to own your own home, it is a great time to start your search!