If you are one of the many pent-up Buyers just waiting for the perfect moment to buy a home, you should really look at the current Buyer's Market and its many benefits that can have a very positive impact on a home purchase now.
What does this Buyer's Market really mean to you?
Well let me explain all the benefits that this Buyer's Market has waiting for you if you decide to buy a home right now. Right now because there are a lot of sellers wanting to sell their properties and not as many buyers as sellers creates a Buyer's Market. During a Buyer's Market the buyer has more leverage to get what they want more than the seller does in the transaction. This could mean a better price, or most of the buyer's closing costs being paid by the seller, or a little of both. This could save you as a buyer thousands of dollars when you buy a home in these current market conditions.
Also, right now interest rates on home mortgages are very low which means your monthly payment would be lower than if rates were higher for the same amount borrowed.
All these conditions won't last forever so if you are thinking of buying a home now is an ideal time to buy while these conditions last.
Until next time!
Robert
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