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5 Reasons To Buy Over The Holidays
http://www.bankrate.com/finance/mortgages/5-reasons-to-buy-a-home-during-holidays-1.aspx?ic_id=nwsltr_mtgrlest_20091112
5 reasons to buy a home during holidays
By Tracey C. Velt • Bankrate.com
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While you may think it's crazy to tackle the huge task of homebuying during the schedule-jammed holiday season, the holidays are actually a great time to find real estate deals in today's new economy.
"This year in particular may be different than other years," says Beth Tyler, a broker with Long & Foster Real Estate in Annapolis, Md., who says the economy has boosted many sellers' motivation to sell.
"Interest rates are at an all-time low, prices are greatly depressed and inventory is plentiful," says Nick Burrafato, broker/owner of Florida HomeGallery Real Estate in Orlando, Fla.
"The holiday season is a particularly good time for first-time homebuyers to find a home," says Rich Hayden, senior loan officer for HomeFirst Mortgage Corp. in Alexandria, Va. "But get prequalified with a mortgage broker or lender early. The typical turnaround to close a home is 30 (to) 60 days, so it's best to get started right away."
"The housing market appears to have reached a floor through the June to September period," says ... more

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