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IT"S A GREAT TIME TO BUY REAL

By Suzanne Damon

Real Estate Sales Representative with Re/Max Omega

June 18, 2007 05:57 PM

I have been learning about real estate blogging. I have read the articles, searched the web and talked to the hosts of other web

bloggs. What I have learned is that I have been doing this all wrong. I need to make frequent short entries. I have decided that I will treat my blogg as a "release" to my day to day issues as well as give opinion and insight into the real estate market.

Today's thoughts are focused on IT"S A GREAT TIME TO BUY REAL ESTATE! The inventory is diverse, the negotiations are fierce, and the interest rates are still relatively good. I found a lake front two story, 1500 sq ft home, contemporary home listed for $229,900. I saw a home listed in Manchester NH for $225,900 sell for $175,000. I found interest rates ranging from 6.25% to 6.75%.

All of this combined makes a GREAT TIME TO BUY REAL ESTATE!

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John Nazareno

John Nazareno - Albany, CA

Yes it is ..but Unfortunately the majority of the people are not investment savy - they would rather buy when the market is hot, overpaying for everything..

Jun 18, 2007 06:05 PM

Leo Namiot - LeoLends.com

Canopy Mortgage - Leo Namiot - Saint Augustine, FL

More than just great rates

I agree, I have a few good posts here on the subject:

It's a great time to buy a home!

Great visual to help your clients understand homes still appreciating!

Jun 18, 2007 06:06 PM

Renee L. Norton

Birmingham, AL

You are so right...Inventory is way up in our area. Homes are still selling. We just need more buyers! All of those people that have been waiting for the right time, need to need to make their move...literally!

Jun 18, 2007 06:54 PM

Richard Dolbeare

Inactive - Wailuku, HI

Living the Hawaii Lifestyle

Yuppers, prices have flattened, it's easier to negotiate price reductions, there's much fewer bidding wars, and interest rates are still at historic lows. This may be the sweet spot for buyers. It's unfortunate that so many will wait until they can look back and see what they missed.

Jun 18, 2007 07:13 PM

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Suzanne Damon

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