Archive for Market Conditions

The Truth About Why It’s a Good Time to Buy a Home

Posted on Mar 27 2008 | By · Comments (4)

UndecidedNaturally, there are many reasons why now is a good time to buy.  But, I know lots of prospects are still stalling, mulling, pondering, and otherwise driving their agents crazy.

Until lately, it really was a buyer’s market.  Home prices were low, sellers were willing to deal, and it was easy for almost anyone to get a mortgage.  And, while I hear a lot about the first two reasons why folks should buy now, the third one doesn’t get much press.  Especially since there are all those pesky foreclosures happening.

So, I thought it was interesting when I saw a mention on the Inman blog about an excellent post on a mortgage blog entitled, “Stop Asking Your Real Estate Agent If ‘Now Is A Good Time To Buy.’ ”

The predictions in that post of what could happen in the mortgage industry in the Fall should motivate all but the cash-transaction buyers to make a move this Spring or Summer!

Besides bottomed-out (update: in deference to the comments on this post, perhaps it would have been better to say “low” instead of bottomed-out!) prices and desperate sellers, the TRUTH about why it’s a good time to buy is that if you wait, you could be locked out!

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