While the real estate market has evolved over the past couple of years, today there are new challenges. Back when the market was super hot, the challenges were finding inventory to sell. Houses were flying off the market and everything was selling like "hotcakes". Today, we have a plethora of inventory and the buyer pool has diminished. Lenders are weary of buyers because of being burned by lending to them in the past. This market, while it has its challenges, also has many benefits.
For first time home buyers, this is a great market to purchase a home. Tons of inventory, low interest rates, and softening prices make this a prime market to buy your first home. Also, if you are looking to buy and sell, it is pretty much a wash. You may sell a little lower, but you will also buy a little lower.
This part of the country is not seeing drastic price drops as seen in other parts of the country. Places like Florida, California, Colorado, etc.
During this trying time, there is great opportunity. What you need is a real estate professional to guide you through the process. This market, while it has its challenges, it also offers great potential.
Give me a call today and let me put my expertise to work for you.
John Valiante, Realror
RE/MAX Advantage
Direct: (215)983-9494
Office: (215)369-3800