Right Time to Buy?

It seems like a lot of potential buyers may be waiting…for the market to change. They think that apartments are still priced too high; and they are, in many cases. Many single-family homes are also a bit pricey and have been on the market for excessive periods of time. Many people who would like to sell will not put their properties on the market, because of the existing climate. They will wait until they can get a better price.

But is the picture all that bad? I don’t think so. There are motivated sellers out there. Many people who have their properties on the market, are selling for a reason. They are motivated! The motivate sellars are not very hard to find, either.

And what about the foreclosure market? It wasn’t very long ago that you couldn’t buy a single-family home and rent it out for enough money to cover your mortgage payment. But with the current glut of foreclosure homes, all that has changed. The foreclosure inventory seems to be building, creating opportunities for ordinary people to become landlords. Now is the time to buy low, rent and hold. When the market improves you can continue to rent or sell for a tidy profit.

Interest rates are quite low. Rates are still relatively low for borrowers and investors with strong credit scores. They are expected to trend back up in the future so now is a good time to buy and lock in those low rates.

Don’t miss out on the opportunity of a lifetime!