Thinking about buying a home in Delaware in 2010? That is a good thing - we see the smart buyers jumping quickly off the fence while conditions are the best they have been in years! Buying a home in Delaware in 2010 can and should be a relatively easy and pleasurable experience. Although mortgage guidelines have tightened up considerably, good financing programs abound in the marketplace. As a matter of fact, I don't think you could get a bad loan if you tried to right now. Get a good Realtor®and your Realtor® can usually refer you to a reputable lender that they know will take good care of you.
Here are some facts that make the season perfect for buying a home in Delaware in 2010:
- It's a Buyer's Market - The inventory is high and there's plenty to choose from. Most seller's are willing to negotiate and help out with closing costs. Good deals are plentiful!
- Interest rates are still at all time lows - Lower rates mean better affordability and lower payments!
- Tax Benefits - Whether or not you are a first time buyer most buyers qualify for great tax benefits! this is a move to spur the economy and a gift from our government.
- Relaxed FHA Guidelines for Investors - This will be an added bonus for many buyers. Why is this good for buyers? Most buyers are using FHA financing and the relaxed FHA rules allow investors to buy and "flip" properties within 90 days. This ends up as a win-win and the investor can make a profit while the buyer gets a newly renovated property. Buyers need not worry about paying too much as appraisal guidelines are much more stringent than they were a year or two ago.
Here are a few great deals in New Castle County!
You can also search the MLS in Delaware, nearby Pennsylvania and Maryland!
Let us know f you need some guidance in buying a home in Delaware in 2010.
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