Why it’s a Good Time to Buy

By
Real Estate Broker/Owner with Coldwell Banker

Now is a good time to buy for those buyers who qualify for conventional financing (especially first-time homebuyers).  There are historically low interest rates, abundant inventory, and stable prices.  In addition, private mortgage insurance continues to be tax-deductible

Buyers can focus in on exactly the home they want and not what is "left" in a more competitive market.

It is difficult to predict how long this buyer's market will continue.  You often only know the bottom of the market has hit after home prices start to come up.  So, if you are ready to buy, now is a good time to do it.

As a result of the stricter underwriting requirements for loans, buyers who are in the market now, are more qualified.  This means sellers can feel more confident that their sale is going to close and may be more willing to negoiate.

Also remember choice of realtor continues to be vital in today's market. Real Estate is the most important investment for most consumers...and one where you willl spend most of your life.

Whether you are a Buyer or Seller, finding the right professional is the first step and best choice to managing the process. 

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Rainer
336,320
Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC

I agree, I am seeing some of the best deals I ever have in years come down the pipeline. If you can buy now is the time.

Nov 26, 2008 09:35 PM #1
Rainer
34,552
Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Great start on ActiveRain! Welcome and thanks for sharing your thoughts and ideas.

Nov 26, 2008 11:15 PM #2
Rainer
340,869
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon! 

Nov 26, 2008 11:27 PM #3
Rainmaker
1,401,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sal, welcome to ActiveRain! This is a great place to learn from your peers. It is a good time to buy real estate.

Nov 26, 2008 11:58 PM #4
Rainmaker
874,670
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

 

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Nov 27, 2008 12:29 AM #5
Rainmaker
559,383
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Sal,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Nov 27, 2008 03:36 PM #6
Rainer
301,270
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Nov 27, 2008 04:29 PM #7
Rainer
154,195
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Sal, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Nov 27, 2008 10:02 PM #8
Rainer
74,425
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL


 

 

Congrats on your first post - Welcome to ActiveRain!!

DM

Nov 28, 2008 12:01 AM #9
Rainer
80,304
David Painter
Keller Williams Realty - Spartanburg, SC

Good to have you on Active Rain.  This is a good site for gathering information and interesting to see what others are blogging about.

Dec 03, 2008 02:07 AM #10
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Rainer
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Sal Cortese

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