It's a Buyer's Market, So What Are You Waiting For?
Incredibly low interest rates, lots of great inventory and plenty of VERY motivated buyers is a just a few good reasons to call your local Real Estate agent and start looking for a new home.
In most cases it is cheaper to buy than rent. Good Rental properties are scarce and the monthly payments are increasing because of supply and demand.
BUY IN MARYLAND NOW>
Maryland residents know that we're in a buyer's market, yet there are prospective home buyer's still sitting on the sidelines, risking every day that market conditions could be less favorable for them when they finally get into the game.
The situation kinda reminds me of this cartoon:
The procrastinating fish isn't really going to enjoy any benefit by (1) waiting for a bigger worm or (2) taking the bait now. He's going to end up on someone's dinner plate, whichever choice he makes.
On the other hand, a procrastinating home buyer will benefit from taking advantage of today's buyer's market: He and his family can start enjoying that bigger home in a better neighborhood NOW.
My advice: Stop making excuses! Finish those repairs to your current home so you can sell or rent it and buy another home... File that late tax return so you can qualify for a home loan... Make an appointment to see some available homes today - you will probably be amazed at the opportunities available now.
How many ways can we say this? It's a Buyer's Market!
Es un mercado de compradores (Spanish)
C'est un marché d'acheteurs (French)
這是一個買方市場 (Chinese)
Es ist ein Käufermarkt (German)
Đó là một thị trường của người mua (Vietnamese)
É um mercado comprador (Portuguese)
Translations: Google Translate
Last but not least...
No one wants to hear those dreaded words from mom, "I told you so!" - If you don't take advantage of this buyer's market and you blow the opportunity to raise your children in a better neighborhood, she'll haunt you forever with those words ringing in your ears.
Just sayin'...
Cartoon: Thank you, Richard Bolen
Copyright 2006-11. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
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For additional information about real estate and communities in the triangle formed by D.C., Baltimore and Annapolis, Maryland, contact Margaret Woda at Long & Foster Real Estate, Inc. Enjoy a competitive edge in your next real estate transaction or military relocation with Margaret's 30+ years of real estate experience and local knowledge on your side, as your adviser and advocate.
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