I know they are a bunch of potential buyers out there waiting for the so called botttom to hit in the real estate market. They have been told by the press to not buy yet, just wait. Well I am hear telling you to "STOP LISTENING TO THE PRESS" By the time you find out the bottom has hit, you will have missed it. Could of it already have happened? I think so.
If you are thinking about buying a home in the near future, you need to get off the fence and buy a home now. First of all the prices are already low and the sellers are negotiating if you put a decent offer on the table. But most of all, the intest rate is down in the 4s. This is unheard of for years. You can buy more house for your payment, What is better to possibly sale a couple thousand dollars buy waiting, but pay more per month for less house OR to buy now and save thousands
(yes I said thousands) over the time you hold the mortgage and have a payment that you can really afford.
No one knows how long this will last. There are millions of people all over the country refinancing their loans due to the rates. There will be plenty of buyers looking and finding a home that they want to live in. The spring market is on its way. Mortgage rates change daily or weekly. Get this great rate now-or you may never have this opportunity again.
If you are looking to buy or sell your home in the Bucks County Real Estate market, please call or email me (Linda Tremblay) or Marcie Purcell. We would love to be of service to you.
Linda - You are right on point. Those who wait until the spring market will be out there looking when everyone else is looking. Even if rates remain this low, you may end up competing with other buyers if you wait. Also, I've seen house prices in certain areas actually increase in the last 30 days. Now is definitely a wonderful time to buy.
By the way, in this volatile market it is not unusual for rates to change a couple of times a day.