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Why Now is the Time to Purchase a Home
Although the housing market has been in the doldrums for the past few years, most of us realize that home ownership is a worthy long term financial goal, not to mention the pride and comfort of living in space that is yours. There hasn't been a better time to buy a house in the last 30 years. Here's why:1. Prices are remarkably low, especially in neighborhoods that have been hit hardest by foreclosures. In some cases, you can buy a house for less than the cost of a lot in the same subdivision. People forget that houses don't have a memory. In other words, once the foreclosures are gone, the house becomes worth what it would cost to replace it.When the cost of the sticks and bricks and land exceeds your purchase price, you are getting a true bargain.2. Sellers are ready to be flexible on price and terms. Smart sellers in this market know that they have to be flexible in order to make a sale, and some sellers simply MUST sell. Plan on seeing a lot of houses and making a lot of offers to get the best deal. And don't rule out bank-owned homes and government owned properties, ... more
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