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Home buyers. Could of, should of, would of...

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Mortgage and Lending with Home Loan Investment Bank NMLS 49493

On the fence about buying a new home today?

Today's market, though troubled economically for some, offers some great opportunities for those that are in a position to purchase a new home. There are still a few buyers waiting and thinking about whether or not they should make a move and I think there will be some people who look back at this time and regret not having taking advantage of the opportunities that were available to them. A former colleague of mine had a saying that went something like "The paralysis of analysis". Sometimes you can spend too much time thinking about something and before you know it, you're over thinking something and not moving forward, instead you're just standing there frozen. If you're positioned properly and are comfortable with your employment and finances, today is the day to take this step forward. Stop standing there immobile. Let me do some of the analysis for you and get you moving.

Today's inventory offers a ton of property types as well as a wide range of condition. There are also many many reasons why a house is on the market. Bank owned, foreclosure, short sale, estate sale, rehab properties needing some TLC and then the traditional home that is being sold by the current owner. Depending on what type of a buyer you are, today more than ever you have got the true fixer upper all the way to the simple turn key home just waiting for a new family to move in.

For mostly economic reasons, the competition is small in relation to inventory. I bought my home in 2000 and I can remember consistently seeing the same two other couples viewing houses that my wife and I were interested in. Inventory was lower in that market and on a few of the houses we bid on, multiple bids had gone in and on several occasions the situation was this competition was driving the selling price up. Not today. Today, unemployment, lower wages or the fear of unemployment is keeping some buyers out of the market. I hope this changes because I don't like to see people struggling but this does reduce the number of people looking and also means that the inventory is greater than the demand. This is good news for the buyer in this market. Low prices.

Affordability is also at an all time high today. Rates are very very low and for a first time home buyer, the President has put $8,000 on the table for you. You have to act quickly though, this credit disappears at the end on this coming November.

In summary, a ton of inventory, low prices, not much buyer competition, low rates and for some, a great tax credit. Let's get moving. (Insert double entendre here, I want you to get physically moving looking at houses and then for you to get physically moving your things in the new house you just bought and got the deal of a lifetime on!!)

Jason

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Jason E Potrzeba

Loan Advisor

Acadia Advisory Group

Riverside RI 02915

(401) 580-7612 Cell

(401) 223-4975 Fax

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