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Buy Now or Buy Later

Shanna

28 October 2008

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A Time for Bargain Shoppers

Here at Buy Owner, we’ve been shouting Buyers’ Market! for quite a while, and that’s never been more true than now. With mortgage rates set to improve and a wealth of for-sale homes on the market, you as a buyer stand to reap the benefits, giving you the home you’ve been searching for at a fair price, now more than ever.

If you’re in the market, here’s why you should buy… now!

1. Available Homes: More homes on the market means more homes to choose from. Looking for a large lot? Water views? A move-in-ready townhome? Whatever your dream, it’s out there. This is in stark contrast to the market of a few years ago, where buyers often fought bidding wars to grab up the right place.

2. Reduced Prices: Houses listed for $XX six months ago are often 75% of that now. In other words, it’s a 25% off (give or take) sale, and you get your pick of properties. Of course, if you’re selling your current home to buy a nicer one, this also means your property’s selling price may need to lower, as well. That makes now a smart time to act.

3. Bargaining Power: From making an offer to asking for assistance with closing costs, you’ve got opportunities to make the home sale what you want it to be. Be sure to get an inspection and talk with the seller about any defects. Most reasonable sellers will try to work with you and come to a reasonable conclusion.

If the above factors don’t entice you into the real estate market now, maybe this recent article we featured will. The truth is, now is an excellent time to buy, so start searching!