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Opportunistic Real Estate Market in Massapequa makes this the right time to move

Real Estate Agent with RE/MAX Innovations

Despite the national real estate picture and the state of the economy this is a great market becuase it presents opportunity for first time buyers and trade up buyers.  Look at this opportunity for first time buyers.  The mortgage rates are still historically low, and prices have come down from where they were a few years ago.  In addition if you have a good credit score you can buy a home with an FHA loan meaning you can by a home with 3% down and the confoming loan limits have been raised significantly higher that the 417,000 they were at last year.  This is a big difference from the reports you hear on the  news that says that people are having a hard time getting loans.  This cannot be further from the truth.  If you are a trade up buyer again opportunity knocks.  Yes you will get less for your home,  but if you are trading up, you will get the home you want for less.  That is to say that the higher the price for a home, the more flexibility in the price.  So true you will be selling for less, but you will also be buying for less.  To me this makes it a great market.  Buyers have choice, sellers have to price right and people can trade up.  Rates are historically low, and lending regulations are still very fair.  So if you are thinking about making a move - this is the time!

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