Negotiation is on the buyers side - the glut and over Supply of homes is a major hurdle. In fact, I know many sellers who have no showings , less any offers in the last 6 months. If you present a competitive offer most sellers will be very ready, eager and willing to negotiate price, time frames and incentives to get a deal done.
4) Home prices have dropped sharply -S more than 30% in most of the country
My crystal ball is not 100% effective and I am not saying this is the absolute bottom.
However, with low interest rates, the easing of credit to get a loan, the ability to choose from the over abundance of supply, the ability to negotiate and this significant drop in prices may afford you the opportunity for which you have waited.
Consider why you are buying your next home. If it is a place to live, use , make your home and raise a family, a tax incentive, and a long-term appreciating asset (notice - I said long-term) , today may be an excellent opportunity to buy.
Comments(0)