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Buy a Home Now?
Buy a Home Now?
By Steve Sloboda for The Suburban Times
Why Buy a Home Now? Let me share some reasons that make sense:
First, there is no doubt that the local real estate market has adjusted dramatically. This adjustment is very favorable for Buyers. Earlier this year there was still some denial from Sellers (and the real estate industry) that prices were coming down and inventory was increasing. That mindset led to a continuation of higher asking prices. As sellers have lingered on the market their motivation to sell has increased and they have realized that their asking price points have been too high. Now, prices are coming down and qualified Buyers are able to take advantage.
With many choices on the market and very low interest rates, the time is right to make that step. If you have been watching the news lately you might have been worried about where the residential real estate market was headed. The Government seems to be doing all they can to stimulate the Country's housing situation. The new $7500 tax incentive for first time buyers, the potential mortgage buyout, and the loosening of recent credit restrictions are just a few examples. Soon after ... more

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