In the national news we always seem to hear the bad things. They tell us how the real estate industry is just falling apart. While I will admit there have certainly been better times in real estate, I try to take a different approach than most. This is quite possibly the best time EVER to purchase a home. Buyers need to take advantage of the market conditions as they exist today.
Interest rates are at an historical low, tons of inventory on the market, foreclosures on the market with new ones coming every day, listings have been sitting on the market for a long time. Add that all up and we have potentially the best buyers market you could think of. This could be the "perfect storm" for buyers. If you are a buyer and have been sitting on the fence now is the time to hop off the fence and get some business done.
As a buyer you can command some respect these days. You are likely to get a far better deal today than you ever would. Deals can come in the form of lower prices, more upgrades, more flexible terms in the contracts, more house for the money, more incentives from the sellers. All you need is a bit of time to look around and get a great agent to help with the process. (A little plug for myself) I am available to help you today!
As an agent this is a fun time to help buyers. It is always fun to have a bit of an upper hand with negotiations. Who knows, what you ask for today you might never have gotten yesterday. The way to find out is to ASK. Remember buyers agents have A fiduciary responsibility to work on your behalf to get you the best deal we can. Don't be afraid to get your agent to do just that. I love the negotiation stage of the deal, in my opinion, that is where we agents earn our commissions.
So all you buyers out there, it is time to get off the fence and start looking for your dream house today. If not your dream house how about some investment properties. Whatever the case may be NOW IS THE TIME TO BUY!
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