Tuesday, November 27, 2007

6 Great Reasons to Buy Real estate now:

Selection & selection! Just a few years ago, due to low inventory, buyers were forced to make compromises if they were to locate the home of their dreams.
Patience is tolerated. In the hot sellers market that existed, everything was rushed. Find the home before others did. Hurry up and make the offer. Today a buyer can take their time.

Due diligence is welcomed. In a sellers market, many buyers waived contingencies such as various home inspections in order to gain an advantage with multiple offers.

Few, if any investors. It is estimated that 1/3 of all buyers in 2005 were to investors. These non- owner occupied buyers caused the market to inflate & affordability to decline. Mortgage fraud became common place. Now is a great time to buy with these investors out of the market.

Location & location! Today’s buyers can find homes closer to work. In this market, reasonably priced homes are more available close to public transportation, doctors, relatives & schools.

Remember, homes are still selling. So when you buy, you now have all the advantages listed here that were not available in the recent past. Look at the whole picture. You may have to sell for a little less, but you will also, most likely, buy for less.