When Would Now Be a Good Time to Buy REO, The NY Foreclosure Report

Written by Gabriella for Island Advantage Realty 

I have a good friend who likes to ask me, "When would now be a good time?"  She says this whenever I am putting something off or stalling on some important task.  "When would now be a good time?" she asks me when I say I want to treat myself to a day at the spa.  "When would now be a good time?" she persists when I say that I really need to make an appointment for my yearly mammogram.  The question is clever because it cuts to the heart of the matter, there will be a moment when "now" will be a good time.  Is it possible that it is "now"?

There are so many things that we putoff in life, actions that we could take that could change the entire trajectory of our lives.  Buying a home is one of those actions that changes a life.  It isn't just about changing an address; it's about putting down roots and making a commitment to your financial future.  Buying a home is about giving yourself and your family long term emotional and financial stability.

Of course there are good moments and not so good moments, relatively speaking, to buy a home.  All of the experts seem to be in agreement that this moment in time is one of the most opportune to purchase a home.  There are so many homes to choose from and they are reasonably priced. Additionally there is a limited time tax credit for qualified buyers, making this moment particularly advantageous to buy a home.  Factor in the savings that can be had by purchasing REO property and all I can ask is, "When would now be a good time to buy a home?" 

If you are ready to look at the REO market in the metro New York and Long Island areas, please give us a call at Island Advantage Realty, LLC.  We are the recognized experts in the REO market for this area.  No one is better equipped to help you make "now" your moment to buy a home.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances.  Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.  For further information or questions please contact Gabriella@IARNY.com
 
Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.