Free Home Value Report Search For Homes

Friday, July 8, 2011

Buyers Who Wait Too Long May Live to Regret Missing Out On This Historic Opportunity!



Watch on your mobile device >>

You simply can’t go wrong by buying a property these days if you are even remotely in the market to do so.  In fact, we are seeing an influx of existing property owners getting into second, third and rental homes to take advantage of the great savings in terms of interest rates and the awesome choice in terms of inventory.  Here are five solid reasons why you just can’t go wrong by buying now:

INTEREST RATES HAVE NEVER BEEN LOWER

We are looking at historically low interest rates and this will simply not last.  The thing about most mortgages is that they are typically 30-year or 15-year fixed rate loans.  What does this mean to the savvy buyer who opts to seize the opportunity that lies before us now?  It means that you will lock in interest rates that the industry has not seen since when your parents were in high school!

FORTUNE MAGAZINE:  “Forget stocks, don’t bet on gold – after 5 years of plunging prices, the most attractive asset class in America is housing”

INVENTORY IS SKYROCKETING

There is a plethora of homes to choose from today!  Be it because of distress situations, relocations during our ever evolving job market or simply other homeowners wanting to cash in on the fabulous chance they have at hand and buy up into a newer, bigger or better home.  You can’t go wrong when you have a huge selection to choose from and what this means to many buyers is that regardless of demographics, chances are the right home is out there.

SO LOW PRICES THAT YOU SHOULD GO FOR IT!

While this can be a bad thing for homeowners who are not savvy during this market and choose to hold on to their property as they watch it plunge in value, in this case, what goes down WILL come back up.  Housing is no exception.  Trading into a better home and leveraging the current low prices is a fantastic way to move into a home that you may not have been able to afford otherwise.  Even though we may still see a further dip of up to 10%, the post slump period will give us a stretch of stability.  Housing prices will creep back up, but ever so slowly.  Why not live better in the meantime?

IT’S NOT GOING TO GET ANY EASIER TO SECURE A LOAN

Banks are tired of the reasons that created the mess that we’re in these days to begin with, in part.  The last thing they want to do is to make hasty and ill-informed decisions about mortgage approvals.  Before the government further regulates the real estate market and before we see the belt tightening even more on lending parameters and standards, it is a good idea to borrow money now, when varying types of lenders are still in the game.  If it reaches a point, which is highly likely, that only private lending institutions are those that provide mortgage loans, then the going is going to get real tough for borrowers.

BARGAINING AND NEGOTIATIONS ARE IN FULL SWING

One thing we are currently seeing with sellers wanting to get out of their homes and buyers looking for the best deal among a sea of options to choose from is a mutually beneficial negotiation and bargaining stance taking place between both parties.  This means that there are more concessions and additional perks that sellers are throwing in to sweeten the deal so that their home sells.
~
Just like sellers who have chosen to sit the market out and now regret not seizing opportunities that presented themselves in the past few years, the same thing could easily happen with potential buyers who do not jump on the bandwagon in time and grab the home of their dreams while it’s available with these great terms.  It will not last forever, but there is still definitely time to get out there and buy now.  And we’re not just saying this because we’re Realtors!