I think it is safe to say that we have all been hearing that it is a "Buyer's Market".
With interest rates at an almost all time low, it is a great time for financing property. The monthly payment is lower with a lower interest rate so it makes a home more affordable.
- Not to mention that there is a tax credit of up to $8,000 for First Time Home Buyers. A first time home buyer is classified by not owning a home in the past 36 months(3 years). As a buyer, if you think you may qualify for this tax credit or if you don't know, now is the time to contact a Realtor or your Accountant.
Inventory is high because of many reasons, making it the perfect time to buy a home. Contact me or a Realtor in your area to find out more about what is for sale. This is a great time to buy!
- The Real Estate market is unpredictable, at any time the market could go up or down, you just don't know. There is no reason to try to wait out or predict the market. You could loose the deal that you were searching for. Things may not go the way you were forecasting and it may have been the perfect time to buy, when you decided to wait.
So, I would have to agree, it is A Buyer's Market. Do not miss an opportunity. Take advantage of the large inventory and low interest rates today!!! Contact a Realtor near you!
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