An Exciting Time to Buy Real Esate is NOW!!

By
Real Estate Agent with RE/MAX First, Independently Owned and Operated Louisiana 99562851

O.K.  The stock market is whacky, the mortgage industry is struggling, and there are lots of homes for sale!  What a great time to be in the real estate market!!!  With interest rates hovering around 5.5 %, the buying power today is so much stronger than it was just a few weeks ago!  We tell our clients, whether they are first time home buyers or seasoned home owners, if you want to make a move, do it NOW!  With this kind of interest rate, no matter what the real estate market in your area looks like, buyers have the ability to buy the home of their dreams, which might have been out of their reach financially last year. 

In the markets where real estate is depressed, what a great opportunity to buy up!  I know that if people have to sell their home before buying they think about the money they are losing on that end, but they will more than make up for it buying a higher end house!  And with these interest rates....as I say, NOW IS THE TIME!!

Here in the greater Baton Rouge area, hurricane Gustav devasted many of our neighborhoods with the loss of big trees.  The clean up is going well, buyers are back to  looking at houses, even the ones that need a little repair, and contracts are coming in.  I find all of this very exciting and a sign that the economy in our area is still going strong. 

Even though the media likes to point out that our sales are down from August this year compared to last year, when I look at our year compared to 2003 or 2004 (which were very good years in our area) we are still in very good shape!

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Rainer
62,962
Flemington, NJ

You are 100% correct, right now is a great time to buy a home.

Sep 19, 2008 03:41 AM #1
Rainmaker
366,532
Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

It is most definitely a buyer's market. Buyers can afford to be picky, and should make sure all of their needs and a few of their wishes are met before purchasing a new house.

Sep 19, 2008 03:48 AM #2
Rainer
334,580
Tom Davis
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

I absolutely agree... I can't figure out why some buyers are just not jumping in.

Thanks!

Tom Davis

World Class Delaware Realtor

Sep 19, 2008 03:50 AM #3
Rainmaker
658,357
Christine O'Shea
Christine E O'Shea Broker - Naples, FL

You are correct, it is a great time to buy, the gloom and doom and media negativity have to STOP.

Sep 19, 2008 03:54 AM #4
Rainer
16,882
Barry Bridges
Barry Bridges Weichert Realtors Bridges & Co. - Smith Mountain Lake, VA
Lake professional

It's simple. Buy now or get in when the market is on the way up. If you wait till it is on the way up you will PROBABLY also be hitting mortgage rates on the way up.

Sep 19, 2008 04:11 AM #5
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Rainmaker
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Pat Wattam

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