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Buying a Home During Tough Economic Times
Large inventories of homes available Because of the vast amount of home foreclosures that occurred during 2008-2010, there is a large inventory of available houses on the market. Your choice when making a purchase is unlimited and negotiating a good price is much easier. Sellers are looking to unload their properties and the buyer is in a good bargaining position. Property values in most areas drop during these periods so taking advantage of the lows affords you the most for your money. Deciding on a neighborhood Before setting out to look for a home, sit down and decide which neighborhood you wish to live in. It's much better to buy a less expensive house in a more expensive neighborhood than to do the opposite. It's advisable to buy a house that is in the middle range in its overall price and value for the neighborhood. Negotiate the very best price, closing costs, realtor fees and overall financial package. Do the research
Consider the following points when setting out to purchase a house during tough economic times. Do your research. Drive around the area and take in the general feel of the streets, homes and public facilities. Check out the school districts, ... more

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